 "Harsh Dugar said the bank had been more conservative for existing GNPAs")
Kerala-based Federal Bank’s additional provisioning of Rs 292 crore in the third quarter of the financial year 2025 (Q3FY25) towards its unsecured portfolio weighed on the banks’ profitability in the quarter, which dropped 5 per cent year-on-year (Y-o-Y) and 10 per cent sequentially to Rs 955 crore.
Although the bank is not anticipating any additional slippages from its unsecured portfolio, the extra provisioning is for its existing gross non-performing assets (NPA) from the portfolio.
“We have been more conservative and provided more and advanced buffers for these existing GNPAs,” Harsh Dugar, Executive Director, Federal Bank told Business Standard.
“We
