The bank is in the process of launching a search since the Reserve Bank of India advised it to submit new names of new candidates responding to the bank s request for a one year extension for Srinivasan.
Federal Bank FY21 net profit rises 3% to Rs 1,590 crore
For January-March quarter, the bank reported its highest ever quarterly net profit of Rs 448 crore, 58.60 per cent higher than that in the corresponding period of previous year.
BusinessToday.In | May 17, 2021 | Updated 22:23 IST
Federal Bank s gross non-performing assets (NPA) stood at Rs 4,602 crore as of March 31, while net NPA stood at Rs 1,569 crore.
Federal Bank on Monday reported a 3.08 per cent year-on-year increase in net profit at Rs 1,590 crore for fiscal year ended March 2021.
The bank s net interest income (NII) grew 19.03 per cent to Rs 5,534 crore, while net interest margin (NIM) stood at 3.16 per cent.