Federal Bank's Proforma GNPA and NNPA weakens at 3.4% and 1.1% respectively as Proforma slippages stood at Rs11bn. Reported asset quality improves with GNPA at 2.71% vs 2.84% QoQ, NNPA at 0.6% vs 1% QoQ led by higher PCR (77% vs 64% QoQ). Bank expects a restructuring of Rs15-Rs16bn and 90% of coming from Moratorium book. Net interest income grew by 24% YoY led by improvement in NIMs which stood at 3.2%. Operating profit grew by 29% YoY driven by cost to income ratio (49.8% vs 52.4% YoY) while PAT decline by 8.3% YoY led by higher provision (up 161% YoY). Collection efficiency remains stable at 95% QoQ in December month. Credit growth Continues to...