federal bank q1

Federal Bank Q1 Results: Net profit rises 42% YoY to Rs 854 crore; NII up 20%

by
Federal Bank Q1 Results: Net profit rises 42% YoY to Rs 854 crore; NII up 20%

Federal Bank reported a standalone net profit of Rs 854 crore for the quarter ended June on Thursday, rising 42% compared to the company’s Rs 601 crore-Q1 profit of the previous year. The net interest income (NII) for the first quarter rose nearly 20% to Rs 1,919 crore. It was Rs 1,605 crore in the … Read more

Brokerages remain bullish on Jhunjhunwala’s largest banking bet, see up to 44% upside

by
Brokerages remain bullish on Jhunjhunwala’s largest banking bet, see up to 44% upside

Domestic brokerages remain bullish on the , Rakesh Jhunjhunwala‘s largest banking bet, after a strong performance in the June quarter. The private lender, which had announced its earnings on Friday, reported a 63.53 per cent year-on-year (YoY) rise in net profit at Rs 600.66 crore compared with Rs 367.29 crore in the same quarter last … Read more