Federal Bank has reported results for first quarter ended June 30, 2012.
The bank has posted a rise of 30.23% in its net profit at Rs 190.35 crore for Q1FY13 as compared to Rs 146.16 crore for the same quarter in the previous year. Total income has increased by 21.99% at Rs 1661.04 crore for quarter under review as compared to Rs 1361.61 crore for the quarter ended June 30, 2011.
Gross non-performing assets (NPAs) improved to 3.60% in the April-June quarter as against 3.90% in the same quarter previous year while, net NPAs decreased to 0.62%.
