Exclusive: Venkatraman Venkateswaran, CFO, Federal Bank On Q4, NII, GNPAs and Growth Plans for FY25

Federal Bank's latest quarterly report shows a nearly unchanged net profit of Rs 906 crore for the period ending March 31, as per an exchange filing on May 2. However, this marks a 10 percent decrease from Rs 1,007 crore in the previous quarter. Despite this, the bank announced a dividend of Rs 1.2 per equity share for FY24. Notably, the bank's net interest income reached its highest-ever at Rs 2,195.11 crore, a 15 percent increase, while there was a slight improvement in asset quality. Gross non-performing assets improved to 2.13 percent YoY, and net non-performing assets to 0.6 percent. CFO Venkatraman Venkateswaran discusses the Q4 earnings and outlines growth plans for FY25 in an interview with Business Today's Shail Bhatnagar.