 "Federal Bank Q1 net up 25.6% at Rs 210.15 cr on robust operations")
Federal Bank reported a 25.6 per cent rise in net profit during the quarter ended June 30, 2017, to Rs 210.15 crore, against Rs 167.31 crore in the year-ago period. The bank's total income rose to Rs 2,653.19 crore year-on-year (y-o-y) from Rs 2,263.84 crore.
Shyam Srinivasan, managing director & chief executive officer (CEO), Federal Bank, said the quarter saw one of the best operational performances. There were only one or two large accounts that slipped during the quarter, in line with the guidance.
"We are quite pleased with the outcome. It is a good operating performance... growth was strong at 29
