Federal Bank registered a profit of Rs.215.10 crore during the second quarter of 2012-13 against Rs.191.16 crore in the year-ago period, a growth of 12.52 per cent. The bank also improved its half-yearly profit numbers with a net profit of Rs.405.45 crore against Rs.337.32 crore in the corresponding period in the previous year, a growth of 20 per cent.
Total income for the second quarter moved up by 12.14 per cent on a year-on-year basis to Rs.1,665.04 crore from Rs.1,484.79 crore. Interest earned increased by 11.54 per cent to Rs.1,525.63 crore from Rs.1,367.83 crore.
Net interest margin stood at 3.58 per cent.
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Total business of the bank reached Rs.85,817.25 crore. Total deposits increased to Rs.49,518.07 crore as on September 30, 2012. NRI deposits were higher by 39.26 per cent at Rs.13,119.66 crore. Retail deposits grew by 18.64 per cent to Rs.43,690.40 crore.