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Federal Bank third-quarter profit jumps 28 percent, beats estimates

Updated : January 17, 2019 05:04 PM IST

Net profit was Rs 334 crore ($46.82 million) in the three months to December 31, compared to Rs 260 crore a year earlier, the Kerala-based lender said.
Asset quality was largely stable, with gross bad loans as a percentage of total loans at 3.14 percent at the end of December, compared to 3.11 percent in the previous quarter and 2.52 percent a year earlier.
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