Federal Bank reports 5% rise in Q2 net profit

Federal Bank has reported results for the second quarter ended September 30, 2013.

The Bank has reported rise of 4.98% in its net profit at Rs 225.81 crore for the quarter as compared to Rs 215.10 crore for the same quarter in the previous year. Total income from operation of the bank has increased by 11.58% at Rs 1857.84 crore for quarter under review as compared to Rs 1665.04 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) have decreased to 3.39% in the July-September quarter as against 3.83% in the same quarter previous year; however net NPAs increased to 0.98%.