Moneycontrol PRO

business

Loan to metal co turning NPA hurt Q1 profits: Federal Bank

In an interview with CNBC-TV18, Shyam Srinivasan, MD & CEO of Federal Bank said the Bank's NPAs increased due to a large metal account default and treasury provisions.

first published: Jul 20, 2015 09:30 am

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347