Federal Bank Annual Report Analysis - Focus On Transition From ‘Presence To Prominence’: ICICI Securities
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ICICI Securities Report
Key takeaway from Federal Bank Ltd.'s FY21 annual report is its continued commitment to structural transition away from ‘typical old generation regional bank mindset’.
The commitment is reflected in its aim to become the ‘first choice’ bank for all stakeholders and pursue initiatives to enhance its status from ‘presence’ to ‘prominence’ in ‘rest of India’.
Further, taking cognisance of industry-leading FY21 performance, Federal Bank aims to scale up all its business segments over next three to four years and achieve the ‘right to win’ in most lending segments with focus on sustained earnings during high-growth periods.
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