Federal Bank Ltd is a Indian commercial bank in the private sector headquartered in Kerala having 1,276 branches and 1,937 ATM/ Recyclers and a loan book size of ~Rs1,20,862cr. Due to Covid 19 pandemic we expect banks advances to fall by 4% in FY21E and recover in FY22E compared to previous estimates. Low interest rate regime and fall in credit growth could hurt NIM in Q1FY21. However, bank's plan to increase its ROA to 1.25% by...