4 months, 4 weeks ago
Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore
The HinduFederal Bank Ltd. reported Q1 FY25 net profit rose 18.3% year-on-year to ₹1,009.53 crore. Net advances rose to ₹2,20,806.41 crore, from ₹1,83,487.41 crore in the year-earlier period. Gross NPA at the end of Q1 FY25 was ₹4738.35 crore, which as a percentage to Gross Advances was 2.11%, while net NPA and as a percentage to net advances was ₹1330.44 crore and 0.60% respectively. Shyam Srinivasan, Managing Director and CEO, Federal Bank in a statement said, “I am encouraged that we have had a resoundingly strong start to FY 25 and delivered our highest ever quarterly profits.” “With an Industry leading growth in both deposits and assets we are gaining share consistently.
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