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Federal Bank Q1 Results: Net profit rises 42% YoY to Rs 854 crore; NII up 20%
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Federal Bank reported a standalone net profit of Rs 854 crore for the quarter ended June on Thursday, rising 42% compared to the company's Rs 601 crore-Q1 profit of the previous year. The net interest income (NII) for the first quarter rose nearly 20% to Rs 1,919 crore.
It was Rs 1,605 crore in the same period last year. On a sequential basis, profit fell 5% from Rs 903 crore reported in the preceding March quarter.MORE TO COME...
. Read more on economictimes.indiatimes.comAbout this in other media
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