Federal Bank reported its highest-ever quarterly net profit of ₹1,145 crore, up 10% sequentially, driven by strong NII growth and record fee income.
The bank achieved significant milestones with both CASA and NRI deposits crossing ₹1 lakh crore each, while improving its CASA ratio to 32.94%.
Asset quality remained strong with GNPA at 1.62% and NNPA at 0.37%, both at decade-best levels, while ROA improved to 1.24%.
Management outlined continued focus on calibrated growth in chosen segments, maintaining credit cost guidance of 50-60 bps despite global uncertainties.