Federal Bank Q1 consolidated net rises by 77.77 pc

Mumbai: Private Sector lender, Federal Bank has reported a rise of 77.77 percent to Rs 634.22 crores for quarter ended June 30, 2022 as against net profit of Rs 356.76 crores for the quarter ended June 30, 2021.
Total income for the quarter under review grew by 4.16 pc to Rs 4318.17 crores as compared to Rs 4145.88 crores during the period ended June 30, 2021.
Gross NPA was at Rs 4273.04 crs in Q1 FY2023 against Rs 4793.18 crs in Q1 FY2022.
Net NPA was at Rs 1505.82 crs in Q1 FY2023 against Rs 1712.42 crs in Q1 FY2022.
GNPA was at 2.67 pc of Gross advances as on June 30, 2022 as compared to 3.51 pc as on June 30, 2021.
Net NPA was at 0.96 pc of Gross advances as on June 30, 2022 as compared to 1.28 pc as on June 30, 2021
Return on Average Assets (RoA) is at 0.28 pc for Q1 FY2023 against 0.27 pc in Q4 FY2022
In Q1 FY2023, Bank’s total Capital Adequacy Ratio (CAR) was at 15.12pc, as compared to 15.36 pc in Q1 FY2022. (UNI)