Market View FEDERAL BANK LTD.

How do we see the federal bank latest results??? How well the company will perform ahead???

Answer

3 years ago

Federal Bank June-20 quarter net profit rose by 4.3% at Rs.401. Higher net interest income and other income triggered revenue growth in the bank. NII reported 12.3% at Rs.1296 crore, other income grew 24.7% to Rs.488 crore. The numbers in results were beyond market expectations amid countrywide COVID-19 pandemic.

Looking at the bank's gross NPAs which also grew at 2.96% on a sequential basis. The Kerala-based bank has no plan for capital-raising activity in the near future. However, nothing can be said until market unlocks and stabilises.

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