Mumbai, Oct 18 (IANS) Federal Bank on Saturday reported its net profit for the second quarter of the current financial year (Q2 FY26) at Rs 955.26 crore, down 9.5 per cent year-on-year (YoY).

The private sector lender had posted a net profit of Rs 1,056.6 crore in the corresponding quarter a year ago (Q2 FY25).

However, the bank’s profit surged over 10 per cent quarter-on-quarter (QoQ) from Rs 861.75 crore in the previous quarter.

Despite a decline in net profit, Federal Bank’s total income jumped over 3.5 per cent YoY to Rs 7,824.3 crore from Rs 7,541.23 crore.

The net interest income (NII) for the quarter stood at Rs 2,495 crore, while the operating profit stood at Rs 1,644.17 crore.

According to its exchange filing, total deposits increased 7.36 per cent YoY, while net advances gre

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