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.
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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....
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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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Gold loans witnessing robust traction; business granularity improving
In its FY21 Annual Report, FB highlighted the progress it is making in strengthening the Balance Sheet and the focus it is laying on building its...
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Federal Bank (Annual Report Analysis): New guardrails under construction for new profit pools....
We incorporate the recent equity infusion and revise our FY22/FY23E PAT estimates upwards by 1% each and maintain BUY with a revised TP of INR 98...
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