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Federal Bank MD CEO: KVS Manian joining Federal Bank? Lender mum on new chief decision, gives a hint over succession plans

Federal Bank declined to comment on reports of KVS Manian as MD & CEO candidate, emphasizing their search for the best candidate, internal or external. Manian, a former Kotak Mahindra Bank executive, is speculated for the role. Federal Bank reported Q4FY24 earnings, with a net profit of Rs 906 crore ....

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Federal Bank Q4 Results: Net profit flat at Rs 906 crore

The bank s operating profit for the quarter was lower at Rs 1110 crore due to 41% higher operational expenses including Rs 162 crore one-time pension-related staff cost, offsetting 15% higher net interest income at Rs 2195 crore, its highest ever. ....

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Federal Bank, a Jhunjhunwala stock bet, drops post Q3 results; here're share price targets

Federal Bank on Tuesday reported a net profit of Rs 1,007 crore for the December quarter of the financial year 2023-24, a 25 per cent jump on a year-on-year basis.
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Federal Bank Q3 Results: Lender reports highest-ever standalone PAT at Rs 1,007 crore, up 25% YoY

Federal Bank reported its highest-ever standalone net profit of Rs 1,007 crore in Q3FY24, a 25% YoY increase. Additionally, the bank achieved its highest-ever net interest income of Rs 2,123 crore. The net advances at the end of the quarter stood at Rs 199,185 crore, showing an 18% YoY growth. The bank also registered a 24% YoY growth in the retail book and an 18% YoY growth in the business banking book. ....

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Federal Bank Q3 Results: PAT rises 25% YoY to Rs 1,007 crore

The bank s net interest margin for the quarter under review at 3.19% was the lowest in the past five quarters, while the highest at 3.55% was seen in the year-ago period. ....

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