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Federal Bank Q3 profit rises 25% to ₹1k crore
![IndiaTimes]()
Wednesday, 17 January 2024
Federal Bank, one of India's leading financial institutions, has achieved a remarkable feat by recording its highest-ever net profit in a quarter. The bank reported a net profit of Rs 1,007 crore and an operating profit of Rs 1,437 crore for the quarter ending on December 31, 2023. This represents a growth of 25.3% in net profit and 12.8% in operating profit compared to the previous year. The bank's net interest income also witnessed positive growth, increasing by 8.5% from Rs 1,956.5 crore to Rs 2,123.4 crore as of December 31, 2023.
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Wednesday, 17 January 2024
