Federal Bank Q4 net up by 25 pc at Rs 277cr

Kerala-based Federal Bank today reported a rise of 2.5 per cent in net profit at Rs 277.29 crore for the fourth quarter ended March 31, 2014.

The private sector lender had posted a profit of Rs 221.94 crore during the January-March quarter in previous fiscal 2012-13.

Its total income during the last quarter of FY14 rose to Rs 2,017.12 crore, from Rs 1,780.31 crore a year earlier, it said in a filing to the BSE.

Net non-performing assets (NPAs) of the banks trimmed to 0.74 per cent during the quarter, from 0.98 per cent in the previous fiscal's corresponding period.

Gross bad loans or NPAs were also reduced to 2.76 per cent during January-March of 2013-14, from 3.44 per cent a year ago.

Shares of Federal Bank closed down by 2.79 per cent at Rs 92.25 apiece on the BSE today.

EDITORIAL OF THE DAY

  • Because our politicians elbowed out our teachers on Teachers’ Day

    The Swachch Bharat campaign made the highest leaders sweep. Teachers’ Day is making them teach.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Sachin Shridhar

Crouching tiger, hidden dragon

The Chinese are consummate gamblers. If you visit a casino ...

Zehra Naqvi

Capturing change

The pace of change in the world around us can ...

Gautam Gupta

Bring on the Benares brigade

It was in 2003 when I first started work and ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture