FY 19 Q3 Earnings " Federal Bank "

in #steemit5 years ago

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The bank posted a 28% (YOY) jump in Q3 earnings. Banks net profit was Rs 334 cr in Q3 compared to Rs 260 cr in the previous quarter last year.

NII increase 18.1% to Rs 2954 cr while provision climbs 17%.

overall it's a good performance by the bank and market also given a thumbs up on it.

The management of the company said that," Assets quality was largely stable, with gross bad loans as a percentage of total loans at 3.14% at the end of the quarter.


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