{"id":7369,"date":"2017-10-17T11:44:12","date_gmt":"2017-10-17T11:44:12","guid":{"rendered":"http:\/\/faceinews.com\/?p=7369"},"modified":"2017-10-17T11:44:12","modified_gmt":"2017-10-17T11:44:12","slug":"federal-bank-delivers-highest-ever-operating-profit-at-rs-583-cr","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=7369","title":{"rendered":"Federal Bank delivers highest ever operating profit at Rs. 583 Cr"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/10\/Federal-Bank-Logo.jpg\" rel=\"attachment wp-att-7370\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7370\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/10\/Federal-Bank-Logo.jpg\" alt=\"Federal Bank Logo\" width=\"1100\" height=\"400\" srcset=\"https:\/\/www.faceinews.com\/wp-content\/uploads\/2017\/10\/Federal-Bank-Logo.jpg 1100w, https:\/\/www.faceinews.com\/wp-content\/uploads\/2017\/10\/Federal-Bank-Logo-300x109.jpg 300w, https:\/\/www.faceinews.com\/wp-content\/uploads\/2017\/10\/Federal-Bank-Logo-768x279.jpg 768w, https:\/\/www.faceinews.com\/wp-content\/uploads\/2017\/10\/Federal-Bank-Logo-1024x372.jpg 1024w\" sizes=\"auto, (max-width: 1100px) 100vw, 1100px\" \/><\/a><\/strong><\/p>\n<p><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/09\/Faceinews-Logo-Copy.png\" rel=\"attachment wp-att-7119\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-7119 size-full\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/09\/Faceinews-Logo-Copy.png\" alt=\"Faceinews Logo - Copy\" width=\"173\" height=\"43\" \/><\/a><\/p>\n<p><strong>Chennai, October 17, 2017:<\/strong>Federal Bank announced the Un audited Financial Results for the quarter ended 30<sup>th<\/sup> September 2017. The key highlights of the results on a Y-o-Y basis are as follows:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Net profit grows by 31%,at Rs.264 Cr<\/li>\n<li>Total Business increases by 17.80%<\/li>\n<li>Asset quality improves significantly, GNPA at 2.39% &amp; NNPA at 1.32%<\/li>\n<li>Retail deposits grow by 16%<\/li>\n<li>NRE Deposits increases by 17.86%<\/li>\n<li>CASA grows by 19.52%<\/li>\n<li>Total Advances increases by 24.54%<\/li>\n<li>Retail Advances grows by 16.51%<\/li>\n<li>Wholesale Advances grows 35.63%<\/li>\n<\/ul>\n<p><strong><u>WORKING RESULTS AT A GLANCE<\/u><\/strong><\/p>\n<p>(Rs.in Crore)<\/p>\n<table width=\"382\">\n<tbody>\n<tr>\n<td width=\"138\"><strong>Particulars<\/strong><\/td>\n<td width=\"78\"><strong>Q2<\/strong><\/td>\n<td width=\"78\"><strong>Q2<\/strong><\/td>\n<td rowspan=\"2\" width=\"88\"><strong>% y-o-y growth<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"138\">&nbsp;<\/td>\n<td width=\"78\"><strong>2017-18<\/strong><\/td>\n<td width=\"78\"><strong>2016-17<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"138\">Net Interest Income<\/td>\n<td width=\"78\">898.91<\/td>\n<td width=\"78\">726.18<\/td>\n<td width=\"88\">\u00e923.79%<\/td>\n<\/tr>\n<tr>\n<td width=\"138\">Net Total Income<\/td>\n<td width=\"78\">1186.13<\/td>\n<td width=\"78\">998.26<\/td>\n<td width=\"88\">\u00e918.82%<\/td>\n<\/tr>\n<tr>\n<td width=\"138\">Operating Profit<\/td>\n<td width=\"78\">583.20<\/td>\n<td width=\"78\">474.93<\/td>\n<td width=\"88\">\u00e922.80%<\/td>\n<\/tr>\n<tr>\n<td width=\"138\">Net Profit<\/td>\n<td width=\"78\">263.70<\/td>\n<td width=\"78\">201.24<\/td>\n<td width=\"88\">\u00e931.04%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Balance Sheet<\/strong><\/p>\n<p>The Total Business of the Bank registered a Y-o-Y growth of 17.80% to reach Rs. 177856.63 Cr as on 30<sup>th<\/sup> September 2017, backed by a solid growth of 24.54% in gross advances. Total Advances grew from Rs.65439.31 Cr to Rs.81496.54 Cr. The Total Deposits increased from Rs.86299.10 Cr to Rs. 97210.75 as on 30<sup>th<\/sup> September 2017, registering a growth of 12.64%.<\/p>\n<p>NRE Deposits of the Bank registered a 17.86% growth from Rs.32459.20 Cr to Rs.38255.82 Cr. CASA Deposits grew by 19.52 % Y-o-Y to reach Rs. 32015.57 Cr.<\/p>\n<p>On the Asset side, wholesale advances grew by 35.63% to reach Rs.32175.41 Cr. Retail Advances clocked a growth of 16.51%. SME Advances grew by 18.02% from Rs.14955.28 Cr to Rs.17650.78 Cr as on 30<sup>th<\/sup> September 2017. Housing Loan registered a Y-o-Y growth of 20.71% from Rs.8350.60 Cr to Rs.10080.22.<\/p>\n<p><strong>Operating Profit &amp; Net Profit <\/strong><\/p>\n<p>The Bank registered an Operating Profit of Rs.583.20 Cr. and a Net Profit of Rs. 263.70 Cr. for the quarter ended 30<sup>th<\/sup> September 2017. Net profit grows by 31.04% as compared to the corresponding quarter last year. The Operating Profit and Net Profit for the half year ended 30<sup>th<\/sup> September 2017 stood at Rs. 1141.06 Cr and Rs.473.85 Cr respectively.<\/p>\n<p><strong>Margins<\/strong><\/p>\n<p>The Bank earned a Net Interest Income of Rs.898.91 Cr for the quarter ended 30<sup>th<\/sup> September 2017. Net Interest Margin stood at 3.31% as on 30<sup>th<\/sup> September 2017.<\/p>\n<p><strong>\u00a0<\/strong><strong>Asset Quality<\/strong><\/p>\n<p>The Gross NPA of the Bank as at the end of Q2FY18 stood at Rs.1948.97Cr, which as a percentage to Gross Advances stood at 2.39%. The Net NPA and the Net NPA as a percentage to Net Advances as on 30<sup>th<\/sup> September 2017 stood at Rs.1066.38Cr and 1.32% respectively. The Provision Coverage Ratio (including technical write-offs) is 70.32%.<\/p>\n<p><strong>\u00a0<\/strong><strong>NET WORTH &amp; CAPITAL ADEQUACY<\/strong><\/p>\n<p>The Net worth of the bank increased from Rs.8366.91Cr to Rs.11647.32Cr, as on 30<sup>th<\/sup> September 2017. The Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines stood at 14.63% as at the end of the quarter.<\/p>\n<p><strong>Footprint<\/strong><\/p>\n<p>The Bank has 1252 branches and 1678 ATMs as on 30<sup>th<\/sup> September 2017.<\/p>\n<p><strong><u>Q2FY17 Vs Q2FY18<\/u><\/strong><\/p>\n<ul>\n<li>Total Deposits increased by 12.64% from Rs.86299.10 Cr to Rs.75.<\/li>\n<li>Savings deposits grew by 21.15% to reach Rs.27155.49 Cr<\/li>\n<li>CASA grew by 19.52% to reach Rs.32015.57 Cr<\/li>\n<li>CASA ratio at 32.93%<strong>.<\/strong><\/li>\n<li>NRE deposits grew by 17.86% to reach Rs.38255.82 Cr.<\/li>\n<li>Advances increased by 24.54% from Rs.65439.31 Cr to Rs.81496.54.<\/li>\n<li>Wholesale Advances increased by 35.63% from Rs.23721.58 to Rs.32175.41 Cr.<\/li>\n<li>Retail advances grows by 16.51% to reach Rs.23255.62 Cr.<\/li>\n<li>SME Advances registered a growth of 18.02% to reach Rs.17650.78 Cr.<\/li>\n<li>Investments stood at Rs.26317.50 Cr.<\/li>\n<li>Book Value per share increased to Rs.59.59 from Rs.48.63.<\/li>\n<\/ul>\n<p><strong><u>MAJOR FINANCIAL INDICATORS (Standalone nos.)<\/u><\/strong><\/p>\n<p>(Rs. in Crore)<\/p>\n<table width=\"584\">\n<tbody>\n<tr>\n<td width=\"160\"><strong>Business Figures<\/strong><\/td>\n<td width=\"160\"><strong>As on 30.9.2017<\/strong><\/td>\n<td width=\"160\"><strong>As on 30.9.2016<\/strong><\/td>\n<td width=\"105\"><strong>Growth (%)<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"160\">Total Deposits<\/td>\n<td width=\"160\">97210.75<\/td>\n<td width=\"160\">86299.10<\/td>\n<td width=\"105\">\u00e912.64%<\/td>\n<\/tr>\n<tr>\n<td width=\"160\">SB &amp; Demand Deposits<\/td>\n<td width=\"160\">32625.23<\/td>\n<td width=\"160\">27405.87<\/td>\n<td width=\"105\">\u00e919.04%<\/td>\n<\/tr>\n<tr>\n<td width=\"160\">Gross Advances<\/td>\n<td width=\"160\">81496.54<\/td>\n<td width=\"160\">65439.31<\/td>\n<td width=\"105\">\u00e924.54%<\/td>\n<\/tr>\n<tr>\n<td width=\"160\">Retail Advances<\/td>\n<td width=\"160\">23255.62<\/td>\n<td width=\"160\">19960.14<\/td>\n<td width=\"105\">\u00e916.51%<\/td>\n<\/tr>\n<tr>\n<td width=\"160\">SME Advances<\/td>\n<td width=\"160\">17650.78<\/td>\n<td width=\"160\">14955.28<\/td>\n<td width=\"105\">\u00e918.02%<\/td>\n<\/tr>\n<tr>\n<td width=\"160\">Agri Advances<\/td>\n<td width=\"160\">8414.73<\/td>\n<td width=\"160\">6802.30<\/td>\n<td width=\"105\">\u00e923.70%<\/td>\n<\/tr>\n<tr>\n<td width=\"160\"><strong>Capital<\/strong><\/td>\n<td width=\"160\">&nbsp;<\/td>\n<td width=\"160\">&nbsp;<\/td>\n<td width=\"105\"><strong><u>\u00a0<\/u><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"160\">Equity Capital<\/td>\n<td width=\"160\">390.91<\/td>\n<td width=\"160\">344.10<\/td>\n<td width=\"105\"><strong><u>\u00a0<\/u><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"160\">Net Worth<\/td>\n<td width=\"160\">11647.32<\/td>\n<td width=\"160\">8366.91<\/td>\n<td width=\"105\">\u00e939.21%<\/td>\n<\/tr>\n<tr>\n<td width=\"160\">Capital Adequacy (%)<\/td>\n<td width=\"160\">14.63<\/td>\n<td width=\"160\">12.85<\/td>\n<td width=\"105\"><strong><u>\u00a0<\/u><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"160\">Tier I (%)<\/td>\n<td width=\"160\">14.09<\/td>\n<td width=\"160\">12.22<\/td>\n<td width=\"105\"><strong><u>\u00a0<\/u><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"160\">Tier II (%)<\/td>\n<td width=\"160\">0.54<\/td>\n<td width=\"160\">0.63<\/td>\n<td width=\"105\"><strong><u>\u00a0<\/u><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>About Federal Bank:<\/strong><\/p>\n<p>Federal Bank is a leading Private Sector Bank with a branch network of 1,252 branches and 1,667 ATMs spread across the country. The Bank\u2019s total business mix (deposits + advances) stands at Rs 1.71 Lakh Crore as at March 31, 2017 and it has earned a net profit of Rs 830.79 Crore.\u00a0 Bank\u2019s Capital to Risk weighted Ratio (CRAR) stood at 12.39% at the end of March 31, 2017.\u00a0 Federal Bank has its Representative Office at Dubai and Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City).Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well defined vision for the future as a guidepost to its progress. During FY 17 the bank handled around 15 % of the total personal inward remittance to India.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Chennai, October 17, 2017:Federal Bank announced the Un audited Financial Results for the quarter ended 30th September 2017. The key highlights of the results on a Y-o-Y basis are as follows: &nbsp; Net profit grows by 31%,at Rs.264 Cr Total Business increases by 17.80% Asset quality improves significantly, GNPA at 2.39% &amp; NNPA at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7370,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-7369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/7369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7369"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/7369\/revisions"}],"predecessor-version":[{"id":7371,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/7369\/revisions\/7371"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/7370"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}