Federal Bank Q3 Review - Strong Operating Performance; Outlook On Asset Quality Improves: Motilal Oswal 
An employee counts rupee currency notes inside a private money exchange office in New Delhi. 

Federal Bank Q3 Review - Strong Operating Performance; Outlook On Asset Quality Improves: Motilal Oswal 

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).

Click on the attachment to read the full report:

Motilal Oswal Federal Bank Q3FY21 Result Update.pdf

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