<p>Private sector lender Federal Bank on Friday reported a 52.89 per cent jump in its standalone net profit for the quarter ended September 2022 at Rs 703.71 crore, aided by fall in provisions for bad loans.</p>.<p>The south-based lender had posted a net profit of Rs 460.26 crore in the year-ago period.</p>.<p>Total income of the bank on the standalone basis during the July-September quarter of 2022-23, rose to Rs 4,630.30 crore from Rs 3,870.90 crore in the same period of 2021-22, Federal Bank said in a regulatory filing.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/wholesale-price-inflation-eases-to-107-in-september-1153477.html" target="_blank">Wholesale price inflation eases to 10.7% in September</a></strong></p>.<p>On the asset quality front, the lender reported an improvement as the gross non-performing assets (NPAs or bad loans) fell to 2.46 per cent of the gross advances as of end-September 2022 from 3.24 per cent by end of September 2021.</p>.<p>In absolute terms, the gross NPAs stood at Rs 4,031.06 crore, as against Rs 4,445.84 crore.</p>.<p>The net NPAs fell to 0.78 per cent (Rs 1,262.35 crore) from 1.12 per cent (Rs 1,502.44 crore).</p>.<p>Provisions for bad loans and contingencies for September 2022 quarter came down to Rs 267.86 crore, as against Rs 292.62 crore parked aside for the year-ago period.</p>.<p>Federal Bank scrip was trading 4.01 per cent higher at Rs 129.80 apiece on BSE.</p>
<p>Private sector lender Federal Bank on Friday reported a 52.89 per cent jump in its standalone net profit for the quarter ended September 2022 at Rs 703.71 crore, aided by fall in provisions for bad loans.</p>.<p>The south-based lender had posted a net profit of Rs 460.26 crore in the year-ago period.</p>.<p>Total income of the bank on the standalone basis during the July-September quarter of 2022-23, rose to Rs 4,630.30 crore from Rs 3,870.90 crore in the same period of 2021-22, Federal Bank said in a regulatory filing.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/wholesale-price-inflation-eases-to-107-in-september-1153477.html" target="_blank">Wholesale price inflation eases to 10.7% in September</a></strong></p>.<p>On the asset quality front, the lender reported an improvement as the gross non-performing assets (NPAs or bad loans) fell to 2.46 per cent of the gross advances as of end-September 2022 from 3.24 per cent by end of September 2021.</p>.<p>In absolute terms, the gross NPAs stood at Rs 4,031.06 crore, as against Rs 4,445.84 crore.</p>.<p>The net NPAs fell to 0.78 per cent (Rs 1,262.35 crore) from 1.12 per cent (Rs 1,502.44 crore).</p>.<p>Provisions for bad loans and contingencies for September 2022 quarter came down to Rs 267.86 crore, as against Rs 292.62 crore parked aside for the year-ago period.</p>.<p>Federal Bank scrip was trading 4.01 per cent higher at Rs 129.80 apiece on BSE.</p>