Federal Bank share price rallies 13% to record high on Q3 profit jump; asset quality improves
Federal Bank share price popped 13% to ₹278.40 apiece during the second-half trading session of Friday, January 16, as investors appeared impressed by the company’s financial performance for the December-ending quarter. Its net profit during the reporting quarter stood at ₹1,041.21 crore, up 9% YoY, supported by stronger core income and operating leverage. The net…