India's Federal Bank slips after Q1 profit decline

Federal Bank

04/08/2025 05:58

** India's Federal Bank FED.NS falls as much as 5.6% to 185 rupees; last down 1.3%

** Co's Q1 net profit falls 15% y/y amid rise in credit costs and provision for bad loans

** "The most disappointing part of the results were the slippage in asset quality which has been pristine for the bank and set it apart from peers," says Centrum Broking

** Anand Rathi expects a pick up in margins and stabilisation in asset quality from Q3

** YTD, FED shares down 3.2% vs a ~9% rise in the Nifty banking index .NSEBANK

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))