Federal Bank Q3 Results: Net profit declines 5% to Rs 955 crore despite record PPoP

Accelerated provisions to cover future risk pulled private sector Federal Bank‘s net profit down 5% at Rs 955 crore in the third quarter ending December 30, 2024 as compared with Rs 1007 crore in the year ago period, even as the lender booked its highest ever pre-provision operating profit.

The…