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.
Also Read - Here's what to expect from HUL Q4 earnings
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.
Federal Bank Ltd has informed BSE that a meeting o
Ashu Madan of Religare Securities is of the view t
As of now, the Indian corporate bond market is in
Sharmila Joshi of sharmilajoshi.com is of the view
A 25 basis point cut by the Reserve Bank of India
Vishal Malkan of malkansview.com is of the view th
Ashwani Gujral of ashwanigujral.com recommends buy
Country's largest private sector lender ICICI Bank