NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.Federal Bank Ltd.’s net interest margin declined sequentially during Q3 FY24 led by increase in cost of funds. Credit growth stood at 18.4% YoY (20% YoY Q2 FY24) backed by strong growth across the segments. Asset quality remained stable with gross non-performing assets at 2.29% versus 2.26% QoQ.Deposits growth stood at 19% YoY versus 23% YoY (Q2 FY24). Management guided for…
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Federal Bank Q3 Results Review
