Federal Bank Q2 profit jumps 45% to record ₹1,386 crore

Federal Bank Q2 profit jumps 45% to record ₹1,386 crore left Federal Bank The Hindu The Hindu https://th-i.thgim.com/public/incoming/rn1t39/article71592233.ece/alternates/FREE_1200/BIZ-RESULTS-LD-GILFEP3O0.3.jpg.jpg Dinakaran Federal Bank Tthe agricultural segment warranted close monitoring amid the threat of El Niño, though the bank had not yet recorded any significant impact on slippages. MUMBAI Federal Bank posted a record net profit of ₹1,386 crore for the September quarter, up 45% year-on-year (YoY), driven by improved asset quality and a record increase in other income. The bank’s gross non-performing asset (NPA) ratio fell to a decade low of 1.32% at the end of Q2FY27, from 1.52% in the preceding quarter. Net NPA declined to 0.17% from 0.18%. The provision coverage ratio rose 1,333 basis points YoY to 86.78%, while fresh slippages declined 27.48% over the same period.