|The result was announced during market hours today, 28 April 2017.
Meanwhile, the S&P BSE Sensex was down 85.20 points or 0.28% at 29,944.54.
Huge volumes were witnessed on the counter. On the BSE, 50.2 lakh shares were traded in the counter so far as against average daily volume of 7.11 lakh shares in the past one quarter. The stock had hit a high of Rs 107.15, in intraday trade, which is a record high for the stock. The stock had hit a low of Rs 94.60 so far during the day. The stock had hit a 52-week low of Rs 43.75 on 2 May 2016.
The large-cap private-sector bank has equity capital of Rs 344.81 crore. Face value per share is Rs 2.
Federal Bank's gross non-performing assets (NPAs) fell to Rs 1727.05 crore as on 31 March 2017 as against Rs 1951.55 crore as on 30 December 2016 and Rs 1667.77 crore as on 31 March 2016.
The ratio of gross NPAs to gross advances fell to 2.33% as on 31 March 2017 as against 2.77% as on 31 December 2016 and 2.84% as on 31 March 2016. The ratio of net NPAs to net advances increased to 1.28% as on 31 March 2017 as against 1.58% as on 31 December 2016 and 1.64% as on 31 March 2016.
Federal Bank said that board of directors accorded approval for raising of capital by the bank of upto Rs 2500 crore through qualified institutional placement, rights issue, private placement, preferential issue, public issue, follow on offer/GDRs, ADRs of through any other mode.
Federal Bank is one of the leading private sector banks in India.