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Federal Bank reports higher quarterly earnings on income growth
Federal Bank recorded steady Q3 profit growth as improved income streams and controlled credit costs supported earnings, while management maintained a cautious outlook.
Federal Bank reported a 9% year on year rise in December quarter net profit, driven by steady growth in business income and stable asset quality. Profit stood at Rs 1,041 crore as net interest income and fee based earnings improved. The lender kept credit costs under control while expanding its loan book across retail and corporate segments. Management outlook remained cautious amid macro conditions.