Private sector lender Federal Bank on Wednesday (April 29, 2026) reported a 22% jump in its consolidated net profit in the March quarter of FY26 at ₹1,341 crore, as against ₹1,091 crore in the year-ago period.
The bank had a one-time gain of ₹456 crore on interest from Income Tax refund, but chose to create a floating provision of the same amount to take care of the additional provisions that will be required to transition towards the new provisioning framework.