The Federal Bank500469Banking
Federal Bank's quarterly numbers came in above estimates with stable asset quality and margins
By ScoutQuest · · 1 min read
- Net NPA change QoQ
- 1 basis point
- Net interest margin
- 3.32 percent
- Previous margin
- 3.33 percent
Heard on business television between 13:35:00 - 13:38:00 IST.
- Net NPA improved by around 1 basis point quarter-on-quarter.
- Net interest margin stood at 3.32% versus 3.33%, down 1 basis point quarter-on-quarter.
- Margins remained largely steady despite expectations of expansion, leading to a slight downtick.
- Stock was trading slightly higher on the back of these numbers.
- Guest Anuj Jain noted Federal Bank has been a consistent performer over many quarters, with smaller banks outperforming larger ones.
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