Federal Bank posts 26% jump in core income as asset quality improves
Federal Bank lifted net profit 45% in the second quarter, with net interest income up 26% and bad loan ratios lower. Source: CNBC TV18.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
Federal Bank of India reported its second-quarter results. Net interest income (NII) rose 26.4% to Rs 3,153.4 crore from Rs 2,495.2 crore a year earlier. Net profit climbed 45% to Rs 1,386 crore, compared with Rs 955 crore in the same quarter last year.
Asset quality improved over the period. Gross non-performing assets (NPAs) fell to 1.32% from 1.52% in the previous quarter, while net NPAs eased to 0.17% from 0.18%. Provisions rose to Rs 342 crore from Rs 318 crore sequentially, but stayed below last year's Rs 363 crore. Other income jumped 37.7% to Rs 1,490 crore from Rs 1,082 crore.
According to CNBC TV18, the bank's shares were volatile during trading.
why it matters
For markets, the standout points are the growth in interest and other income and the drop in the share of bad loans. The sequential rise in provisions shows the bank is still building a buffer against possible losses, which is worth weighing when judging how durable the profit gain is.
tags
instruments
sources
- Federal Bank Q2 Results: Core income grows 26%, asset quality improves; Stock volatile — cnbctv18.com, 16 October 2026 at 08:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗