India's Federal Bank falls after Q3 profit drop

Federal Bank

28/01/2025 05:48

** Shares of Federal Bank  FED.NS  fall 5% to 181.51 rupees
    ** Bank's Q3 net profit fell 5% y/y to 9.55 bln rupees 
($110.4 mln)
    ** Interest earned rose 18.8% y/y, gross NPA stood at 1.95%
vs 2.29% year ago
    ** Trading vols at 18.4 mln shares, 2.1x the 30-day average 
    ** FED gained 28.1% in 2024 vs 12.3% gains in 2023

($1 = 86.5200 Indian rupees)

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))