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Last Updated : Jan 19, 2017 08:04 AM IST | Source: CNBC-TV18

Federal Bank Q3 profit may rise 28% to Rs 208cr, NII seen up 23%

Kerala-based private sector lender Federal Bank's third quarter profit is likely to increase sharply by 27.7 percent year-on-year to Rs Rs 207.8 crore, according to average of estimates of analysts polled by CNBC-TV18.


Kerala-based private sector lender Federal Bank's third quarter profit is likely to increase sharply by 27.7 percent year-on-year to Rs Rs 207.8 crore, according to average of estimates of analysts polled by CNBC-TV18.


Net interest income during the quarter may grow 23.1 percent to Rs Rs 744.8 crore compared with Rs 605.2 crore in corresponding quarter of last fiscal.


Analysts say despite slippages coming off, provisions may remain high due to ageing of non-performing assets.

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If net interest margin comes above 3.2 percent (against 3.31 percent in Q2), loan growth above 20 percent (27.2 percent in Q2) and gross non-performing assets below 3 percent (2.78 percent in Q2) then that will be considered positive.

First Published on Jan 18, 2017 03:28 pm
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