India's Federal Bank hits record high after Q3 profit rise

Federal Bank

16/01/2026 08:01

** India's Federal Bank FED.NS jumps 10% to record high of 271.50 rupees

** Stock set for best day since September 2019

** Lender's Q3 net profit rises ~9% y/y; net interest income up 0.9% y/y, driven by healthy loan growth and stable margins

** Gross NPA stood at 1.72% vs 1.95% year ago

** More than 36 million shares change hands, ~5x 30-day avg volume

** Stock rated "buy" on avg by 33 brokerages; median PT at 250 rupees, per data compiled by LSEG

** FED rose 33.5% in 2025 vs a 17% rise in the Nifty banking index .NSEBANK

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))