Federal Bank's asset quality remains stable with GNPA at 3.0% vs 2.96% QoQ, if adjusted for slippages of Rs.2.37bn which was not treated as GNPA due to supreme court decision. Bank reported collection efficiency at 95% in September month which needs to be observed for sustainability in H2FY21. Credit growth was lower at 6% YoY (vs 8% Q1FY21) due to repayments in corporate book (down 5% YoY). Net Interest Income grew by 23% YoY led by improvement in NIMs, while PAT declined by 26% YoY due to higher provisions (up 135% YoY; Rs4bn Covid-19). Operating profit grew by 40% YoY driven by improvement in cost to income ratio. NIMs improved sequentially to...