Federal Bank has reported results for the quarter ended June 30, 2014
The bank’s net profit for the quarter rose by 91.40% at Rs 202.23 crore as compared to Rs 105.66 crore for the quarter ended June 30, 2013. Its total income has increased by 3.16% to Rs 1928.04 crore for the quarter under review from Rs 1869.05 crore for the corresponding quarter of the previous year.
The bank’s gross NPA for the April-June quarter of the current fiscal stood at 2.22%, as compared to 3.51% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.68% in Q1FY15 as compared to 1.91% in the same quarter of the previous year.