From Financialexpress · Khushboo Kumari · · 50s
Federal Bank Q2 Profit Hits Record
Federal Bank reports record Q2 profit of Rs 1,386 crore as business crosses Rs 6.4 lakh crore.
In brief
Federal Bank reports record Q2 profit of Rs 1,386 crore as business crosses Rs 6.4 lakh crore. Federal Bank achieved record Q2 FY27 profit of Rs 1,386 crore with business crossing Rs 6.4 lakh crore. Originally reported by Financialexpress.
Federal Bank Q2 Profit
Federal Bank posts record Q2 FY27 profit of Rs 1,386 crore, up 45.10% YoY.
Business Crosses Rs 6.4 Lakh Cr
Federal Bank business crosses Rs 6.4 lakh crore with advances surpassing Rs 3 lakh crore.
NPA Ratio at 1.32%
Gross NPA ratio stands at 1.32% with decade-low levels and slippages down 27%.
CEO Highlights Growth
CEO KVS Manian notes core earnings growth with net interest income up 26% and fee income up 32%.
New Independent Director
Federal Bank appoints Rajesh Varrier as independent director effective October 16.
Here's the gist
Federal Bank achieved record Q2 FY27 profit of Rs 1,386 crore with business crossing Rs 6.4 lakh crore.
