India's Federal Bank falls after Q3 profit drop
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;))
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