Total income during the said period rose by 9 per cent to Rs 3,997 crore as against Rs 3,675 crore in the same quarter of 2019-20, Federal Bank said in a regulatory filing. Interest income grew 7 per cent to Rs 3,488 crore from Rs 3,254 crore.
Its gross non-performing assets (NPAs) fell to 2.84 per cent of the gross advances by end of September 2020 as against 3.07 per cent a year ago. In value terms, it stood at Rs 3,552.19 crore as against Rs 3,612.11 crore. Net NPAs came down to 0.99 per cent (Rs 1,218.14 crore) as against 1.59 per cent (Rs 1,843.64 crore).
Bank's provisions for bad loans and contingencies were raised to Rs 592.06 crore for the quarter ended September as against Rs 251.77 crore parked aside for the corresponding period a year ago. Federal Bank's shares were trading 0.10 per cent down at Rs 51.70 apiece on the BSE.