Last year in December, the Competition Commission of India (CCI) had cleared US-based Blackstone’s proposal to acquire 9.99% stake through warrants in Federal Bank. Private equity firm Blackstone is acquiring stake through its arm Asia II Topco XIII Pte Ltd.”The proposed combination envisages acquisition of certain warrants by Asia II Topco XIII Pte Ltd (acquirer), each carrying a right to subscribe to one fully paid-up equity share of Federal Bank Ltd (target),” the regulator said in a release.
Third Quarter Results
The lender’s Net Interest Income (NII) or core income grew by 9% from last year to ₹2,653 crore. The numbers are marginally higher than the ₹2,563 crore estimate from the CNBC-TV18 poll.Also Read: Federal Bank sees margins and returns improving, steps up wealth focus
Net profit for the period increased by 9% from last year to ₹1,041 crore, also marginally higher than the CNBC-TV18 poll of ₹1,000 crore. Federal Bank’s asset quality improved on a sequential basis, with Gross Non-Performing Assets (NPAs) improving to 1.72% from 1.83% in September, while Net NPA improved to 0.42% from 0.48% last quarter.
In absolute terms, gross NPAs improved to ₹4,447 crore from ₹4,532 crore last quarter, while Net NPAs improved to ₹1,068 crore from ₹1,165.2 crore in September. Provisions for the quarter remained largely unchanged at ₹332 crore from ₹363 crore last quarter and ₹292 crore last year.
Slippages at the end of the December quarter improved to ₹443 crore from ₹584 crore during the second quarter last year. Advances for the quarter increased by 11% from last year and 4.5% sequentially to ₹2.55 lakh crore, led by the commercial banking and corporate & institutional banking.
Also Read: Federal Bank bets on high-yield loans to drive profitable growth
Shares of Federal Bank Ltd ended at ₹287.00, down by ₹0.35, or 0.12%, on the BSE.
First Published: Feb 5, 2026 10:51 PM IS
