Federal Bank announced its unaudited financial results for the quarter ended 30th June 2022 today.
Highlights
- Net Profit of 601 Cr, grew by 64% YoY
- ROA at 1.10% and ROE at 12.70%
- CASA grew by 15% YoY and CASA Ratio at 36.84%
- Core Fee Income of ?441 Cr, increase of 73% YoY
- GNPA and NNPA brought down to 2.69% and 0.94% respectively
- Agri Business grew by 19% YoY
- Business Banking grew by 18% & Commercial Banking grew by 20% YoY
- Market Share in Personal Inward remittance business at 21.06% (FY22