Fundamentals in-tact, while upside appears priced in Q1FY27 performance: Federal Bank reported sustained Q1FY27 with focus on balanced growth and gradual improvement in RoA. Gross advances grew ~13.4% YoY (~3.6% QoQ), led by commercial banking, CV/CE, gold loans, cards and LAP, while deposits rose ~11.4% YoY (~2% QoQ), supported by avg CASA accretion (23% YoY). NIM expanded 13 bps QoQ to 3.33%, aided by lower funding cost, continued deposit repricing and an improving asset mix. Fee income remained healthy at 957 crore (+22% YoY), while cost-to-income ratio improved to 52.5% (vs 54.9% in...