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Federal Bank reports 10.79% rise in net profit, net interest income grows 15% Federal Bank announced on Monday a 10.79% year-on-year (YoY) rise in net profit to ₹1,056 crore in Q2FY25. The bank’s net interest income for the quarter grew by 15% YoY to ₹2,367 crore. Following the announcement, shares of the bank were trading higher by 6% at ₹196.60 per share on Tuesday. quality, with gross non-performing assets (GNPA) coming down to 2.09% from 2.26% in the corresponding period last year. The net non-performing assets (NNPA) stood at 0.57%, which is lower than 0. 64% in the same period last year The bank’s return on assets (ROA) and return on equity (ROE) stood at 1.28% and 13.65%, respectively quality, with gross non-performing assets (GNPA) coming down to 2.09% from 2.26% in the corresponding period last year. The net non-performing assets (NNPA) stood at 0.57%, which is lower than 0. 64% in the same period last year Federal Bank’s total business at the end of Q2FY25 was up 17.32% YoY to ₹4,99,418 crore. KVS Manian, managing director and chief executive officer of Federal Bank, said the bank’s performance during the quarter was fueled by momentum across verticals. Moreover, the bank has seen an improvement in asset quality. “Our deposits, now upgraded to AAA by CRISIL, signify a sturdy core of the franchise. Business momentum across verticals has been strong and inclusive, and asset quality improvements have been notable,” he said Shares of the company have risen by nearly 25% since the beginning of the year. The stock has gained over 39% in the past year. federal bank share federal bank share price NewallHindustans Cricket news monthly newsletter trending topics contents mobile review