Federal Bank Q2 profit surges 45 pc to record Rs 1,386 crore; NPAs hit decade lows

Kochi, Oct 16 (UNI) Federal Bank has reported its highest-ever quarterly net profit of Rs1,386.09 crore for the second quarter ended September 30, 2026, registering a 45.10 per cent increase year-on-year, supported by strong core earnings, improved margins and better asset quality. The bank's total business crossed Rs6.4 lakh crore, up 20.12 per cent from a year ago, while gross advances surpassed Rs3 lakh crore to reach Rs3,01,687.80 crore, marking a 21.66 per cent growth. Total deposits rose 18.61 per cent to Rs3,42,693.56 crore. Net interest income (NII), the difference between interest earned and interest paid, increased 26.38 per cent…