Mumbai, May 2 -- Federal Bank reported a net profit of Rs 906.30 crore for the quarter ended March 31, 2024.

Sequentially, the net profit fell 10 percent from Rs 1,007 crore in Q3FY24.

One of the significant highlights of the quarter was the bank achieving its highest-ever Net Interest Income (NII), which witnessed a notable increase of 14.97% to reach Rs 2195.11 crore.

Operating Profit also showed a healthy growth trajectory, reaching Rs. 1,110.35 crore during the quarter. The Return on Assets (ROA) for the quarter stood at 1.22%, reflecting the banks efficient utilization of its assets, while the Return on Equity (ROE) stood at 12.75%, indicating sound returns for the banks shareholders.

The bank reported that its total business rea...