Federal Bank has registered an 18.33-per cent growth in its net profit at ₹167.31 crore in the first quarter of the current fiscal against ₹141 crore in the corresponding year-ago quarter. The operating profit stood at ₹425.86 crore, up from ₹367.21 crore in Q1 FY16.
The total business registered a year-on-year growth of 15.25 per cent to reach ₹1.40-lakh crore, while total deposits rose 12.47 per cent to ₹81,132 crore. Total advances grew 19.30 per cent to ₹59,118 crore. Current account and savings account (CASA) deposits grew 18 per cent to ₹26,635 crore. CASA, as a percentage of total deposits, increased to 32.83 (31.26 in the corresponding period last year). NRE deposits rose 24.54 per cent to ₹32,121 crore, a release said.
On the asset side, while SME (small and medium enterprise) advances registered a growth of 17.79 per cent to ₹15,325 crore, large corporate advances rose 36.77 per cent to ₹20,693 crore.
While the net income grew 16.40 per cent to ₹929.72 crore, other income rose 22.48 per cent to ₹237.54 crore in Q1 FY17.
Net interest income grew 14.45 per cent to ₹692 crore. Net interest margin stood at 3.28 per cent. The gross NPA (non-performing asset) stood at ₹1,747 crore, which, as a percentage of gross advances came to 2.92. The net NPA was ₹994.50 crore, and as a percentage of net advances it was 1.68.
The capital adequacy ratio, computed according to Basel-III guidelines, stood at 13.59 per cent.