Federal Bank Q2 profit jumps 45% to record Rs 1,386 crore

What happened: Federal Bank reported a record Q2 profit of Rs 1,386 crore, up 45%, with net interest income rising 26% YoY. Key numbers: Profit Rs 1,386 crore, up 45%. NII Rs 3,153 crore vs Rs 2,495 crore. NIM 3.32% vs 3.06%. Gross NPA 1.32% vs 1.83%. Net NPA 0.17% vs 0.48%. Why it matters: CEO KVS Manian cited liability-side momentum, disciplined asset growth and fee focus, and said the bank is confident of maintaining its NIM trajectory despite FCNR deposit impact. He said the bank continues to evaluate inorganic opportunities in financial services.

Federal Bank reported a record Q2 profit of Rs 1,386 crore, up 45%, with net interest income rising 26% YoY.

CEO KVS Manian cited liability-side momentum, disciplined asset growth and fee focus, and said the bank is confident of maintaining its NIM trajectory despite FCNR deposit impact. He said the bank continues to evaluate inorganic opportunities in financial services.