Federal Bank has reported the highest ever fresh slippages of Rs8.7bn (+117% QoQ and +266% YoY) in 4QFY18, led by accelerated NPA recognition of Rs4.9bn from loan under different restructuring schemes of the RBI. Resultantly, its provisioning expenses spiked by 203% YoY and 129% QoQ to Rs3.7bn. Further, sharp rise in slippages led to higher interest reversal for which the Bank witnessed marginal decline in NII (-1.8% QoQ) and NIM (-22bps QoQ). Thus, the Bank reported muted growth in pre-provisioning profit (+7.2% YoY and 4.8% QoQ), which along with higher provisioning led to 43.5% YoY and 44.2% QoQ decline in reported PAT to Rs1.5bn. Advances grew by 25.4% YoY and 8.2% QoQ to Rs920bn, as SME, Wholesale and Retail...