Federal Bank Q1 Results

It earned Rs 3,229.30 crore as interest income in the June quarter of this financial year

The Federal Bank Limited has reported a net profit of Rs 210.15 crore during the quarter ended June 30, 2017 as against Rs 167.31 crore, a year ago. Bank's total income rose to Rs 2,653.19 crore from Rs 2,263.84 crore.Shyam Srinivasan, managing director & CEO, The Federal Bank Limited, said that the quarter saw one of the best operating performance in a quarter. There were only one or two large accounts which slipped during the quarter, which is in line with the guidance."We are quite pleased with the outcome. It is a good operating performance, growth was strong at 29 per cent y-o-y on credit growth. CASA, CD Ration and others have improved. We feel quite encouraged," he said.The Kerala-based Bank's gross NPA stood at Rs 1867.94 crore as against Rs 1747.31 crore. As a per centage it dropped to 2.42 per cent during the first quarter from 2.92 per cent, a year ago.Net NPA rose to Rs 1061.26 crore from Rs 994.450 crore. In per centage terms it dropped to 1.39 per cent from 1.68 per .