Dolat Capital: Federal Bank Posts Strong Q2 Performance

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.The Federal Bank Ltd. reported better than expected net interest income and pre-provision operating profit growth of 23% and 40% YoY respectively aided by sharp sequential growth in higher yielding gold loans and improved fee lines.Net interest margin improved 6 basis points QoQ to 3.13%. Against a restructuring guidance of 2.5-3% of loans, the bank provided approximately Rs 4 billion or 10% during the quarter.Additionally, management expects quarterly slippages to rise by 30-50%, ex of any large corporate account, stress in which is not envisaged currently..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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Dolat Capital: Federal Bank Posts Strong Q2 Performance

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