Fed Bank NII down 6%

Private sector lender Federal Bank reported 5.81 per cent decline at Rs 497.35 crore in its net interest income for the quarter ended December 31, 2012 compared to the same period last year.

The operating profit also fell 5.92 per cent, from Rs 418.72 crore in Q3, 2011-12, to Rs 393.94 crore in Q3, 2012-13.

Net profit was up 4.41 per cent at Rs 210.78 crore, due to 15.54 per cent decline in provision for the quarter ended December 31, 2012 at Rs 183.16 crore, compared to Rs 216.85 crore in Q3, 2011-12.

Total income was up 7.53 per cent at Rs 1,725.62 crore for the quarter ended December 31, 2012 on a Y-o-Y basis.

Deposits stood at Rs 46,742.46 crore as of December 31, 2012, up 13.95 per cent and advances at Rs 39,494.03 crore were 18.94 per cent on Y-o-Y basis.
Net NPA was 0.92 per cent and CAR 14.92 per cent as on December 31, 2012.

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