Federal Bank reported rise in Covid specific restructured assets to 2.5% vs 1.8% QoQ led by retail loans (specifically home loans). However asset quality improved as GNPA stood at 3.24% vs 3.5% QoQ led by higher recoveries and upgrades (Rs.4.2bn) as compared to slippages (Rs.3bn). Stressed book % of assets which was declining for last 3 years spiked to 2.62% vs 2.24% QoQ. Credit growth improved to 10% YoY vs 7% YoY (Q1FY22); Deposits growth stood at 10% YoY vs 9% YoY (Q2FY22). NII grew by 4% QoQ led by improvement in NIMs. Operating profit declined by 24% QOQ due to change in accounting treatment for recovery in written off accounts. Provisions declined by 62%...