Federal Bank: Healthy Pick-Up in Advances; RoA Trajectory Positive
Federal Bank is an old private sector bank based out of Kerala with around 1274 branches and 1882 ATM across various states.
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Federal Bank: Levers for ROA Expansion in Place; Maintain BUY
Federal Bank (FB) Q3FY22 performance was marked by lower provisions, improved recoveries and upgrades, pick-up in NIM, healthy fee income, and loan...
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Federal Bank: Asset Quality Strengthens; Maintain BUY
We maintain a BUY rating on the stock with a revised target price of Rs 125 (1.3x FY23E ABV). The key highlight of Federal Bank’s Q2FY22...
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Federal Bank: Earnings in Line, Business Growth to Gain Momentum
Federal Bank is an old private sector bank based out of Kerala with around 1272 branches and 1874 ATM across various states.
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Earnings outlook getting strengthened
Restructured book rises to ~2.5% of loans; business momentum gains traction FB reported a strong 2QFY22, with PAT up by 50% YoY to ~INR4.6b (23%...
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