Federal Bank Q3 Results: Net profit declines 5% to Rs 955 crore despite record PPoP

Federal Bank Q3 Results: Federal Bank's net profit decreased by 5% to Rs 955 crore in the third quarter ending December 30, 2024, due to accelerated provisions for future risk. Despite this, the bank achieved its highest ever pre-provision operating profit of Rs 1570 crore, and its asset quality improved with a reduction in gross non-performing assets.