Federal Bank has announced its FY11 results. The company's consolidated net interest income (NII) was up at Rs 1,747.5 crore versus Rs 1,411.5 crore, year-on-year, YoY. Its consolidated net profit was up 26% at Rs 556.5 crore versus Rs 439.7 crore.
Shyam Shrinivasan, the MD and CEO of Federal Bank in an interview on CNBC-TV18 says he expects net interest margins (NIMs) to come down further to some extent.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
