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Federal Bank reports 29% rise in Q3 consolidated net profit

25 Jan 2022 Evaluate

Federal Bank has reported results for third quarter ended December 31, 2021.

The Bank has reported a rise of 29.11% in its net profit at Rs 521.73 crore for the quarter under review as compared to Rs 404.10 crore for the same quarter in the previous year. However, total income of the bank decreased by 0.21% at Rs 3926.75 crore for Q3FY22 as compared Rs 3934.90 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported a rise of 28.69% in its net profit at Rs 540.09 crore for the quarter under review as compared to Rs 419.67 crore for the same quarter in the previous year. Total income of the bank increased by 1.05% at Rs 4125.30 crore for Q3FY22 as compared Rs 4082.31 crore for the corresponding quarter previous year.

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Company Name CMP
HDFC Bank 692.60
ICICI Bank 1354.00
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