Wednesday, Jun 29, 2022
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Federal Banks Q4 Net Profit Up 58 6
Ads

Federal Bank’s Q4 net profit up 58.6%

By IANS
Published: Published Date - 04:44 PM, Mon - 17 May 21
Gross advances reached Rs 1,34,876.71 crore as on March 31, 2021 from Rs 1,24,153.18 crore as on March 31, 2020 registering a growth of 8.64 per cent.

Mumbai: Federal Bank on Monday reported 58.6 per cent growth in its net profit for the January-March quarter at Rs 477.81 crore.

Its Net Interest Income grew by 17 per cent (YoY) to reach Rs 1,420 crore, the bank said in a statement.

Gross advances reached Rs 1,34,876.71 crore as on March 31, 2021 from Rs 1,24,153.18 crore as on March 31, 2020 registering a growth of 8.64 per cent.

Shyam Srinivasan, Managing Director & CEO, Federal Bank said: “We delivered our highest every quarterly profit despite an extremely challenging environment.

Some of the segments such as gold loans and CASA continue to shine for us with gold loans registering a staggering growth of 70.05 per cent. The asset quality held up well and Net NPA of 1.19 per cent placed the bank amongst the best in the industry.”

The gross NPA of the bank as on March 31, 2021 stood at Rs 4,602.39 crore.

  • Follow Us :
  • Tags
  • CASA
  • Federal Bank
  • Gross advances
  • net interest income

Related News

  • Telangana Grameena Bank net profit up 27 per cent to Rs 373.16 crore

  • Pennar Industries Q3 net profit up multi-fold

  • KIMS Q3 net up 76 per cent at Rs 84.2 crore

  • Bank of Maharashtra ranks 1 in PSU lenders chart for loans in Q3

  • Union Bank of India Q3 net up 49.29%

  • Canara Bank Q3 net profit up 115.8%

Latest News

  • School shootings in US rise to highest number in 20 years: Report

    34 mins ago
  • Tesla lays off 200 Autopilot employees in latest jobs cut: Report

    36 mins ago
  • Udaipur horror: Muslim organisations condemn tailor’s killing

    17 mins ago
  • Why speed dating is relevant in today’s time

    54 mins ago
  • G7 commits to boost India’s clean energy transition

    1 hour ago
  • Centre approves Rs 3,760 crore works for 34 national highways in Gujarat

    1 hour ago
  • Monkeypox cases in UK pass 1,000, world total now 3,413

    1 hour ago
  • Bihar leaders seek strict action in Udaipur killing

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam