External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Federal Bank (FB) hosted an analyst meet to spotlight the bank’s key priorities over the medium term to better monetise its balance sheet strengths: a) better CASA mobilisation (especially CA balances) reflecting in lower cost of funds, b) scaling its medium-yield businesses driving stronger risk-adjusted returns, and c) higher fee income traction by building capabilities in areas of trade/FX income, wealth management, and CMS</li><li>Under the new MD, FB is embarking on a journey to address its deposit mix and the pricing power handicap on both sides of the balance sheet (highlighted in our Sep-24 update).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Federal Bank (FB) hosted an analyst meet to spotlight the bank’s key priorities over the medium term to better monetise its balance sheet strengths: a) better CASA mobilisation (especially CA balances) reflecting in lower cost of funds, b) scaling its medium-yield businesses driving stronger risk-adjusted returns, and c) higher fee income traction by building capabilities in areas of trade/FX income, wealth management, and CMSUnder the new MD, FB is embarking on a journey to address its deposit mix and the pricing power handicap on both sides of the balance sheet (highlighted in our Sep-24 update).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Federal Bank: Focused on Fixing the Right Gaps, Execution Remains Key. Maintain BUY

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>We attended the Analyst Meet hosted by Federal Bank to chalk out the strategy and growth roadmap for the bank under the new management, spearheaded by Mr KVS Manian, along with insights from other senior management team members of the bank.</li><li>The bank has outlined a 12-theme ‘Project Breakthrough’ identifying growth levers for the bank to ensure strong and sustainable growth, as it intends to be placed amongst the Top-5 private sector banks over the next 3-5 years.</li><li>Of these 12 themes, FB’s priority remains on (1) CASA Deposits mobilisation, (2) Strengthening Fee income profile and (3) NIM improvement.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We attended the Analyst Meet hosted by Federal Bank to chalk out the strategy and growth roadmap for the bank under the new management, spearheaded by Mr KVS Manian, along with insights from other senior management team members of the bank.The bank has outlined a 12-theme ‘Project Breakthrough’ identifying growth levers for the bank to ensure strong and sustainable growth, as it intends to be placed amongst the Top-5 private sector banks over the next 3-5 years.Of these 12 themes, FB’s priority remains on (1) CASA Deposits mobilisation, (2) Strengthening Fee income profile and (3) NIM improvement.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Federal Bank Ltd. - Building on Momentum; Execution Remains Key!

<ul><li>Re-looking into the Deposit Strategy: FB’s slow deposit growth in Q3FY25 resulted from a reorientation of its deposit mobilisation strategy, focusing on granular deposits rather than highvalue wholesale and inter-bank deposits.</li><li>This re-calibration exercise has been undertaken with the aim of improving the quality of the liability franchise while driving sustainable healthy growth.</li><li>Hereon, the internal focus will remain on tracking average CASA as a performance metric to ensure stability and sustainability in the deposit base rather than short-term end-of-period fluctuations. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Re-looking into the Deposit Strategy: FB’s slow deposit growth in Q3FY25 resulted from a reorientation of its deposit mobilisation strategy, focusing on granular deposits rather than highvalue wholesale and inter-bank deposits.This re-calibration exercise has been undertaken with the aim of improving the quality of the liability franchise while driving sustainable healthy growth.Hereon, the internal focus will remain on tracking average CASA as a performance metric to ensure stability and sustainability in the deposit base rather than short-term end-of-period fluctuations. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Federal Bank Ltd - Re-Calibrating Strategy to Drive Strong, Sustainable, & Profitable Growth!

Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Derivatives

<ul>
<li>The <a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617:1" rel="noopener">NIFTY Index (NIFTY INDEX)</a> and the <a href="https://www.smartkarma.com/entities/nse-nifty-bank-index" target="_blank" data-smartkarma-citation="entities:26811:1" rel="noopener">NSE Nifty Bank Index (NSEBANK INDEX EQUITY)</a> reached all-time highs on 26 September 2024 but have since declined.</li>
<li>Most stocks in the Bank Index have fallen below their 200 and 50 day moving average,. Volatilities have gone up, but trade cheap when compared to historical levels.</li>
<li>Opportunities present themselves either in stocks that stayed resilient during the downturn (<a href="https://www.smartkarma.com/entities/federal-bank-ltd" target="_blank" data-smartkarma-citation="entities:11784:1" rel="noopener">Federal Bank (FB IN)),</a>or fell and gained in implied volatility. A long-short strategy might also be considered.</li>
</ul>


The NIFTY Index (NIFTY INDEX) and the NSE Nifty Bank Index (NSEBANK INDEX EQUITY) reached all-time highs on 26 September 2024 but have since declined.
Most stocks in the Bank Index have fallen below their 200 and 50 day moving average,. Volatilities have gone up, but trade cheap when compared to historical levels.
Opportunities present themselves either in stocks that stayed resilient during the downturn (Federal Bank (FB IN)),or fell and gained in implied volatility. A long-short strategy might also be considered.


EQD | Nifty Banks – Single Stock Options and Relative Value Opportunities

<ul><li>Re-looking into the Deposit Strategy: FB’s slow deposit growth in Q2FY25 was an outcome of slower TD growth, as the bank intentionally did not want to garner higher-cost deposits.</li><li>Hereon, FB will continue to focus on pursuing growth in CASA Deposits as it aspires to become a primary banker for its retail and corporate customers.</li><li>The focus will remain on acquiring both ETB and NTB CASA customers through improved branch productivity and the introduction of new products. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Re-looking into the Deposit Strategy: FB’s slow deposit growth in Q2FY25 was an outcome of slower TD growth, as the bank intentionally did not want to garner higher-cost deposits.Hereon, FB will continue to focus on pursuing growth in CASA Deposits as it aspires to become a primary banker for its retail and corporate customers.The focus will remain on acquiring both ETB and NTB CASA customers through improved branch productivity and the introduction of new products. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Federal Bank Ltd - New Management Revisiting Strategy to Drive the Next Leg of Growth!

India

Federal Bank Limited operates branches and regional offices throughout India. The Bank offers a wide range of financial services, including merchant banking, international banking and foreign exchange, leasing facilities, money markets and agricultural advances. The Bank also provides lending for hi-tech agricultural and government sponsored schemes.

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Federal Bank (FB IN)

Federal Bank: Focused on Fixing the Right Gaps, Execution Remains Key. Maintain BUY

Federal Bank (FB) hosted an analyst meet to spotlight the bank’s key priorities over the medium term to better monetise its balance sheet strengths

HDFC Securities

Federal Bank Ltd. - Building on Momentum; Execution Remains Key!

We attended the Analyst Meet hosted by Federal Bank to chalk out the strategy and growth roadmap for the bank under the new management, spearheaded...

Axis Direct

Federal Bank Ltd - Re-Calibrating Strategy to Drive Strong, Sustainable, & Profitable Growth!

FB’s slow deposit growth in Q3FY25 resulted from a reorientation of its deposit mobilisation strategy, focusing on granular deposits rather than...

Axis Direct

EQD | Nifty Banks – Single Stock Options and Relative Value Opportunities

The NSE Nifty Bank Index hit a record high in September 2024 but has since dropped. Option opportunities are found in resilient or volatile bank...

Gaudenz Schneider

Federal Bank Ltd - New Management Revisiting Strategy to Drive the Next Leg of Growth!

Re-looking into the Deposit Strategy: FB’s slow deposit growth in Q2FY25 was an outcome of slower TD growth, as the bank intentionally did not want...

Axis Direct

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