Federal Bank reported mixed results wherein it saw an improvement in business growth and stable asset quality but with utilisation of Covidprovisions in the current quarter, additional provisioning buffer has reduced. Opex increased 4.7% QoQ due to increased business activity. Hence, as a result of subdued topline and increase in opex, C/I ratio jumped from 49.8% to 53.1% QoQ. The bank, during the quarter, used | 60 crore worth provisions towards restructuring under resolution framework and | 475 crore towards IRAC norms requirement, from | 536 crore Covid-19 provisions held in previous quarter. Overall provisions declined 42% QoQ....