Federal Bank Ltd., integrated within the yr 1931, is a banking corporate (having a marketplace cap of Rs 11242.55 Crore).
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 3591.72 Crore (.00 % of overall belongings) and Net Non Performing Assets (Net NPAs) of Rs 1249.85 Crore (.00% of overall belongings). For the quarter ended 30-09-2020, the corporate reported a Consolidated Interest Income of Rs 2853.76 Crore, up .92 % from closing quarter Interest Income of Rs 2827.74 Crore and up 4.88 % from closing yr identical quarter Interest Income of Rs 2720.87 Crore. The financial institution reported internet benefit after tax of Rs 315.70 Crore in the newest quarter.
The brokerage maintains ACCUMULATE advice at the inventory with a revised TP of Rs62, valuing it at 0.9x P/ABV. The inventory these days trades at 0.7x Sep-22E P/ABV.
Promoters held a Zero % stake within the corporate as of Sept 30, 2020, whilst FIIs held 33.three %, DIIs 37.1 %, and public and others 29.nine %.
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