Federal Bank Q1

Its net profit for the quarter under review rose to Rs 400.77 crore compared to a net profit of Rs 384.21 crore in Q1FY20

With 18 per cent growth in net interest income (Rs 1,154 crore) and 46 per cent net profit growth year-on-year (YoY) to Rs 384 crore, the numbers suggest there is little cause for worry

It earned Rs 3,229.30 crore as interest income in the June quarter of this financial year

The stock moved higher by 13% to Rs 83.90 on the BSE in noon deal after the private sector lender said gross NPA in June quarter remain stable at 3% as compared to March quarter.