Federal Bank’s Q3 net profit up 25% at Rs1,007 crore

Private sector lender Federal Bank has reported a 25 per cent year-on-year increase in its fiscal third quarter (October-December 2023-24) at Rs1,007 crore, against Rs803.6 crore in the comparable quarter of the previous fiscal. Net interest income of the bank increased by 8.5 per cent to Rs2,123.4 crore during the quarter compared to Rs1,956.5 crore in the year-ago quarter.