Federal Bank Q2 FY27: Net profit hits best-ever ₹1,386 cr as deposits grow 19% YoY to ₹3,42,694 cr
Q2 FY27 net profit a best-ever ₹1,386 cr, NII ₹3,153 cr, fee and non-fee income ₹1,490 cr; deposits up 19% YoY.
By ScoutQuest · · 1 min read
- Q2 FY27 net profit
- ₹1,386 cr against ₹955 cr a year earlier, marked best ever
- Net interest income
- ₹3,153 cr
- Deposits
- ₹3,42,694 cr, which the bank says is 19% YoY growth
- Period
- Q2 FY27
- Positioning
- Federal Bank presents itself as a private sector bank with a ₹4,26,927 cr balance sheet, a 21.67% remittance market share and a 60.6%-owned NBFC subsidiary.
📈 Q2 FY27 net profit was ₹1,386 cr against ₹955 cr a year earlier, marked best ever; net interest income was ₹3,153 cr and operating profit ₹2,225 cr. Fee and non-fee income reached a best-ever ₹1,490 cr, with fee income of ₹1,168 cr.
📌 Deposits rose to ₹3,42,694 cr, which the bank says is 19% YoY growth, and CASA reached ₹1,09,803 cr at a 32.04% ratio. NR deposits of ₹1,19,056 cr include ₹14,922 cr of FCNR deposits mobilised in a special window. Advances stood at ₹2,98,226 cr.
📌 The company says its retail lines grew sequentially, with LAP up 11% QoQ and gold loans, BuB and credit cards each up 7% QoQ. Subsidiary Fedbank Financial Services reports AUM up 36.6% YoY to ₹22,035 Cr.
🔬 Management lists digital launches, including Novus digital account opening, WhatsApp banking, UPI Tap & Pay and multicurrency remittances, plus fintech partnerships, as its route to reach. The presentation sets ESG targets such as a ₹13,000 Cr green portfolio and 20.00 Lakh women entrepreneurs financed by March 2030.
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More numbers
- Net profit, Q2 FY271,386 (₹ in cr)
- Net interest income, Q2 FY273,153 (₹ in cr)
- Operating profit, Q2 FY272,225 (₹ in cr)
- Fee and non-fee income, Q2 FY271,490 (₹ in cr)
- Deposits, Q2 FY273,42,694 (₹ in cr)
- Deposit YoY growth, Q2 FY2719%
- CASA ratio, Q2 FY2732.04
- Remittance market share, Q1 FY2721.67
- Advances, Sep-262,98,226 (₹ in Cr)
- Total balance sheet, Sep-264,26,927 (₹ in Cr)
- Fedbank Financial Services AUM, Q2 FY27₹22,035 Cr
- Green portfolio, Sep-26₹ 11,131 Cr
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