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Federal Bank Q3 Results: Lender reports highest-ever standalone PAT at Rs 1,007 crore, up 25% YoY
Federal Bank reported its highest-ever standalone net profit of Rs 1,007 crore in Q3FY24, a 25% YoY increase. Additionally, the bank achieved its highest-ever net interest income of Rs 2,123 crore. The net advances at the end of the quarter stood at Rs 199,185 crore, showing an 18% YoY growth. The bank also registered a 24% YoY growth in the retail book and an 18% YoY growth in the business banking book.