Federal Bank Q1 result bank reported a standalone net profit of 367 3 crore rupees varpat– News18 Hindi

New Delhi. Federal Bank has released the results for the first quarter ended June 30, 2021. The bank’s profit in the first quarter has been Rs 367.3 crore. The bank profit during this period was estimated at Rs 415 crore. In the first quarter of last year, the bank’s profit stood at Rs 400.8 crore.

NII stood at Rs 1,418.4 crore
The interest income (NII) of the bank stood at Rs 1,418.4 crore in the first quarter. It was estimated to be Rs 1,468.3 crore. In the first quarter of last year, the interest income of the bank was Rs 1,296.5 crore.

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NPA stood at 1.23 per cent
The asset quality of the bank has seen a decline in the first quarter on a quarter-on-quarter basis. In the first quarter ended June 30, 2021, the net NPA of the bank increased from 1.19 percent to 1.23 percent.
On a quarterly basis, the gross NPA of the bank has increased from 3.4 percent to 3.5 percent in the first quarter ended June 30, 2021. During this period, the bank’s other income has increased to Rs 650.2 crore from Rs 488.4 crore in the first quarter of last year.

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