Federal Bank announced Unaudited Financial Results for the quarter ended 31st December 2021.
Major highlights of the results on a Y-o-Y basis are as follows:
Q3FY21 Vs Q3FY22
Operating Profit & Net Profit
Net Profit for the quarter increased to Rs. 521.73 Cr compared to Rs. 404.10 Cr as on 31st Dec 2021. The Bank recorded an Operating Profit of Rs. 914.29 Cr as on 31st Dec 2021 down from Rs. 956.44 Cr an year earlier.
Income & Margins
Net Interest Income of the Bank increased to Rs.1538.90 Cr as on 31st Dec 2021 from Rs. 1437.04 Cr as on 31st Dec 2020. Core fee income has registered a growth of 15.47% to reach Rs. 412.03 Cr. The Net Interest Margin of the Bank during quarter ended 31st December 2021 stood at 3.27%.
Asset Quality
Gross NPA and Net NPA of the Bank as at the end of the Quarter stood at Rs. 4401.26 Cr and Rs. 1471.18 Cr respectively. Gross NPA as a percentage stands at 3.06% and Net NPA as a percentage stands at 1.05% , improving sequentially. Provision Coverage Ratio stands at 79.62% compared to 86.32% an year earlier.
NET WORTH & CAPITAL ADEQUACY
Net worth of the Bank increased to Rs.18087.98 Cr as on 31st December 2021 from Rs.15631.15 Cr as on 31st December 2020. Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines stood at 14.37% as at the end of the quarter.
Footprint
The Bank has 1274 branches and 1882 ATMs/Recyclers as on 31st December 2021.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.