Federal Bank net jumps 26% on core income rise,lower bad loans

Private sector lender Federal Bank today reported a healthy set of numbers with a 25.6 per cent rise in net profit at Rs 210.15 crore for three months to June on higher core income and improvement in asset quality.

Shyam Srinivasan, the managing director and chief executive of the Kochi-based lender, termed the results as "a healthy continuation of the turnaround the bank has scripted since the past few quarters with around improvement in business with an over 29 per cent rise in advances a massive improvement in asset quality."

In a post-earnings concall he told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)