New Delhi, Oct 28 (Reporter) Private lender Federal Bank today said its net profit has registered a growth of 10.79 per cent y-o-y basis in the second quarter (July-September) of current financial year 2024-25 as against Rs 953.82 crore in the same quarter of last financial year. Total business of the Bank reached Rs. 499418.83 crore in the Q2 from Rs 425685.12 crore in the same quarter of last fiscal registering growth of 17.32 per cent, the Bank said in a release.Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) have been brought down to 2.09 per cent and 0.57 per cent respectively. KVS Manian, MD & CEO of Federal Bank, stated, "Q2 has been robust for the Bank, driven by strong momentum across diverse operational verticals. This is clearly reflected in our consecutive surpassing of the 1000 Crore net profit milestone for two quarters in a row. "Our deposits, now upgraded to AAA by CRISIL, signify a sturdy core of the franchise. Business momentum across verticals has been strong and inclusive, and asset quality improvements have been notable. We are committed to sustaining and building on this strong momentum to achieve continued success for the Bank.” Net Interest Income grew 15.11 per cent from Rs. 2056.42 crore to Rs. 2367.23 crore as on 30th September 2024. Total income of the Bank grew 21.91 per cent to reach Rs. 7541.23 crore. Earnings per share (EPS) annualized is Rs 17.11, the Bank said. Gross NPA of the Bank as at the end of Q2 FY25 stood at Rs. 4884.49 crore, which as a percentage to Gross Advances stood at 2.09 per cent. The Net NPA and Net NPA as a percentage to Net Advances as on 30th September 2024 stood at Rs. 1322.29 crore and 0.57 % respectively. Provision Coverage Ratio excluding Technical Write Off was 71.82 per cent...////...