Apr 27, 2013, 05.44 PM | Source: Moneycontrol.com
Public sector lender Federal Bank's fourth quarter (January-March) net profit fell by 6.6 percent year-on-year to Rs 221.9 crore.
Net interest income (NII) declined 2.3 percent to Rs 479.8 crore from Rs 491.2 crore Y-o-Y.
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Provisions against bad loans increased to Rs 98.2 crore in March quarter FY13 as against Rs 74.4 crore December quarter.
Meanwhile, gross non-performing assets (NPAs) slipped 41 basis points Q-o-Q to 3.44 percent. But net NPAs went up by 6 basis points Q-o-Q to 0.98 percent in March quarter.
Capital adequacy ratio stood at 14.73 percent in fourth quarter as against 14.92 percent in third quarter.
Federal Bank's gross NPAs were Rs 1,554 crore as against Rs 1,564 crore and net NPAs at Rs 431.9 crore versus Rs 362 crore Q-o-Q.