Federal Bank reports 9% rise in Q3 profit to Rs 1,041 crore on rising business income
Private sector Federal Bank on Friday reported a 9% rise in third quarter net profit at Rs 1041 crore against Rs 955 crore in the year-ago period, backed by rising business and core income. The bank’s net interest margin for the quarter improved sequentially to 3.18% from 3.06% in the preceding quarter. Net interest income…