The Federal Bank on Friday announced the Q4 results, reporting a 13.2 percent rise in its standalone net profit to Rs 541 crore in the March 2022 quarter.
The bank said in a regulatory filing that the total income during the January-March quarter of 2021-22 increased to Rs 3,948.24 crore compared to Rs 3,843.87 in the same period of the preceding fiscal. The net profit has increased by 18.8 percent to Rs 1,889.82 crore for the entire FY22.
The total income in FY22 is reported to be Rs 15,749.85 crore from Rs 15,716.61 crore. The gross non-performing assets increased by 2.80 percent of the gross advance as of March 31, 2022, from 3.41 percent a year ago.
In terms of value, the gross NPAs stood at Rs 4,136.74 crore, which has declined from Rs 4,602.39 crore. Similarly, the net NPAs had also declined to 0.96 percent from 1.19 percent.
