Federal Bank and Central Bank of India Report Q1 Profits

Federal Bank and Central Bank of India both reported increased net profits for the first quarter of the 2026-27 financial year on July 17, 2026. Federal Bank reported a standalone net profit of approximately ₹1,177 crore, representing a year-over-year increase of 36.6% to 37%. The bank's total income rose to ₹8,28,669 lakh, while its gross non-performing assets improved, decreasing to 1.52% from 1.91%.

Managing Director and CEO KVS Manian announced that the bank will leverage relaxed Reserve Bank of India norms for Foreign Currency Non-Resident (Bank) deposits to increase its funding base, specifically targeting inflows from Singapore, Hong Kong, and West Asia. Additionally, Federal Bank plans to potentially access the external commercial borrowing market following an inaugural 'BBB- ' international issuer rating from S&P Global. The bank maintains mid-teen loan growth guidance for FY27.

Simultaneously, Central Bank of India reported a 13.3% increase in net profit to ₹1,324 crore, driven by a 16% rise in net interest income. Despite the profit gain, its operating profit declined 5.1% to ₹2,186 crore. The lender's gross non-performing assets moderated to 2.60%, and its capital adequacy ratio improved to 18.28%.