Federal Bank Q1 Profit Surges 36.57% to ₹1,177 Cr

Federal Bank reported a record quarterly profit of ₹1,176.93 crore for Q1 FY27, a 36.57% year-on-year increase. Net interest income grew by 26.06% to ₹2,945.89 crore, and net interest margin (NIM) expanded by 39 basis points to 3.33%. Asset quality improved significantly, with Net NPA at a decadal low of 0.18% and Gross NPA at 1.52%. Total business reached nearly ₹6 lakh crore, with deposits up 11.37% and advances up 14.94%. CASA balances grew 18.26%, and the CASA ratio improved to 32.23%. The bank also saw strong growth in chosen segments like Commercial Banking and Credit Cards. Cost-to-Income ratio improved to 52.50%.