<p>Private sector lender Federal Bank on Friday reported a nearly 55 per cent jump in its consolidated net profit at Rs 488 crore for the second quarter of this fiscal ended September 30.</p>.<p>The bank had posted a net profit of Rs 315.70 crore in the year-ago period.</p>.<p>Total income (consolidated) during the July-September period of 2021-22, however, was down at Rs 4,013.46 crore, as against Rs 4,071.35 crore in the same period of 2020-21, Federal Bank said in a regulatory filing.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/spirits-group-remys-q2-sales-beat-forecasts-eyes-exceptional-h1-profit-growth-1043016.html" target="_blank">Spirits group Remy's Q2 sales beat forecasts, eyes 'exceptional' H1 profit growth</a></strong></p>.<p>The bank's asset quality showed an impairment with the gross non-performing assets (NPAs or bad loans) rising to 3.22 per cent of the gross advances as of September 30, 2021, from 2.80 per cent in the year-ago period.</p>.<p>Likewise, the net NPAs were also higher at 1.15 per cent as against 0.99 per cent.</p>.<p>In absolute value, the gross NPAs stood at Rs 4,558.19 crore by the end of September 2021 quarter, up from Rs 3,591.72 crore in the corresponding period a year ago.</p>.<p>The value of net NPAs was at Rs 1,595.78 crore, up from Rs 1,249.85 crore.</p>.<p>Provisions for bad loans and contingencies for the reported quarter came down to Rs 264.53 crore, from Rs 565.46 crore in the year-ago quarter.</p>.<p>Shares of Federal Bank were trading at Rs 100.80 apiece on BSE, up 4.40 per cent from the previous close.</p>.<p><strong>Check out the latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>
<p>Private sector lender Federal Bank on Friday reported a nearly 55 per cent jump in its consolidated net profit at Rs 488 crore for the second quarter of this fiscal ended September 30.</p>.<p>The bank had posted a net profit of Rs 315.70 crore in the year-ago period.</p>.<p>Total income (consolidated) during the July-September period of 2021-22, however, was down at Rs 4,013.46 crore, as against Rs 4,071.35 crore in the same period of 2020-21, Federal Bank said in a regulatory filing.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/spirits-group-remys-q2-sales-beat-forecasts-eyes-exceptional-h1-profit-growth-1043016.html" target="_blank">Spirits group Remy's Q2 sales beat forecasts, eyes 'exceptional' H1 profit growth</a></strong></p>.<p>The bank's asset quality showed an impairment with the gross non-performing assets (NPAs or bad loans) rising to 3.22 per cent of the gross advances as of September 30, 2021, from 2.80 per cent in the year-ago period.</p>.<p>Likewise, the net NPAs were also higher at 1.15 per cent as against 0.99 per cent.</p>.<p>In absolute value, the gross NPAs stood at Rs 4,558.19 crore by the end of September 2021 quarter, up from Rs 3,591.72 crore in the corresponding period a year ago.</p>.<p>The value of net NPAs was at Rs 1,595.78 crore, up from Rs 1,249.85 crore.</p>.<p>Provisions for bad loans and contingencies for the reported quarter came down to Rs 264.53 crore, from Rs 565.46 crore in the year-ago quarter.</p>.<p>Shares of Federal Bank were trading at Rs 100.80 apiece on BSE, up 4.40 per cent from the previous close.</p>.<p><strong>Check out the latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>