Federal Bank Q3 net decreases 8% on higher provisioning

Provision and contingencies for the quarter under review stood at Rs 421 crore, an Y-o-Y increase of 161% from Rs 161 crore provided in the year ago period. The bank recorded an operating profit of Rs 963 crore during the quarter, against Rs 743.82 crore in the same quarter last year.

from Banking & Finance – The Financial Express https://ift.tt/391vsIY