Federal Bank Q1 Net Jumps 18%, Shares Rally

Federal Bank posted a net profit of Rs 167 crore in the June quarter, beating estimates. The private lender's net interest income (NII), or the difference between interest received on advances and paid on deposits, jumped 15 per cent year-on-year to Rs 693 crore.  Analysts polled by NDTV Profit had estimated Federal Bank to post a net profit of Rs 156 crore and NII of Rs 680 crore in Q1. Federal Bank shares jumped over 5 per cent po...