Shares of Federal Bank will continue to be in the spotlight on January 17, the day after the company reports earnings for the December quarter.

Commonwealth Bank on January 16 reported a 54% jump in net profit to Rs 803.61 crore in the December quarter on higher net interest income and lower provisions.

The company reported a net profit of Rs 521.73 crore in the same period last year.

Provisions and contingent charges fell 7.1% to Rs 198.69 crore from Rs 213.98 crore a year ago. Likewise, they also fell from Rs 267.86 crore in the September quarter.

Net interest income (NII), the income banks earn by distributing loans, rose 27.1% to Rs 1,956.53 crore from Rs 1,538.9 crore a year ago.

Other income rose 10.3% to Rs 534 crore from Rs 484.19 crore a year earlier.