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Lower provisions drive Federal Bank Q4 net up 13% to Rs 541 cr

NIM of the lender rose 7.38% to Rs 1,525.21 crore in Q4FY22, from Rs 1,420.37 crore in the year-ago period

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Federal Bank | Q4 Results

BS Reporter  |  Mumbai 



Federal Bank net profit up 18%

Private sector lender, Federal Bank, reported a 13.12 per cent jump in net profit in the January – March quarter, aided by lower provisions. Net profit in the quarter totaled to Rs 540.54 crore, the highest in a quarter, versus Rs 477.81 crore in the year-ago period.

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First Published: Fri, May 06 2022. 17:00 IST

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