Mumbai, Oct 18 – Federal Bank said it earned a net profit of ₹955.26 crore in the July‑September quarter of FY26, a drop of 9.5 percent from the same period last year. The bank, a key player in India’s private‑sector lending market, had made ₹1,056.6 crore in Q2 FY25.
Even with the year‑on‑year fall, the bank’s profit jumped 10 percent from ₹861.75 crore in the June‑August quarter, showing a strong quarter‑on‑quarter rebound.
Total income rose 3.5 percent YoY to ₹7,824.3 crore, up from ₹7,541.23 crore. Net interest income (NII) reached ₹2,495 crore, while operating profit hit ₹1,644.17 crore.
Deposits grew 7.36 percent YoY to ₹288,919.58 crore, and net advances increased 6.23 percent YoY to ₹2,446.57 crore. The bank’s overall business expanded 6.84 percent to ₹533,576.64 crore.
Expenses for the quarter climbed 3 percent to ₹6,180 crore, compared with ₹5,975.87 crore a year earlier.
“We’re seeing the fruits of the strategic changes we’s made over the past year,” said KVS Manian, managing director and chief executive officer. “Our CASA franchise continues to grow steadily, proving the trust our customers place in us. We’re also expanding our mid‑yield portfolio carefully and deliberately.”
Source: ianslive
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