Federal Bank Q2 2023 Results

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Net Profit jumped by 35.54% Y-o-Y · Total Deposits rose by 23.12% · Net Advances rose by 19.58%

Performance Highlights

· In Q2 FY’24, total business reached ₹4,25,685.12 Cr · In Q2, Federal Bank’s net profit was at ₹953.82 Cr · Operating Profit stands at ₹1324.45 Cr · ROA & ROE for Q2 were at 1.36%, and 15.72%, respectively

Highest-Ever Net Profit Growth Registered

For Q2 FY’24, Federal Bank has registered an Operating Profit of ₹1324.45 Cr and a Net Profit of ₹953.82 Cr. A remarkable growth of 9.26% on a YoY basis.

CEO & MD of the Bank Announces

· Q2 results are a result of many initiatives led by the bank, resulting in high profits. · Federal Bank has delivered on its commitments helping it to come closer to achieving the status of the “Most Admired Bank”