Federal Bank has reported results for fourth quarter and year ended March 31, 2018.
The Bank has reported a fall of 43.49% in its net profit at Rs 144.99 crore for the quarter ended March 31, 2018 as compared to Rs 256.59 crore for the same quarter in the previous year. However, total income of the Bank increased by 10.16% at Rs 2,862.14 crore for quarter under review as compared to Rs 2,598.06 crore for the quarter ended March 31, 2017.
For the year ended March 31, 2018, the Bank has posted a rise of 5.78% in its net profit at Rs 878.85 crore as compared to Rs 830.79 crore for the same period in the previous year. Total income of the Bank increased by 11.81% at Rs 10,911.98 crore for year under review as compared to Rs 9,759.20 crore for the period ended March 31, 2017.