Federal Bank: On Track from ‘Presence’ to ‘Prominence’
We maintain a BUY with a TP of Rs 100 (1.1x FY23E ABV). FY21 was a year of consolidation for Federal Bank (FB) with the management focusing on its...
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Federal Bank: Managing Macro Challenges Well
While restructuring was on the higher side at ~2%, the nature of the book is secured and mostly from HL which is manageable. We maintain BUY with a...
124 Views
Federal Bank: Decent Performance Amid Turmoil Due to Pandemic
Federal Bank is an old private sector bank based out of Kerala with around 1272 branches and 1953 ATM across various states.
119 Views
RBI approves re-appointment of Mr. Shyam Srinivasan for three years
RBI has approved the re-appointment of Mr. Shyam Srinivasan as MD and CEO for a period of three years, starting from 23rd Sep'21 till 22nd Sep'24....
168 Views
Company Update:Federal Bank
We maintain a BUY rating on the stock in the backdrop of attractive valuations and value it at 1.1x FY23E ABV to arrive at a target price of Rs 100.
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