Federal Bank reported strong operating performance for Q1FY2023 despite muted treasury performance. Net interest income (NII) grew by 13% yoy and 5% qoq, led by healthy net advances growth of 17% yoy and improvement in NIMs. Core fee income grew by 73% yoy on a lower base. Other income fell by 96% yoy due to lower treasury gains and loss on revaluation of investments. Read More