Net profit of Federal Bank grew by 18.3% yoy (+1530% qoq) to Rs1.67bn 1QFY17 led by higher other income that rose by 22.2% yoy & 4.5% qoq to Rs2.37bn along with decline in provisioning and operating expenses. The Bank witnessed strong growth in other income owing to higher treasury income that grew by 118% yoy (102% qoq) to Rs830mn. Operating expenses declined by 2.8% qoq due to lower other operating expenses leading to improvement in cost to income ratio to 54.2% in 1QFY17 compared to 56.8% in 4QFY16 & 54% in 1QFY16. Provisioning expenses saw 56.6% sequential decline owing to lower growth in incremental...