Kerala-based Federal Bank today reported a jump of 29.80 per cent in its net profit at Rs 143.10 crore for the third quarter ended December 31, 2010.
It had a net profit of Rs 110.25 crore during the corresponding quarter of last fiscal, federal bank said in a filing to the Bombay Stock Exchange.
The bank also reported an increase of 7.77 per cent in its total income for the third quarter at Rs 1,143.57 crore as against Rs 1,061.12 crore, it added.
Federal Bank's gross non-performing assets (NPAs) stood at 3.95 per cent at the end of December quarter, up from 2.97 per cent in the year-ago period.
Its gross NPAs, meanwhile, also went up to 0.81 per cent during the quarter under review as against 0.56 per cent in the same quarter of 2009-10, Federal Bank added.