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Federal Bank Q2 net profit down by 25.84 pc to Rs 315.45 cr

Federal Bank Q2 net profit down by 25.84 pc to Rs 315.45 cr

Oct 16, 2020, at 09:29 pm

Mumbai/UNI: Private sector lender Federal Bank has posted a decline of 25.84 per cent in its net profit for the quarter ended September 30, 2020 at Rs 315.45 crores as against net profit of Rs 425.34 crore for the quarter ended September 30, 2019 as the bank stepped up provisions to deal with likely rise in slippages due to the economic impact caused by the Covid 19 pandemic.