Federal Bank Ltd.

NSE: FEDERALBNK | BSE: 500469 | ISIN: INE171A01029 |Industry: Banks
|Strong Performer, Under Radar

Federal Bank Ltd.    
18 Oct 2019
Geojit BNP Paribas
Federal Bank Ltd is a major Indian commercial bank in the private sector headquartered in Kerala having 1,251 branches and 1,942 ATM/ Recyclers and a loan book size of ~Rs116,000cr. A muted sequential growth in interest income due to the decline in the yield on advances from 9.55% in Q1FY20 to 9.33% in Q2FY20. Business growth was moderate at 17%, with advances and deposits growing at 15% & 18% YoY respectively. The provisions slightly increased on a YoY basis and the bank has...
Federal Bank Ltd. has an average target of 119.71 from 17 brokers.
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