Categories AlphaGraphs, Earnings, Finance, LATEST
Infographic: Federal Bank soars higher after a decent quarter results
The bank’s total income grew 1.94% to Rs 4081.48 crore in Q1 FY23 compared with Rs 4003.97 crore in Q1 FY22. Operating profit before provisions and contingencies fell 14.11% year on year to Rs 973.37 crore in Q1 FY23.
Net interest income stood at Rs 1,605 crore in Q1 FY23, up 13% over Rs 1,418 crore in the same quarter last year. Net interest margin improved marginally to 3.22% in Q1 FY23 from 3.15% in Q1 FY22.
The CASA deposits grew 15% YoY to Rs 67,540 crore in Q1 FY23 and CASA Ratio improved to 36.84% in Q1 FY23 from 34.81% posted in Q1 FY22. During the quarter, Agri advances registered a growth of 19% YoY to Rs 19,988 crore from Rs 16,827 crore. Business banking advances registered a growth of 18% YoY to Rs 12,799 crore. Commercial banking advances registered a yearly growth of 20% to Rs 15,349 crore.
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