'Federal Bank has reported 5% declined in net profit at Rs 955.44 crore for the quarter ended December 2024 (Q3FY2025) on account of accelerated provisions. The bank has posted healthy 15% growth in net interest income (NII), while the core fee income of the bank also improved 22% in Q3FY2025. The Net Interest Margin (NIM) of the bank nearly stable at 3.11% in Q3FY2025 compared to 3.19% in the corresponding quarter of previous year.
On business front, the bank as has posted 12% growth in business with 13% surge in loan book. The asset quality of the bank has improved in Q3FY2025. Bank has exhibited rise in the credit to deposit ratio to 87.8% at end December 2024 from 86.4% at end December 2023. CASA ratio of the bank has was n early stable at 30.2% at end December 2024 from 30.6% at end December 2023.
Asset quality improves: The bank has improved asset quality in Q3FY2025.
The fresh slippages of loans stood at Rs 498 crore in Q3FY2025 compared with 434 crore...
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