Federal Bank share price dropped 6% after reporting a 5% YoY decline in net profit for Q3 FY25, despite strong operating profit and improved asset quality. The bank’s accelerated provisions and higher provisions impacted profits. Analysts JPMorgan and UBS maintained “Buy” ratings, with revised target prices, noting slower growth but strong operational performance.
Spandana Sphoorty to raise Rs 400 crore via rights issue for FY26 plans
Spandana Sphoorty Financial will raise up to Rs 400 crore through a rights issue as part of its Rs 750 crore FY26 equity plan. Board