Federal Bank first-quarter profit rises 26 percent, lags estimates

ta showed.

Gross bad loans as a percentage of total loans rose to 2.42 percent at end-June, compared with 2.33 percent at March-end.

Shares in Federal Bank were trading 3.2 percent lower after the results in the BSE Sensex that gained 0.36 percent.($1 = 64.4025 Indian rupees)

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