Federal Bank banks posts lower net profit

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Chennai, Jan 12 (IANS) Private sector Federal Bank on Tuesday said it closed third quarter with a lower net profit and total income.

In a regulatory filing in BSE, the bank said it has posted a net profit of Rs.162.72 crore for for the quarter ended December 31, 2015 as compared to Rs. 264.69 crore for the quarter ended December 31, 2014.

Federal Bank’s total income has decreased from Rs. 2,090.01 crore for the quarter ended December 31, 2014 to Rs. 2,086.07 crore for the quarter ended December 31, 2015.

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