Federal Bank Q3 net profit dips by 8% to ₹404 crore
Wed, Jan 20, 2021 3:00 PM

Federal Bank Q3 net profit dips by 8% to ₹404 crore

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Federal Bank on Wednesday announced an 8% decline in net profit at ₹404.10 crore for the third quarter ended December 2020, mainly due to higher provisioning for bad loans. The private sector lender had registered a profit of ₹440.64 crore in the year-ago period. Federal Bank Limited is an Indian private sector, scheduled commercial bank headquartered in Aluva, Kochi.

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