17th October 2023, New Delhi: Federal Bank announced the Financial Results for the quarter ended 30th September 2023. The key highlights of the results on a Y-o-Y basis are as follows:

  • Total Business of the Bank reached Rs 425685.12 Cr
  • Net Profit highest ever @ Rs 953.82 Cr, grew 35.54 %
  • Operating Profit highest ever @ Rs 1324.45 Cr
  • ROA for Q2 stood at 1.36% and ROE stood at 15.72%
  • GNPA and NNPA brought down to 2.26% and 0.64% respectively
  • Total Deposits increased by 23.12%
  • Total Net Advances increased by 19.58%
  • Highest ever Net Interest Income at ₹ 2056.42 Cr, grew by 16.72%


(Rs.in Cr)

ParticularsQ2Q2% y-o-ygrowth
Net Profit953.82703.71é35.54%
Total Income6185.704630.30é33.59%
Operating Profit1324.451212.24é9.26%
Net Interest Income2056.421761.83é16.72%
Total Business425685.12350386.03é21.49%

Strong Growth – Resilient Balance Sheet Performance

Total Business of the Bank reached Rs. 425685.12Cr registering a growth of 21.49% as on 30th September 2023. Total Deposits increased from Rs.189145.71 Cr as on 30th September 2022 to Rs. 232868.43 Cr as on 30th September 2023. On the Asset side, Net advances increased from Rs 161240.32 Cr as on 30th September 2022 to Rs. 192816.69 Cr on 30th September 2023. Retail Advances grew by 18.05% to reach Rs. 62009.00Cr. Business Banking advances grew by 18.16% to reach Rs. 15997.14 Cr. Commercial Banking grew by 23.82% to Rs. 19729.00 Cr. Corporate Advances registered a growth of 14.91%to reach Rs. 68058.63 Cr from Rs. 59228.42 Cr. The CV/ CE advances grew by 66.50% to reach Rs 2734.00 Cr.

Highest Ever Operating Profit& Net Profit Growth

The Bank registered Operating Profit of Rs. 1324.45 Cr and Net Profit of Rs. 953.82 Cr for the quarter ended 30th September 2023. Operating profit recorded a commendable growth of 9.26% on a year-on-year basis.

Remarkable Income Parameters

Net Interest Income grew 16.72 % from Rs. 1761.83 Cr to Rs. 2056.42 Cr as on 30th September 2023. Total income of the Bank grew 33.59% to reach Rs. 6185.70 Cr. Earnings per share (EPS) annualized is Rs 16.57.

Key Ratios

ROA & ROE of the Bank for the quarter stood at 1.36% and 15.72% respectively.

Robust Asset Quality

Gross NPA of the Bank as at the end of Q2 FY23 stood at Rs. 4436.05 Cr, which as a percentage to Gross Advances stood at 2.26%. The Net NPA and Net NPA as a percentage to Net Advancesas on 30th September 2023 stood at Rs. 1229.81 Cr and 0.64% respectively. Provision Coverage Ratio excluding Technical Write Off was71.03%.

NetWorth & CapitalAdequacy

Net worth of the Bank increased from Rs. 19617.82Cr to Rs. 26032.07 Cr, as on 30th September 2023. Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines stood at 15.50% as at the end of the quarter.


The Bank has 1389 branches and 1935 ATMs/ Recyclers as on 30th September 2023.


(Rs. in Cr)

Business FiguresAs on 30.09.2023As on 30.09.2022Growth (%)
Total Deposits232868.43189145.71é23.12%
Net Advances192816.69161240.32é19.58%
CB Advances19729.0015934.04é23.82%
Retail Advances62009.0052527.68é18.05%
Business Banking Advances15997.1413538.86é18.16%
Agri Advances25115.0020325.84é23.56%
Equity Capital470.32421.91 
Net Worth26032.0719617.82é32.70%
Capital Adequacy (%)15.5013.84 
Tier I (%)13.7912.62 
Tier II (%)1.711.22