Federal Bank Ltd.

NSE: FEDERALBNK | BSE: 500469 | ISIN: INE171A01029 | Industry: Banks
| Strong Performer, Under Radar
194.2500 2.35 (1.22%)
NSE Apr 16, 2025 11:58 AM
Volume: 4.8M
 

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Federal Bank Ltd.
19 Oct 2018
194.25
1.22%

Federal Bank

Centrum Broking
Business growth improves: Overall business grew 23.2% YoY to 2,19,123 crore as on 30 Sept'18 with advances and deposits growing 25.2% and 21.6%, respectively. On the deposits side, the current account and savings account (CASA) deposits grew 23.2% to 39,457 crore with the CASA ratio remaining stable at 33.4%. Advances grew the highest in last 5 quarters largely driven by 28.8% growth in wholesale loans and 20.0% growth in retail loans. Over FY18-20E, we expect advances and deposits to witness CAGR of 26.5% and 21.0% respectively, resulting in overall business growth of 23.5% to 3.11 lakh crore....
Axis Direct decreased Buy price target of Federal Bank Ltd. to 213.0 on 29 Mar, 2025.
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