Federal Bank Q1 FY24 Results Key Highlights

Federal Bank Q1FY24 highlights

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Net Profit: The net profit witnessed a remarkable year-on-year growth of 42.13%, reaching 853.74 crore.

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Operating Profit: The operating profit also displayed strong growth, increasing by 33.80% YoY to reach Rs 1,302.35 crore.

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Return on Assets (ROA): The ROA ratio stood at 1.30, indicating the bank's effective utilization of assets to generate profits.

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Return on Equity (ROE): The ROE ratio was recorded at 15.73, highlighting the bank's ability to deliver returns to its shareholders.

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Asset Quality: The bank significantly reduced Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA), bringing them down to 2.38% and 0.69%, respectively. This demonstrates the bank's effective management of loan quality.

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Total Deposits: Total deposits witnessed a notable growth of 21.35%, reflecting the trust and confidence of customers in the bank's services.

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Total Advances: The bank's total advances also experienced substantial growth, increasing by 20.86%.

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Federal Bank Q1FY24 highlights

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This announcement showcases Federal Bank's strong start to FY24 and reinforces its position as a reliable and successful financial institution.

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Federal Bank Q1 FY24 Results Key Highlights

Federal Bank Q1 FY24 Results Key Highlights

Federal Bank Q1FY24 highlights

Total Business: The bank's business reached a significant milestone of 4,05,982.91 crore.

Net Profit: The net profit witnessed a remarkable year-on-year growth of 42.13%, reaching 853.74 crore.

Federal Bank Q1FY24 highlights

Operating Profit: The operating profit also displayed strong growth, increasing by 33.80% YoY to reach Rs 1,302.35 crore.

Federal Bank Q1FY24 highlights

Return on Assets (ROA): The ROA ratio stood at 1.30, indicating the bank's effective utilization of assets to generate profits.

Federal Bank Q1FY24 highlights

Return on Equity (ROE): The ROE ratio was recorded at 15.73, highlighting the bank's ability to deliver returns to its shareholders.

Federal Bank Q1FY24 highlights

Asset Quality: The bank significantly reduced Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA), bringing them down to 2.38% and 0.69%, respectively. This demonstrates the bank's effective management of loan quality.

Federal Bank Q1FY24 highlights

Total Deposits: Total deposits witnessed a notable growth of 21.35%, reflecting the trust and confidence of customers in the bank's services.

Federal Bank Q1FY24 highlights

Total Advances: The bank's total advances also experienced substantial growth, increasing by 20.86%.

Federal Bank Q1FY24 highlights

Federal Bank Q1FY24 highlights

This announcement showcases Federal Bank's strong start to FY24 and reinforces its position as a reliable and successful financial institution.

Federal Bank Q1FY24 highlights

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