Federal Bank: On Track from ‘Presence’ to ‘Prominence’
We maintain a BUY with a TP of Rs 100 (1.1x FY23E ABV). FY21 was a year of consolidation for Federal Bank (FB) with the management focusing on its...
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Federal Bank: Managing Macro Challenges Well
While restructuring was on the higher side at ~2%, the nature of the book is secured and mostly from HL which is manageable. We maintain BUY with a...
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Federal Bank: Decent Performance Amid Turmoil Due to Pandemic
Federal Bank is an old private sector bank based out of Kerala with around 1272 branches and 1953 ATM across various states.
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RBI approves re-appointment of Mr. Shyam Srinivasan for three years
RBI has approved the re-appointment of Mr. Shyam Srinivasan as MD and CEO for a period of three years, starting from 23rd Sep'21 till 22nd Sep'24....
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Company Update:Federal Bank
We maintain a BUY rating on the stock in the backdrop of attractive valuations and value it at 1.1x FY23E ABV to arrive at a target price of Rs 100.
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