Refer to important disclosures at the end of this report Strong results; renewed focus on retail to drive profitable growth Federal Bank reported strong set of results in Q4FY19. The bank's profitability stood strong at Rs3.8bn and exit RoA at 1%. Federal Bank saw a reasonable improvement in its asset quality (GNPA down 22bps qoq to 2.9%) during the quarter. Loan growth moderated to 20% yoy from a 25% trajectory due to its conscious run-down in short-term corporate credit. It guides for 22-23% growth in FY20 with incremental focus...