FEDERALBNK

** Federal Bank FED.NS stock rises 1.4% to 231.15 rupees after Blackstone BX.N affiliate buys 9.99% stake

** Blackstone's Asia II Topco XIII gets warrants at 227 rupees each for 61.97 bln rupees ($705 mln) investment, lender says

** Each warrant gives right to buy one FED equity share

** YTD, FED up nearly 15.7% vs Nifty pvt bank index's .NIFPVTBNK almost 14% gain

($1 = 87.8950 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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By Bharath Rajeswaran and Nishit Navin

BENGALURU, Oct 9 (Reuters) - Indian banks are poised to report subdued earnings for the September quarter, weighed down by tepid loan demand across retail and corporate segments and margin contraction due to rate cuts by the central bank, analysts said.

The Reserve Bank of India has lowered its interest rate by 100 basis points this year to revive consumption and investment amid a slowing economy. Rate cuts tend to squeeze banks' margins in the short term, as lenders reduce loan rates faster than they adjust deposit rates.

Analysts forecast private banks to post a year-on-year decline in profit in the September quarter, while net interest income (NII) may see only a marginal uptick.

Sector-wide profit is forecast to fall 7%-12% year-on-year in the quarter, with state-owned banks underperforming larger peers.

Jefferies estimates profits of large banks will fall 12% year-on-year, after posting an 8% growth in the year-ago quarter and a marginal 2% growth in the June quarter.

The brokerage forecasts 5% drop in profit for private lenders and a 20% decline for public sector banks. It expects loan growth at roughly 11% and a flat NII.

Axis Bank AXBK.NS will kick off the banking sector earnings on October 15, followed by Federal Bank FED.NS, ICICI Bank ICBK.NS, IDFC Bank IDFB.NS, IndusInd Bank INBK.NS later in the week.

"Asset quality trends are likely to remain stable due to controlled slippages and robust provision coverage ratios," said Nitin Aggarwal of Motilal Oswal.

Nomura added that stress in unsecured retail and microfinance portfolios remains elevated but delinquency trends are improving, although a gradual profit recovery is likely from the second half of fiscal 2026.

Loan growth is expected to remain muted at around 10% in the September quarter, with corporate and big-ticket retail demand still soft.

Rising bond yields are also likely to weigh on treasury income. "With bond yields rising, treasury gains will not cushion earnings in the September quarter," Axis Securities said.

Analysts expect a recovery from the second half of fiscal year 2026, driven by stronger consumption, government tax relief, and faster growth in unsecured credit.

"We expect the September quarter to mark a turning point, with earnings momentum improving from the December quarter onwards as margin pressure eases and asset quality trends strengthen," said Ankit Bihani, analyst at Nomura.

With the RBI keeping rates unchanged in recent meetings, banks' margins are expected to get some relief from the ongoing quarter as borrowing costs fall and deposit rates adjust.

Banks .NSEBANK, private lenders .NIFPVTBNK and state-owned banks .NIFTYPSU have gained 10.1%, 10.6% and 15% year-to-date, outperforming the Nifty 50's .NSEI 6% rise.

(Reporting by Nishit Navin and Bharath Rajeswaran; Editing by Eileen Soreng)

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Sept 17 (Reuters) - Federal Bank Ltd FED.NS:

• SELLS 166.3 MILLION YES BANK SHARES IN FAVOUR OF SMBC

• SHARES SOLD AT 21.50 RUPEES PER SHARE TO SMBC

Source text: ID:nBSEcfSQWZ

Further company coverage: FED.NS

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** India's Federal Bank FED.NS falls as much as 5.6% to 185 rupees; last down 1.3%

** Co's Q1 net profit falls 15% y/y amid rise in credit costs and provision for bad loans

** "The most disappointing part of the results were the slippage in asset quality which has been pristine for the bank and set it apart from peers," says Centrum Broking

** Anand Rathi expects a pick up in margins and stabilisation in asset quality from Q3

** YTD, FED shares down 3.2% vs a ~9% rise in the Nifty banking index .NSEBANK

(Reporting by Ananta Agarwal in Bengaluru)

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July 4 (Reuters) - Federal Bank Ltd FED.NS:

• FEDERAL BANK LTD - LAUNCHES 'NRE AND NRO CURRENT' ACCOUNTS FOR NR DIASPORA

Source text: ID:nNSE1Rz732

Further company coverage: FED.NS

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June 30 (Reuters) - Federal Bank Ltd FED.NS:

• TO RAISE FUNDS VIA SALE OF EQUITY CAPITAL OF THE BANK

• TO BORROW FUNDS IN INDIAN CURRENCY OR ANY OTHER PERMITTED FOREIGN CURRENCY

Further company coverage: FED.NS

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June 25 (Reuters) - Federal Bank Ltd FED.NS:

• FEDERAL BANK LTD - TO CONSIDER RAISING EQUITY CAPITAL THROUGH MULTIPLE METHODS

• FEDERAL BANK LTD - TO CONSIDER RAISING FUNDS THROUGH DEBT INSTRUMENTS

Source text: ID:nBSE2hJHVv

Further company coverage: FED.NS

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April 30 (Reuters) - Federal Bank Ltd FED.NS:

• DIVIDEND OF 1.2 RUPEES PER SHARE

• MARCH-QUARTER NET PROFIT 10.30 BILLION RUPEES

• MARCH-QUARTER GROSS NPA 1.84%

• MARCH-QUARTER INTEREST EARNED 66.48 BILLION RUPEES

• MARCH-QUARTER PROVISIONS AND CONTINGENCIES 1.38 BILLION RUPEES

Source text: [ID:]

Further company coverage: FED.NS

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** Shares of Federal Bank FED.NS rise 1.45% to 196.95 rupees apiece

** Rise after CLSA initiates coverage with "outperform" rating on the private sector bank, citing inexpensive valuations and steady deposits

** CLSA sets a target price of 230 rupees on FED, implying an 18% upside in the next 12 months

** FED's strong non-resident deposit base, which contributes to 30% of total deposits, and its potential to scale up current account deposits should help improve the lender's net interest margins, says CLSA

** Average rating of 29 analysts tracking FED is "buy" - data compiled by LSEG

** Shares down 3% in 2025 so far, underperforming bank index .NSEBANK which is up 1.4%

(Reporting by Bharath Rajeswaran in Bengaluru)

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March 26 (Reuters) - Federal Bank Ltd FED.NS:

• FEDERAL BANK LTD - RECEIVES RBI APPROVAL TO ACQUIRE 4% STAKE IN AFLIC

Source text: ID:nBSEb18ZQD

Further company coverage: FED.NS

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March 25 (Reuters) - Federal Bank Ltd FED.NS:

• FEDERAL BANK LTD - TO ACQUIRE 4% STAKE IN AGEAS FEDERAL LIFE INSURANCE

• FEDERAL BANK LTD - ACQUISITION COST 974.4 MILLION RUPEES FOR 32 MILLION SHARES

Source text: ID:nBSE2fZh3Q

Further company coverage: FED.NS

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** Shares of Federal Bank FED.NS climb as much as 2% to 183.4 rupees, last up 1.6%

** Co, on Friday, laid out plans including increased focus on current account, savings account and deposits to strengthen balance sheet, expanding products portfolio

** Co will add 400-450 branches by FY28

** Growth plans to likely support better NIM growth, positions lender as key player among mid-sized private banks to deliver sustained profitability and growth - Motilal Oswal

** Centrum Broking analyst says pivot in long term strategy is the right move but will weigh on near term growth and returns

** Avg rating of 30 analysts is "buy" and median PT is 220 rupees, ~20% higher than current price - data compiled by LSEG

** FED gained 28% in 2024

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Federal Bank FED.NS fall 5% to 181.51 rupees

** Bank's Q3 net profit fell 5% y/y to 9.55 bln rupees ($110.4 mln)

** Interest earned rose 18.8% y/y, gross NPA stood at 1.95% vs 2.29% year ago

** Trading vols at 18.4 mln shares, 2.1x the 30-day average

** FED gained 28.1% in 2024 vs 12.3% gains in 2023

($1 = 86.5200 Indian rupees)

(Reporting by Vijay Malkar)

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Jan 27 (Reuters) - Federal Bank Ltd FED.NS:

• FEDERAL BANK Q3 NET PROFIT 9.55 BILLION RUPEES

• FEDERAL BANK Q3 GROSS NPA 1.95%

• FEDERAL BANK Q3 INTEREST EARNED 68.09 BILLION RUPEES

• FEDERAL BANK Q3 PROVISIONS AND CONTINGENCIES 2.92 BILLION RUPEES

Further company coverage: FED.NS

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Jan 14 (Reuters) - Federal Bank Ltd FED.NS:

• RECEIVES PENALTY ORDER OF 104.7 MILLION RUPEES

Source text: ID:nBSEc4Rh3M

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MUMBAI, Nov 8 (Reuters) - India's Federal Bank FED.NS has accepted bids worth 15 billion rupees ($177.78 million) for infrastructure bonds maturing in 10 years, three merchant bankers said on Friday.

The private bank will pay an annual coupon of 7.76% and had invited bids from bankers and investors earlier in the day, they said.

The bank did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Nov. 8

*Size includes base plus greenshoe for some issues

($1 = 84.3725 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

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MUMBAI, Nov 6 (Reuters) - India's Federal Bank FED.NS plans to raise 15 billion rupees ($178.2 million), including a greenshoe option of 7 billion rupees, through the sale of infrastructure bonds maturing in 10 years, three merchant bankers said on Wednesday.

The private bank has invited coupon and commitment bids from bankers and investors on Friday, they said.

The bank did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Nov. 6

*Size includes base plus greenshoe for some issues

($1 = 84.1780 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

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** Shares of Federal Bank FED.NS jump about 7% to 197.8 rupees, eyes best pct gain since June 5

** Stock top gainer on Nifty private bank index .NIFPVTBNK, which is down 0.9%

** Lender posts net profit of 10.57 bln rupees ($126 mln), beating estimate of 9.94 bln rupees, per LSEG data

** Emkay Research cites strong growth in retail and mall and medium-sized enterprises loans

** Avg rating of 30 analysts is "buy" rating; median PT is 230 rupees - LSEG data

** Stock up 26% YTD vs a 1.4% gain in private bank index

($1 = 84.0740 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Oct 28 (Reuters) - Federal Bank Ltd FED.NS:

• Q2FY25 NIM AT 3.12%

Source text: ID:nBSEbJwx49

Further company coverage: FED.NS

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** Shares of Federal Bank FED.NS fall 3.3%

** Stock set for its worst intraday percentage drop in a month

** Lender's overall deposit growth moderated to 1% sequentially in the September quarter, from 5% in the last quarter

** Loan-to-deposit ratio (LDR) inched up to 86.9% from 84.3% in the previous quarter

** Morgan Stanley flags higher LDR and slower growth in retail deposits as key concerns

** Elara Capital expects the lender's net interest income (NII) to be hurt in the September quarter due to 4-5 basis point drop in net interest margins (NIM)

** The average recommendation of 30 analysts tracking FED is "buy"; median price target is at 230 rupees - LSEG data

** FED shares have gained 20% in 2024 so far, compared to 6% rise in bank index .NSEBANK of which it is a constituent

(Reporting by Bharath Rajeswaran in Bengaluru)

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Oct 4 (Reuters) - Federal Bank Ltd FED.NS:

• GROSS ADVANCES GREW BY 19% Y/Y AS OF SEPT 30

• TOTAL DEPOSITS UP 16% Y/Y AS OF SEPT 30

Source text for Eikon: ID:nBSE1VlC5B

Further company coverage: FED.NS

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** Shares of Federal Bank FED.NS fall 2.5% to 190 rupees

** Morgan Stanley downgrades bank to "underweight" from "equal weight" citing lower credit costs and changes in rate cycle

** Net interest margins may stay low due to low-yield loans and stable retail deposits- MS

** Flags, potential impact on earnings, growth from new liquidity coverage ratio (LCR) and expected credit loss (ECL) norms implemented by central bank

** Adds, NIM would remain a challenge amid tight deposit growth and high competition for the sector as a whole

** Avg rating of analysts covering the stock at "buy"; median PT is at 230 rupees - LSEG data

** Stock up ~22% YTD vs a ~3% rise in Nifty private bank index .NIFPVTBNK

(Reporting by Yagnoseni Das in Bengaluru)

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Aug 16 (Reuters) - Federal Bank Ltd FED.NS:

• GOT GST ORDER LEVYING A PENALTY OF 1.4 MILLION RUPEES

Further company coverage: FED.NS

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July 24 (Reuters) - Federal Bank Ltd FED.NS:

• INDIA FEDERAL BANK CEO: NET INTEREST MARGINS ARE EXPECTED TO BE IN 3.15% TO 3.25% RANGE

• INDIA FEDERAL BANK CEO: EXPECT MANAGEMENT TRANSITION TO BE SMOOTH

• INDIA FEDERAL BANK CEO: KEEPING A TIGHT VIGIL ON MICROFINANCE BOOK

• FEDERAL BANK CEO: PLAN TO OPEN 100 BRANCHES IN FY25; OF THAT EXPECT TO OPEN 35-40 BRANCHES BY SEPT

• FEDERAL BANK CEO: TALKS WITH RBI ON FOR GETTING CLEARANCE TO RESTART ISSUING CO-BRANDED CREDIT CARDS

• FEDERAL BANK CEO: EXPECT TO GET CLARITY ON ISSUING CO-BRANDED CREDIT CARDS BY Q3

• FEDERAL BANK CEO: EXPECT CREDIT CARD SPENDS TO PICK UP IN Q2, Q3

• FEDERAL BANK CEO: CURRENT LEVEL OF CAPITAL ADEQUACY CAN SUPPORT CREDIT GROWTH FOR 18-24 MONTHS

• FEDERAL BANK CEO: NO PLANS TO STAY ON BANK'S BOARD, DIRECTLY OR INDIRECTLY, ONCE TENURE ENDS

• FEDERAL BANK CEO: OPEN TO STAY ON BOARD OF GROUP COS

Source text for Eikon: [ID:]

Further company coverage: FED.NS

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BENGALURU, July 23 (Reuters) - Shares of India's Federal Bank FED.NS rose as much as 5.5% to a record high on Tuesday, a day after the central bank approved the appointment of veteran banker KVS Manian as the lender's new CEO, quashing concerns around management succession.

Manian resigned from Kotak Mahindra Bank KTKM.NS in April, after nearly three decades at the bank, saying he had aspirations elsewhere in the industry, and local media has said he was being considered for the CEO role at Federal Bank.

The Reserve Bank of India (RBI) approved Manian's appointment as Federal Bank's managing director and CEO for three years, the lender said on Monday.

"We view this development as positive as it also brings an end to the uncertainty around management succession," Nomura analysts said in a note.

"Manian has a strong banking pedigree and diverse experience across financial services and his leadership can potentially aid Federal Bank's growth and profitability outlook over the medium term."

At Kotak, Manian oversaw corporate banking, commercial banking, private banking and the asset reconstruction business among others.

In terms of experience, Manian's background "ticks most of the key boxes that investors would look for in a bank CEO," Yes Securities said in a note.

Federal Bank had begun a search for a new CEO in January after the Reserve Bank of India rejected extending CEO Shyam Srinivasan's three-year term, which ends in September.

The average rating of the 30 analysts covering Federal Bank is the equivalent of "buy," as per LSEG data.

The company's stock has jumped 27% so far this year, the most among the 10 members in Nifty private bank index .NIFPVTBNK, which is up about 5%.

(Reporting by Sethuraman NR in Bengaluru; Editing by Savio D'Souza)

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July 22 (Reuters) - Federal Bank Ltd FED.NS:

• RBI APPROVED APPOINTMENT OF KRISHNAN VENKAT SUBRAMANIAN AS MD, & CEO OF BANK

Source text for Eikon: ID:nBSE1ZsXkp

Further company coverage: FED.NS

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** Shares of Federal Bank FED.NS up 2.4% at record high of 197.15 rupees; set for third straight session of gain

** Stock top pct gainer on Nifty Bank .NSEBANK and private bank index .NIFPVTBNK, which are up 0.6% each

** FED set for best week in five months

** UBS expects return on assets to rise 20 bps from FY22-24 to 1.4% by FY27 on improving NIM and sustained loan growth

** Brokerage upgrades stock to "buy" from "neutral" and sets Street-high PT of 250 rupees, per LSEG data

** UBS also expects greater focus on margin growth by new CEO, likely to be appointed in two months

** Mean rating of 30 analysts is "buy"; median PT is 195 rupees - LSEG data

** Stock has climbed 26% YTD; Nifty bank index and private bank index up ~9% and ~6% respectively

(Reporting by Kashish Tandon in Bengaluru)

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July 3 (Reuters) - Federal Bank Ltd FED.NS:

• FEDERAL BANK LTD- GROSS ADVANCES UP 20.1% Y/Y AS OF JUNE END

• FEDERAL BANK LTD - JUNE-QUARTER TOTAL DEPOSITS UP 19.6% Y/Y

Source text for Eikon: ID:nBSEcfHB7f

Further company coverage: FED.NS

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** Shares of Federal Bank FED.NS up 3.8% to a record high of 173.94 rupees

** Reuters could not immediately ascertain a reason for the stock move

** Lender is the top percentage gainer on the Nifty private bank index .NIFPVTBNK, which is up 0.3%

** Separately, co likely submitted three names to the Reserve Bank of India for Managing Director and Chief Executive Director posts, CNBC-TV18 reported citing sources

** The names include KVS Manian, deputy MD at Kotak Mahindra Bank KTKM.NS, and two executive directors currently working with Federal Bank

** The company did not immediately respond to a Reuters' request for comment

** Analysts' avg rating on stock is "Buy", median PT is 195 rupees, per LSEG data

** Including session's gains, stock is up ~12% YTD, while NIFPVTBNK is down 0.5%

(Reporting by Manvi Pant in Bengaluru)

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May 2 (Reuters) - Federal Bank Ltd FED.NS:

• FEDERAL BANK CEO: MARKET SHARE GAINS ON ASSETS AND DEPOSITS ARE SUSTAINABLE AND GROWABLE GOING FORWARD

• FEDERAL BANK CEO: THERE IS A BOARD-ESTABLISHED PANEL FOR CEO'S POSITION; BOTH INTERNAL, EXTERNAL CANDIDATES WILL BE CONSIDERED

• FEDERAL BANK CEO: SEARCH PANEL AT AN ADVANCED STAGE TO SUBMIT NAMES FOR MD, CEO TO RBI

• FEDERAL BANK CEO: BOARD HAS SET UP AN EFFICIENT SEARCH PANEL; PANEL HAS A LONG LIST OF PEOPLE TO CHOOSE FROM FOR CEO ROLE

• FEDERAL BANK CEO: WILL NOT SHY AWAY FROM SPENDING ON IT-RELATED EXPENSES

• FEDERAL BANK CEO: ASPIRE TO SPEND 8% OF OVERALL EXPENSES OVER THE NEXT FEW YRS ON IT

• FEDERAL BANK CEO: EXPECT 18% CREDIT GROWTH IN FY25, DEPOSIT GROWTH WILL BE BETWEEN 16-18%

• FEDERAL BANK CEO: IN PROCESS OF GETTING NECESSARY CLEARANCES FROM RBI TO RESTART ISSUING CO-BRANDED CREDIT CARDS

• FEDERAL BANK CEO: EXPECT SEARCH PANEL TO SEND LIST OF POTENTIAL MD, CEO CANDIDATES TO RBI IN FEW WEEKS

Source text for Eikon: [ID:]

Further company coverage: FED.NS

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