How do you see Federal Bank as an investment after the Mar-20 quarter results?

Federal Bank reported 21% fall in net profits for the Mar-20 quarter at Rs.301 crore, due to higher provisioning. However, the performance was not exactly bad consider the pressure that banks have been under on the SME and retail collections. Provisions were up more than 3-fold at Rs.567 crore, with a major chunk being COVID-19 provisions. The good news was that the net interest income (NII) was up by 10.9% at Rs.1216 crore. Even gross NPAs were marginally down from 2.99% in the previous quarter to 2.84% in the current quarter. Net NPAs were also sharply down from 1.63% to 1.31% on higher provisioning. This could be broadly accretive for the stock price.