Federal Bank Ltd. News and Updates

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

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Federal Bank Ltd.

16 Jul 2020

195.72

0.70%

Federal Bank: Q1FY21 Result Review

Buy: Federal Bank Ltd.

IDBI Capital

Federal Bank's asset quality deteriorated slightly with GNPA inches up by 12bps QoQ to 2.96% as, conservatively one corporate account (UAE exchange exposure of Rs.1.7bn) treated as NPA during the quarter. Credit growth declined to 8% YoY (vs 11% FY20) due to complete lockdown situation in first 2 months of the quarter (Q1FY21). Net Interest Income grew by 12% YoY led by improvement in NIMs, while PAT grew at a lower rate of 4% YoY due to higher provisions (up 105% YoY; Rs930mn Covid-19). Operating profit grew by 15.5% YoY driven by a 24% growth in Non-Interest Income. NIMs improved sequentially to 3.07%, while cost to income ratio improved by 246bps QoQ to 47.8%....

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

Federal Bank Ltd.

16 Jul 2020

195.72

0.70%

Result Update:Federal Bank

Buy: Federal Bank Ltd.

Target

Axis Direct

Federal Bank reported better than expected Q1FY21 performance on steady NIMs (~3.1%) and improved C-I (47.8%). Loan book was up 8.5% YoY and down 0.8% QoQ. NII was up 12/6% YoY/QoQ led by NIMs on account of better business mix. Higher treasury gains led to improvement in other income up 25% YoY

Federal Bank Ltd.'s price crossed below 30Day SMA today

Federal Bank Ltd.

15 Jul 2020, 12:00AM

195.72

0.70%

Q1FY21 Result Update - Gradually building strength to balance sheet - BUY

Buy: Federal Bank Ltd.

Prabhudas Lilladhar

FB posted better than estimated earnings of Rs4.0bn (PLe:Rs2.6bn) led by relatively lower provisioning, lower opex and repeated gains in treasury. With lower strain on asset quality than trend levels due to moratorium and standstill slippages were at Rs1.9bn (middle east a/c under stress) and PCR moved up by 510bps to ~60% which was a expected outcome. Key...

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

Federal Bank Ltd.

15 Jul 2020, 12:00AM

195.72

0.70%

Federal Bank

Buy: Federal Bank Ltd.

Sharekhan

Fresh slippages came much lower in Q1FY2021 at Rs. 184 crore, from Rs. 283 crore in Q4FY2020 and ~Rs. 450 crore per quarter for the preceding three quarters. NIMs have expanded by 3 bps q-o-q to 3.07% (but were down by 8 bps y-o-y)....

Federal Bank Ltd. is trading below its 50 day SMA of 201.8

Federal Bank Ltd.

15 Jul 2020, 12:00AM

195.72

0.70%

Treasury gains drive earnings; Margins steady

Buy: Federal Bank Ltd.

Target

Motilal Oswal

15 July 2020 Federal Banks (FB) PAT was higher than our estimates supported by treasury gains. However, core fee income declined sharply impacted by the lockdown and tepid loan growth. We have fine-tuned our FY21/FY22E estimates as we have moderated our fee growth assumptions and slightly increased business growth projections. 1QFY21 PAT stood at INR4.0b (~+4% YoY/+33% QoQ) significantly ahead of our estimates, mainly led by treasury gains of INR3b. The bank has prudently used the treasury gains to improve provisioning coverage and carries total COVID provisions of ~INR1.9b. NII grew 12% YoY (~INR13b) as margins increased 3bp QoQ to ~3.07%. Core fee income declined 32% YoY affected by the lockdown while higher treasury income resulted in total income growth of ~25% YoY. Opex grew ~12% YoY led by additional pension cost of INR350m. PPoP, thus, grew 19% YoY to INR9.3b while core PPoP (excluding treasury gains) declined ~9% YoY.

Federal Bank Ltd. is trading above its 30 day SMA of 195.4

Federal Bank Ltd.

13 Jul 2020, 01:28PM

195.72

0.70%

Visa partners with Federal Bank for rolling out Visa Secure for e-commerce

Business Line

Visa, a global leader in payments technology, has entered into a partnership with Federal Bank to roll out Visa Secure to the bank's cardholders. Visa

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

Federal Bank Ltd.

08 Jul 2020

195.72

0.70%

Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitesh Thakkar for short term

Moneycontrol

Mitessh Thakkar of mitesshthakkar.com suggests buying Cholamandalam Investment with a stop loss of Rs 209, target at Rs 222 and Federal Bank with a stop loss of Rs 54.5, target at Rs 59.

Federal Bank Ltd. is trading below its 50 day SMA of 201.8

Federal Bank Ltd.

05 Jul 2020

195.72

0.70%

Federal Bank total deposits up 17%, gross advances rise 8% in Q1 FY 21

Business Line

Private sector lender Federal Bank reported a 17 per cent increase in its total deposits in the first quarter of 2020-21 and just an eight per cent in

Federal Bank Ltd. is trading below its 50 day SMA of 201.8

Federal Bank focuses on gold loans amid Covid-19 to drive credit demand

Business Standard | 05 Jul 2020

Federal Bank Ltd.

29 Jun 2020

195.72

0.70%

Pick of the Week:29 JUN 2020

Buy: Federal Bank Ltd.

Target

Axis Direct

Federal Bank (FB) is a Kerala-based regional private sector bank incorporated on 23 April, 1931 as the Travancore Federal Bank Limited. The bank has a presence in ~25 states, the National Capital Territory of Delhi and four union territories.