Friday , 16 November 2018
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Federal Bank reports marginal rise in Q2 net profit

Federal Bank reports marginal rise in Q2 net profit

Federal Bank has reported results for second quarter ended September 30, 2018.

The Bank has reported a marginal rise of 0.89% in its net profit at Rs 266.04 crore for the quarter under review as compared to Rs 263.70 crore for the same quarter in the previous year. Total income of the Bank increased by 15.79% at Rs 3,087.81 crore for Q2FY19 as compared Rs 2,666.82 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the June-September quarter of the current fiscal increased to 3.11%, as compared to 2.39% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 1.78% in Q2FY19.

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