Federal Bank stock closes over 19% higher on Q1 net profit, provisions for bad loans fall
The bank's provisions for bad loans fell 15.77% to Rs 199.15 crore in Q1 compared to Rs 236.44 crore in the corresponding period of last fiscal. On a quarter-on-quarter basis, these declined 46.4% from Rs 371.53 crore. The bank's net interest income rose by 22.4% year on year (YoY) to Rs 980 crore in Q1.
Last Updated: July 18, 2018 | 09:43 IST