BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Federal Bank reported a healthy set of numbers with in-line asset quality trends, healthy growth metrics across retail and SME portfolios, and lower provisions. De-growth in operating profits by 14% year-on-year was led by reclassification of ‘recoveries from written-off accounts’ from ‘other income’ to ‘provisions’ line, as per latest RBI circular.
Asset quality normalisation is on track with industry best annualised slippages at 1%, healthy recoveries/upgrades, and sequentially stable PCR at 66%.
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