Federal Bank share price

Total income of Federal Bank on the standalone basis during the July-September quarter of 2022-23, rose to Rs 4630.30 crore Get more Companies News and ...

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Total advances increased 19.4 percent to Rs 1.64 lakh crore as on September 30, 2022.

The bank’s asset quality improved sequentially with gross NPA (non-performing assets) at 2.46 percent as compared to 2.69 percent in the previous quarter. Net interest income (NII) grew 19 percent YoY to Rs 1,761.83 crore. Analysing the results, Gaurav Jani – Research Analyst, Prabhudas Lilladher said, “NII was a beat. We are encouraged by this and are working to ensure that the trend continues,” Shyam Srinivasan, managing director & CEO said. For the year, the share price has advanced almost 50 percent. Net profit in the year-ago period stood at Rs 460 crore.

At 02:06 pm; it was quoting 5 per cent higher at Rs 131.10, as compared to a 1.6 per cent rise in the S&P BSE Sensex. The average trading volumes on the counter ...

Asset quality of the bank improved as gross non-performing assets (NPA) came at 2.46 percent as compared to 2.69 percent in the preceding quarter. The bank’s net NPA stood at 0.78 per cent as against 1.12 per cent in Q2FY22. Credit costs are well controlled at 53 bps, the management said. Net interest margin improved 10 bps YoY to 3.3 per cent during the quarter. The average trading volumes on the counter almost doubled, with a combined 49.7 million shares having changed hands on the NSE and BSE. At 02:06 pm; it was quoting 5 per cent higher at Rs 131.10, as compared to a 1.6 per cent rise in the S&P BSE Sensex.

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It was Rs 3,870.90 crore in the same period last year. Last year it was 1.12 per cent (Rs 1,502.44 crore). The bank had a net profit of Rs 460.26 crore in the same quarter last year. Federal Bank told stock exchanges that its net income rose to Rs 4,630.30 crore on a standalone basis in the July-September quarter. Net NPAs stood at 0.78 per cent (Rs 1,262.35 crore). It was 3.24 per cent in September 2021.