BUSINESS

Federal Bank reports Rs 266 cr net profit in Q2

Federal Bank reports

Rs. 266 crore net in Q2

Federal Bank reported a marginal increase in net profit at Rs. 266.04 crore for the September quarter on an annual basis. It had posted a net profit of Rs. 263.7 crore in the July-September quarter of 2017-18. Total income stood at Rs. 3,087.81 crore in the second quarter as against Rs. 2,666.82 crore in the year-ago period. Gross NPA widened to 3.11% of its assets as against 2.39% in the second quarter of the last fiscal.PTI

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