 "financial frauds, frauds, bank frauds")
Private lender Federal Bank’s profit before tax (PBT) rose by 12.6 per cent to Rs 582.96 crore for third quarter ended December 2019 (Q3Fy20) backed predominantly by growth in non-interest income.
It had posted a PBT of Rs 517.71 crore in quarter ended December 2018 (Q3Fy19).
The bank’s net profit in Q3FY20 rose by 32.07 per cent to Rs 440.64 crore over Rs 333.63 crore in the quarter ended December 31, 2018.
Bank stock closed 2.35 per cent higher at Rs 93.8 per share on BSE.
Its net interest income (NII), which is interest earned less interest expended, for reporting
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