Federal Bank Annual Report Analysis - Execution Remains Key: Dolat Capital
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Dolat Capital Report
Federal Bank Ltd.’s annual report highlights further strengthening in its liability profile with reduced concentration risk and current account and savings account traction across corporate salaried, government and high net individuals segments, strong emphasis on digital migration, and entry into higher margin segments like credit card, consumer loans, commercial vehicle.
Consequently, both net interest margin and processing fees witnessed a good traction during FY21.
Some of these benefits were marred by higher employee expenses led by wage revision and pension costs owing to declining interest rates.
Asset quality continues to hold ground with industry best slippages and sharp pick up in provision coverage ratio.
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