Federal Bank on Tuesday reported a 25 per cent rise in net profit atRs. 277.29 crore for the quarter ended March, 2014.
The bank posted a profit of Rs.221.94 crore for the corresponding quarter of the previous fiscal year (2012-13).
Total income during the last quarter of FY14 rose to Rs. 2,017.12 crore, from Rs. 1,780.31 crore a year earlier, the lender said in a filing to the BSE.
Net non-performing assets (NPAs) of the banks trimmed to 0.74 per cent during the quarter, from 0.98 per cent in the corresponding period of the previous fiscal year.
Gross NPAs were also reduced to 2.76 per cent during the quarter under review, from 3.44 per cent a year ago.
The bank posted a profit of Rs.221.94 crore for the corresponding quarter of the previous fiscal year (2012-13).
Total income during the last quarter of FY14 rose to Rs. 2,017.12 crore, from Rs. 1,780.31 crore a year earlier, the lender said in a filing to the BSE.
Net non-performing assets (NPAs) of the banks trimmed to 0.74 per cent during the quarter, from 0.98 per cent in the corresponding period of the previous fiscal year.
Gross NPAs were also reduced to 2.76 per cent during the quarter under review, from 3.44 per cent a year ago.