Federal Bank net profit at Rs 384 crore, asset quality stable
  • WebDesk BTVI
  • Jul 16 2019

Federal Bank posted its Q1 numbers on Tuesday. The bank’s net profit stood at Rs 384 crore versus Rs 263 crore, up by 46% Year-on-Year. Gross NPA stood at 2.99% vs 2.92% (QoQ), net NPA stood at 1.49% vs 1.48% (QoQ). Bank management said Q1 was in line with expectations. They added that the bank has been watchful on lending to some sectors such as infra, road projects.