Business EconomyPosted at: Jul 17 2026 6:38PM


Federal Bank records 37pc surge in Q1FY27 profits to Rs 1,176.93 cr Y-o-Y

New Delhi, Jul 17 (UNI) Federal Bank, India’s private sector bank, on Friday reported net profit of Rs 1,176.93 crore for Q1FY27, which is 36. 57 per cent surge over the corresponding period last year (CPLY), the Bank's statement said here.
According to the statement, this quarter was defined by the strength of the Bank’s core franchise, with net interest income and fee income growing 26.06 and 21.71pc respectively.
The Bank said that treasury income remains subdued through a volatile market period.
Commenting on this performance, KVS Manian, Managing Director and CEO of Federal Bank, said, “ This quarter demonstrates something important about the franchise we have been building. Our profit grew nearly 37pc in a period when treasury had a challenging period, which tells you that the earnings are coming from the core business, not from market gains.”
He noted that net interest income is growing 26pc against advances growth of 15pc. It shows the expansion in Net Interest Margins (NIMs).
“Our net NPA at 0.18pc is the lowest in the Bank's recent history, and simultaneously and provision coverage ratio stands at 87pc. We are building a resilient balance sheet through a combination of lower credit cost and a strong buffer out of our current earnings,” he added.
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