Federal Bank announced Q1FY23 Result : Federal Bank delivers highest ever quarterly net profit at Rs 601 Cr with a YoY growth of 64% Net Profit of Rs 601 Cr, grew by 64% YoY ROA at 1.10% and ROE at 12.70% CASA grew by 15% YoY and CASA Ratio at 36.84% Core Fee Income of Rs 441 Cr, increase of 73% YoY GNPA and NNPA brought down to 2.69% and 0.94% respectively Agri Business grew by 19% YoY Business Banking grew by 18% & Commercial Banking grew by 20% YoY Market Share in Personal Inward remittance business at 21.06% (FY22) Commenting on the results, Mr. Shyam Srinivasan, Managing Director & CEO, said, “Our financial performance for Q1 FY23 has been very encouraging and reflects the all-round progress we have been making over time. We have delivered strong broad based credit growth while overall costs have been well managed, resulting in the highest ever profits. We are committed to improving on all key metrics in the period ahead with a range of high-quality offerings backed by a very good CRM capability that we have recently launched." Result PDF