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.
Asian equities fall as Samsung, SK Hynix weigh
A gauge of Asian shares fell after two daily advances, and despite gains for Australian equities. Markets in mainland China, Hong Kong and Taiwan remain
January 31, 2025