Federal Bank Ltd.

NSE: FEDERALBNK | BSE: 500469 | ISIN: INE171A01029 | Industry: Banks
| Mid-range Performer

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Federal Bank Ltd.
03 May 2016
213.02
2.27%
Reliance Securities
ff The Bank did not carry out SDR and 5/25 refinancing in 4QFY16. It sold loan worth Rs1.3bn to Asset Reconstruction Company (ARC) ff Restructured book declined to 2.45% of total loan book in 4QFY16 from 4.3% in 3QFY16 due to part conversion of SEB loan in UDAY bonds and downgrade of remaining SEB loan to NPA category ff Business growth revived as loan book grew by 10.1% qoq and 13.3% yoy led by 17.9% qoq growth in corporate loan book and 8.1% qoq rise in SME loan book ff The Bank's Management aims loan growth at ~18-20% in FY17E and it will now...
Federal Bank Ltd. is trading at high day volume of 15.2M.
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