Federal Bank reported better than expected Q1FY21 performance on steady NIMs (~3.1%) and improved C-I (47.8%). Loan book was up 8.5% YoY and down 0.8% QoQ. NII was up 12/6% YoY/QoQ led by NIMs on account of better business mix. Higher treasury gains led to improvement in other income up 25% YoY