Federal Bank Ltd. reported Q4 web revenue nearly remained flat at ₹906.30 crore towards ₹902.61 crore within the yr in the past interval.
For the quarter ended 31 March, the financial institution’s Net Interest Income grew14.97% to ₹2195.11 crore.
The Board advisable a dividend of ₹1.2 per fairness share with a face worth of ₹2 for FY24.
In FY24, the financial institution’s complete enterprise grew 19.11% YoY to ₹4,61,937.36 crore.
Net advances rose to ₹209403.34 crore and complete deposits grew 18.35% to ₹2,52,534.02 crore.
Total revenue of the financial institution for the quarter grew by 23.42% to ₹6,732.23 crore.
Gross Non-Performing Assets of the financial institution at the tip of Q4 FY24 stood at ₹4,528.87 crore which as a share to Gross Advances stood at 2.13%.
The Net NPA as a share to Net Advances as on 31 March stood at ₹1,255.33 crore and 0.60% respectively.
Provision Coverage Ratio excluding Technical Write Off was 71.08%.
