Net interest income (NII) remained flat at Rs 1,418 crore in the first quarter as compared with Rs 1,420 crore in the same period last year. Net interest margin (NIM) was at 3.15% as on 30 June 2021 as against 3.23% as on 30 June 2020.
Operating profit jumped 28% to Rs 1,135 crore in Q1 FY22 from Rs 885 crore in Q1 FY21.
Total provisions increased by 89% to Rs 768 crore in Q1 FY22 from Rs 407 crore in Q1 FY21.
The bank's gross non-performing assets (NPAs) stood at Rs 4,649.33 crore as on 30 June 2021 as against Rs 4,602.39 crore as on 31 March 2021 and Rs 3,655.59 crore as on 30 June 2020.
The ratio of gross NPAs stood at 3.50% as on 30 June 2021 as against 3.41% as on 31 March 2021 and 2.96% as on 30 June 2020.
The ratio of net NPAs stood at 1.23% as on 30 June 2021 as against 1.19% as on 31 March 2021 and 1.22% as on 30 June 2020.
Federal Bank operates through four segments: treasury, corporate or wholesale banking, retail banking and other banking operations.
The scrip rose 1.72% to currently trade at Rs 85.70 on the BSE.
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Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits. Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns. Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices. At times, the holdings of customers are sold at prices detrimental to the customer.
The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
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The following illicit activities by the persons named herein have come to the notice of Stock Exchanges: