Federal Bank's Q2 net profit rises 31% to â¹263 crore
Federal Bank on Monday reported a 31% jump in its September quarter profit at â¹263.7 crore compared to â¹201 crore a year ago. Net interest income, the core income earned by giving loans, increased 23.8% to â¹899 crore. The asset quality of the bank improved with gross bad loans falling to 2.39% as compared to 2.42% in the previous quarter.