Federal Bank becomes 6th largest private bank
Federal Bank announced 8.58% YoY growth in total business to INR528,641 Cr in Q1 FY26, making it the 6th largest private sector bank. Net profit stood at INR862 Cr, with operating profit at INR1,556 Cr, up 4% YoY.
Other income surged 22% YoY to INR1,113 Cr, hitting a new high. Net advances grew 9.24% YoY to INR241,204 Cr, with commercial banking up 30.28% YoY and retail advances rising 15.64% YoY.
Total deposits increased 8.03% YoY to INR287,436 Cr. Asset quality remained stable with GNPA at 1.91% and NNPA at 0.48%.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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