The Federal Bank Limited reported solid results for Q4 2024, with a revenue increase of 23.67% year-over-year, reaching INR 71.49 billion. However, net income experienced a slight decline of 6.24% quarter-over-quarter, amounting to INR 9.71 billion, due to increased operating expenses and competitive pressures.
Management acknowledged the ongoing adjustments in the operating environment and emphasized the focus on cost management strategies while continuing to invest in technology and customer service enhancements. Overall, the bank appears committed to maintaining stability and growth in its core banking operations despite the external challenges in the financial services sector.