Federal Bank Q2 profit jumps 45% to record Rs 1,386 crore

Federal Bank reported a record profit of Rs 1,386 crore in the second quarter, up 45% year-on-year. The bank's net interest income climbed 26%, while advances grew 22% and deposits 19%. Asset quality improved, with gross non-performing assets (NPAs) declining to 1.32% during the quarter.