Federal Bank Q3 earnings: Net interest income (NII) for the quarter came in at Rs 2,123 crore, up 8.48 per cent YoY over Rs 1,957 crore in the corresponding quarter last year.
Federal Bank Q3 results: Profit drops 8% to Rs 404 crore on over 2-fold rise in provisions
Federal Bank Q3 results: The provisions (other than tax) and contingencies surged by 161 per cent to Rs 421 crore, from Rs 161 crore in the year-ago period
BusinessToday.In | January 20, 2021 | Updated 14:37 IST
Federal Bank posted net profit of Rs 404 crore in December quarter
Private lender Federal Bank has reported 8 per cent decline in net profit at Rs 404 crore for the third quarter ended December 31, 2020 (Q3 FY21), as against Rs 441 crore in the same period last year due to rise in provisions and contingencies. The provisions (other than tax) and contingencies surged by 161 per cent to Rs 421 crore, from Rs 161 crore in the year-ago period.