Fedbank Financial Services Limited — Updates, 23-10-2024: Press Release

Fedbank Financial Services Limited reported a net profit of ₹646 million for Q2 FY25, a 12% year-over-year increase. The company's Assets Under Management rose 42% to ₹142,185 million, while disbursements grew by 30% to ₹38,104 million. Net Interest Income increased by 28% to ₹2,649 million. The branch count increased to 665, supported by new openings, and CRISIL upgraded the long-term rating to AA+/Stable.