By Gopika Gopakumar

MUMBAI, July 17 (Reuters) - Blackstone-backed Federal Bank FED.NS this fiscal year expects an additional provisioning hit of around 1.5%-2% of its net worth due to the transition to a central bank-mandated framework to cover potential loan losses, the bank said on Friday.

Here are other highlights from the bank's quarterly earnings call:

• The additional provisioning hit would be based on the bank's net worth as of 31 March 2026, which is around 387 billion rupees ($4.02 billion); the expected credit loss framework is effective April 1, 2027

• Net profit stood at 11.77 billion rupees in April-June quarter

• Net interest income or core income at 29.46 billion rupees. Gross non-performing assets as a percentage of total assets at 1.52%

• ⁠Bank expects credit growth in mid-teens during fiscal year 2027. Loan book grew 15% year-on-year at 2.77 trillion rupees in first quarter.

• Plans to offer 8-10x leverage to non-resident Indian customers under the FCNR(B) deposit scheme.

• The bank plans to use FCNR (B) deposit inflow to partly refinance its existing wholesale deposit book

• Post results, Federal Bank's stock closed 6.7% higher at 348.80 rupees per share

($1 = 96.2800 Indian rupees)