MUMBAI : Federal Bank Ltd on Thursday said that it has 35% of the total loan book under the three month moratorium, and will focus on preserving capital this year, said it's managing director and chief executive officer Shyam Srinivasan.
Srinivasan was speaking after declaring it's March quarter results. The bank had reported a net profit of ₹301.23 crore for the three months ended 31 March compared to ₹381.51 crore in the year-ago period.
Profit was lower on account of higher provisioning against the Covid impact. Provisions during the quarter increased more than three times to ₹567.50 crore as against ₹177.76 crore in the year-ago quarter.