Federal Bank Ltd. News and Updates

Name: Latest research reports of Federal Bank Ltd. authored by LKP Securities and published by - Trendlyne research reports.
Item: Federal Bank Ltd.
Rating: 5
Author: LKP Securities

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Federal Bank Ltd.

21 Jan 2021

190.59

-1.37%

THE FEDERAL BANK LTD - Q3FY21 Result Update

Buy: Federal Bank Ltd.

Target

LKP Securities

Price Analysis: Federal Bank has reported 3QFY21 earnings in line with our expectations led by a) Strong NII growth (24.4% YoY) with 8bps improvement in NIMs to 3.13%, b) relatively healthy business growth with net advance and deposit growth of 5.3% YoY and 11.8% YoY respectively, c) sequentially higher C/I ratio of 49.8% v/s 46.7% in 2QFY21 and d) downtrend in reported NPA numbers with GNPA/NNPA ratio of 2.71%/0.61%. Furthermore, the bank's PAT grew by 31.4% sequentially with lower provisioning expenses (4.2bn v/s 5.9bn in the previous quarter). The Pro-forma GNPA/NNPA ratio stood at 3.38%/2.71% with PCR of 77.1%. Factoring expected 3QFY21 results and inexpensive valuation (P/BV: 1x), we maintain our positive outlook on the bank....

Federal Bank Ltd. is trading below all available SMAs

Federal Bank Ltd.

21 Jan 2021

190.59

-1.37%

Result Update:Federal Bank

Buy: Federal Bank Ltd.

Target

Axis Direct

We believe that keypositives are increasing retail focus, strong fee income, adequate capitalisation (Tier-1 at 13.0%),and prudent provisioning. We maintain Buy with a target price of Rs 93 (1x FY23EABV).

Number of FII/FPI investors increased from 450 to 491 in Jun 2025 qtr.

Federal Bank Ltd.

21 Jan 2021

190.59

-1.37%

Federal Bank

Buy: Federal Bank Ltd.

Target

ICICI Securities Limited

Overall net advances growth was very much in-line with the industry at 5.3% YoY to | 125505 crore this was mainly driven by retail book. Wholesale book declined by 4.4% as a result of managements cautious approach on lending towards this segment. On retail front overall book saw a strong growth of 16.8% YoY at |69560 crore. While excluding Agri and Business Banking the retail growth stood at 15.6% YoY. The bank also has taken a calibrated approach in retail lending segment and has pushed for high yielding gold loans and personal loans segment. Gold loans were up by 67% YoY for the...

Number of FII/FPI investors increased from 450 to 491 in Jun 2025 qtr.

Federal Bank Ltd.

20 Jan 2021

190.59

-1.37%

Q3FY21 Result Update - Strong quarter - Accumulate

Accumulate: Federal Bank Ltd.

Recommendation Target

Prabhudas Lilladhar

Pro-forma slippages of Rs8.6bn (Rs6.2bn in Q3FY21 Rs4bn excl. ILFS) is also quite under control and moving to normalized levels Federal Bank reported a marginally lower earnings of Rs4.0bn (PLe: Rs4.2bn) on higher than expected provisions. Although PPOP was quite strong growing 30% YoY (6% beat on PLe) led by a robust NII & fee income. Slippages were negligible, although on pro-forma basis slippages would have been higher by 6.2bn (Rs8.6bn for 6MFY21) which has been in-line with...

Number of FII/FPI investors increased from 450 to 491 in Jun 2025 qtr.

Federal Bank Ltd.

20 Jan 2021

190.59

-1.37%

Strong operating performance; outlook on asset quality improves

Buy: Federal Bank Ltd.

Target

Motilal Oswal

FB's operating performance remains steady, aided by healthy NII growth and recovery in core fees. Business activity is reviving gradually as reflected in the robust trends in Retail loans, led by Gold, LAP, and Housing loans. On the asset quality front, total COVID-19 related restructuring currently stands at INR10.7b (~0.9% of loans). The management expects it to increase to INR15-16b by 4QFY21. Pro-forma slippages stood at INR10.7b (including a large infra account of INR2.05b, which is likely to get resolved in 4QFY21). We fine-tune our estimates and increase our FY21E/FY22E earnings by 5%...

Federal Bank Ltd. is trading below all available SMAs

Federal Bank Ltd.

04 Jan 2021, 11:03AM

190.59

-1.37%

Federal Bank reports 12 per cent increase in total deposits

Business Line

Gross advances up 6 per cent in Q3

Number of FII/FPI investors increased from 450 to 491 in Jun 2025 qtr.

Federal Bank Ltd.

18 Dec 2020

190.59

-1.37%

Federal Bank: Ripe for re-rating despite guidance in run-rate of slippages

Business Standard

Strong growth is expected to counter the likely asset quality issues

Federal Bank Ltd. has an average target of 225.77 from 12 brokers.

Federal Bank Ltd.

15 Dec 2020

190.59

-1.37%

Buy Federal Bank: target of Rs 85 : Sharekhan

Moneycontrol

Sharekhan is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 85 in its research report dated December 14, 2020.