Federal Bank Released Quarterly Result Gets Profit Of 13.2 Percent Know Details

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Federal Bank Released Quarterly Result Gets Profit Of 13.2 Percent Know Details

Federal Bank Q4 Result: Federal Bank, the country’s largest private sector bank, has released the results for the last quarter of its financial year 2021-2022 (Federal Bank Q4 Result). The bank has told that its profit has increased by 13.2 percent. In such a situation, the bank has got a total profit of Rs 541 crore. Earlier, in the last quarter in the financial year 2020-2021, this profit was about Rs 478 crore.

Profits increased in FY 2021-2022
Let us tell you that according to the data released by the bank, this year the bank has earned a total of Rs 15,749 crore. At the same time, in the last financial year 2020-2021, the bank earned Rs 15,716 crore. Along with this, the annual profit of the bank was Rs 1590 crore in the financial year 2020-2021, which has now increased to Rs 1889 crore. In such a situation, the bank has got a profit of 18.80 percent on an annual basis.

Along with this, there has also been a decline in the NPA of the bank. This year’s NPA has been around Rs 4136.74 crore. Whereas last year the NPA here was Rs 4602.39 crore. Along with this, there has also been a decline in Net NPA. Last year the Net NPA was around 1.19 percent which has come down to only 0.92 percent this year.

Canara Bank also made tremendous profit
Along with this, Canara Bank has also released its quarterly results yesterday. The bank has made a profit of about Rs 1666.2 crore in the January to March quarter. It has been about 64.80 percent more than last year. There has also been a big improvement in the NPA of the bank. The NPA percentage of the bank has come down from 7.80 to 7.51. At the same time, the net NPA percentage has also come down from 2.86 to 2.65 percent.

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