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.
Motilal Oswal Report
Federal Bank Ltd.’s operating performance remains steady, aided by healthy net interest income growth and recovery in core fees.
Business activity is reviving gradually as reflected in the robust trends in retail loans, led by gold, loan against property, and housing loans.
On the asset quality front, total Covid-19 related restructuring currently stands at Rs 10.7 billion (approximately 0.9% of loans).
The management expects it to increase to Rs 15-16 billion by Q4 FY21.
Pro-forma slippages stood at Rs 10.7 billion (including a large infra account of Rs 2.05 billion, which is likely to get resolved in Q4 FY21).
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