India's Federal Bank rebounds after second-quarter results

Federal Bank

16/10/2026 09:33

** Federal Bank's FED.NS shares rise 2.1% to 342.05 rupees
** Bank says Q2 net profit rose 45% to 13.86 billion rupees ($145.96 million) from 9.55 billion rupees a year earlier
** Quarterly interest earned rose to 7.72 billion rupees from 6.74 billion rupees
** Bank's asset quality improved as gross NPA declined to 1.32% from 1.83%, supporting earnings growth
** Stock rated "buy" on avg by 35 analysts, with median PT of 375 rupees - data compiled by LSEG
** Stock up 24.1% YTD

 ($1 = 94.9575 Indian rupees)

 (Reporting by Anushka Rajvedi in Bengaluru)
 ((anushka.rajvedi@thomsonreuters.com))