<div><strong>Raghu Mohan</strong><br><br>Shares of the Aluva-based Federal Bank fell 14.67 per cent to its 52-week low of Rs 55.80 on the Bombay Stock Exchange after dismal second quarter numbers.</div><div> </div><div>Net profit for the period fell 32.88 per cent year-on-year to Rs 161.28 crore (from Rs 240 crore in 2015-15). Asset quality also slipped. Gross non-performing assets (NPAs) was up by sharply by 80 basis points (bps) at 2.90 per cent with the net NPA ratio up 67 bps to 1.33 per cent. The net interest margin, a key indicator of profitability, was down by 24 bps to 3.11 per cent.<br><br><img alt="" src="http://bw-image.s3.amazonaws.com/graph-lrg (3).jpg" style="width: 542px; height: 305px; margin: 1px;"></div>
