InvestorQ : How do we see the federal bank latest results??? How well the company will perform ahead???
Pankaj Parmar made post

How do we see the federal bank latest results??? How well the company will perform ahead???

Answer
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vidhya Laxmi answered.
3 months ago


Federal Bank June-20 quarter net profit rose by 4.3% at Rs.401. Higher net interest income and other income triggered revenue growth in the bank. NII reported 12.3% at Rs.1296 crore, other income grew 24.7% to Rs.488 crore. The numbers in results were beyond market expectations amid countrywide COVID-19 pandemic.

Looking at the bank's gross NPAs which also grew at 2.96% on a sequential basis. The Kerala-based bank has no plan for capital-raising activity in the near future. However, nothing can be said until market unlocks and stabilises.