Federal Bank Q2 Profit Jumps 45% to Record ₹1,386 Crore
- Federal Bank reported a record ₹1,386.09 crore net profit in Q2 FY27, up 45.10% from a year earlier.
- The bank’s gross and net non-performing asset ratios fell to their lowest levels in a decade.
- Net interest income rose 26.38% to ₹3,153.40 crore, while total business exceeded ₹6.4 lakh crore.
- KVS Manian said the bank’s growth was driven by its core business.
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Federal Bank Q2 profit jumps 45% to record Rs 1,386 crore
Federal Bank posted record Q2 profit of Rs 1,386 crore, up 45% year-on-year, as net interest income climbed 26%. Advances grew 22% and deposits 19%, while asset quality improved, with gross NPAs declining to 1.32% during the September quarter.
Bengaluru: Private bank Federal Bank has posted a record profit in the second quarter of the financial year 2026-2027. Net profit in the second quarter rose 45.1 percent to Rs 1,386 crore. This is the bank's...
Federal Bank Q2FY27 Net Profit Up 45% to Rs 1,386 Crore
Federal Bank has announced a significant increase in its net profit for the July-September quarter of the financial year 2026-27, achieving a record Rs 1,386 crore. This represents a year-on-year growth of 45.1 per cent, attributed to robust net interest income, enhanced fee income, and improved asset quality. The bank’s net interest income (NII) grew […]
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