Key Highlights
- Net profit rose to ₹1,041 crore, a 9% increase YoY.
- Advances increased by 9% to ₹2.65 trillion.
- Deposits grew by 15% to ₹2.50 trillion.
- Gross non-performing assets ratio improved to 1.72%.
- Net Interest Margin expanded to 3.18%.
Federal Bank's Q3 profit up 9% on strong loan growth, better asset quality
Federal Bank reported a 9% year-on-year increase in net profit to ₹1,041 crore for Q3FY26, driven by strong loan growth and improved asset quality. Advances grew by 9% to ₹2.65 trillion, while deposits surged 15% to ₹2.50 trillion, highlighting the bank's robust financial performance.
Credit: Livemint
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Sources
This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.
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