Federal Bank Q3 Review - Asset Quality  Deteriorates; Restructuring Book At 1.2%: IDBI Capital
A customer holds a bundle of Indian rupee banknotes while filling in a deposit form at a branch of the HDFC Bank Ltd. in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Federal Bank Q3 Review - Asset Quality Deteriorates; Restructuring Book At 1.2%: IDBI Capital


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IDBI Capital Report

Federal Bank Ltd.’s Proforma gross non-performing asset and net non-performing asset weakens at 3.4% and 1.1% respectively as proforma slippages stood at Rs 11 billion.

Reported asset quality improves with GNPA at 2.71% versus 2.84% QoQ, NNPA at 0.6% versus 1% QoQ led by higher provision coverage ratio (77% versus 64% QoQ).

Bank expects a restructuring of Rs 15-Rs16 billion and 90% of coming from moratorium book.

Net interest income grew by 24% YoY led by improvement in net interest margins which stood at 3.2%.

Click on the attachment to read the full report:

IDBI Capital Federal Bank Q3FY21 Result Update.pdf


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