Federal Bank slashes lending rates, shares trade marginally lower

The updated rates stand at 2.75%, down from the previous 3%, while for balances up to ₹50 crore, the revised rates are 5.25%. Similarly, rates across various slabs have been reduced. For deposits below ₹3 crore, the tenures have been adjusted. For durations ranging from 1 year to 443 days, the new rates are 7%.

Shares of Federal Bank traded marginally lower in the afternoon session on Thursday, April 17, 2025. At 2:45 PM, shares of Federal Bank were down 0.33% to ₹194.28 apiece on the NSE. On the other hand, the stock has seen a significant uptick over the 5-day period and the 1 month.

Shares of Federal Bank rose 2.55% for the 5 day period and over 9.96% in the 1-month period.

Market cap of the bank on Thursday stood at ₹47,687 crore. Total 0.76 lakh shares of the bank changed hands amounting to turnover of ₹1.48 crore on BSE.

Federal Bank reported a 5.10% decline in net profit to ₹955.44 crore for the third quarter ended December 31, 2024 (Q3FY25), compared to ₹1,006.74 crore for the same quarter in the previous year. However, the bank's total income increased by 17.17% to ₹7,724.90 crore for Q3FY25, compared to ₹6,592.66 crore for the corresponding quarter last year.

Net interest income for the quarter grew by 14.5% YoY to a record level of ₹2,431 crore, compared to ₹2,123 crore. The strong NII growth was largely aided by a 19% YoY jump in interest income to ₹6,808 crore. The interest expended for the quarter jumped 20% YoY to ₹4,373 crore as against ₹ 3,606 crore.

On a consolidated basis, the bank reported a 10.77% decline in its net profit to ₹948.70 crore for the quarter ended December 31, 2024, compared to ₹1,063.24 crore for the same quarter in the previous year. However, the bank's total income increased by 17.19% to ₹8,196.02 crore for Q3FY25, compared to ₹6,993.55 crore for the corresponding quarter last year.