Federal Bank Q1 results: Net profit jumps 42% to ₹845 crore; NII rises over 19% YoY

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Federal Bank Q1 results: Net profit jumps 42% to ₹845 crore; NII rises over 19% YoY Federal Bank’s net interest income (NII) in Q1FY24 rose 19.6% to R 1,918 crore from ₹1,604.5 crore, YoY. Net interest margin (NIM) contracted marginally by 7 basis points to 3.15% from 3.22% in the June quarter last year.