Federal Bank Q2 Results: Profit zooms 53% YoY to Rs 704 crore
The bank's net interest margin, a key measure of profitability, rose 10 basis points to 3.3% over what it was for the year-ago period. Its net interest income -- a difference between interest earned and interest expenses -- rose 19% at 1762 crore. Other income, which includes earnings from treasury operations, also grew 24% at Rs 610 crore.