FEDERALBNK

Feb 19 (Reuters) - Federal Bank Ltd FED.NS:

• RECEIVES ORDERS FROM INCOME TAX DEPARTMENT

• TO RECEIVE REFUND OF 6.86 BILLION RUPEES

Source text: ID:nBSE1nSTFh

Further company coverage: FED.NS

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Adds details from paragraph 2 onwards

Feb 5 (Reuters) - The Indian central bank has approved private equity firm Blackstone's acquisition of up to a 9.99% stake in Federal Bank FED.NS, the private lender said on Thursday.

The deal, which would make Blackstone the largest shareholder in the bank, adds to the growing list of large investments by marquee investors in the financial services sector in India.

Blackstone in October had agreed to invest around $700 million in Federal Bank for a 9.9% stake.

The private equity firm's investment will be done through a Singapore-based affiliate, with the agreement giving Blackstone the right to nominate a non-executive director to the lender's board, Federal Bank had said.

Dealmaking in India's private banking sector has gained momentum over the past year.

Dubai-based Emirates NBD agreed to buy a 60% stake in RBL Bank RATB.NS in October, while Japan's Sumitomo Mitsui Banking Corporation purchased a 20% stake in Yes Bank YESB.NS in May, followed by an additional 4.2% stake in September.

($1 = 90.2620 Indian rupees)

(Reporting by Nishit Navin; Editing by Shreya Biswas)

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**Shares of Federal Bank FED.NS rise as much as 3.2% to a fresh record high of 279 rupees, making them the top gainer on Nifty Private Bank index .NIFPVTBNK

** Adds 13% in two sessions after Q3 profit rise

** Investec analysts say FED steadily enhancing its loan mix, CASA and fee income while preserving strong asset quality, driving RoA expansion by FY28e

** Gross NPAs stood at 1.72% vs 1.95% year ago

** More than 20.5 million shares change hands on the day, more than double the 30-day avg volume

** Stock rated "Buy" on average by 33 analysts; median PT at 302.5 rupees per data compiled by LSEG

** FED rose 33.5% in 2025 vs a 15.9% rise in the Nifty Private Bank index

(Reporting by Mridula Kumar in Bengaluru)

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

• Q3 NIM 3.18%

Source text: ID:nBSEpXttS

Further company coverage: FED.NS

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Jan 12 (Reuters) -

• DEUTSCHE BANK AG’S INDIA RETAIL ASSETS AND WEALTH MANAGEMENT HAVE DRAWN BINDING BIDS FROM KOTAK MAHINDRA BANK AND FEDERAL BANK -BLOOMBERG NEWS

Source text: https://tinyurl.com/yn6rsvxf

Further company coverage: [DBKGn.DE]

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Updates January 9 story to add company disclosure issued late on Friday in paragraphs 7-8

By Gopika Gopakumar

MUMBAI, Jan 10 (Reuters) - India's central bank has raised objections to Bain Capital's plan to acquire a controlling stake in Manappuram Finance as the U.S. firm has a controlling interest in another Indian lender, three people with direct knowledge of the matter said.

Shares in Manappuram MNFL.NS slid on the news, extending losses to close down 7.8%.

The Reserve Bank of India frowns on investors having control of multiple lenders - whether they be banks or non-banks. Private equity firms that have held 20% or more in non-bank lenders have previously had to divest holdings in the face of RBI opposition.
Bain, which announced its planned investment in the gold loan firm last March, is exploring a phased divestment in Tyger Capital, a smaller firm, to address the RBI's concerns, one of the people said.

The sources were not authorised to speak to media and declined to be identified.

Asked for comment, Bain Capital Special Situations fund, which holds Bain's investment in Tyger Capital, said it has not announced and does not have any plans currently to sell a controlling stake.

The fund is "focused and fully committed to growing Tyger Capital to achieve its full potential in partnership with its management team, given the strong fundamentals and growth opportunities in the markets it serves," it said in a statement late on Friday.

Manappuram, which extends loans where gold is used as collateral, in a late Friday statement to stock exchanges said the Reuters story was "factually incorrect and speculative in nature", without elaborating. However, it said the company had responded to certain clarifications sought by the RBI.

"The necessary filings (including responses to clarifications sought from RBI) have been made ... approval of the RBI for the proposed transaction is pending," Manappuram said.

RBI did not respond to requests for comment. Tyger declined to comment.

Bain received approval for the Manappuram deal, which was announced last March, from India's market regulator and the competition commission, but the RBI is the final authority for the clearance of any large stake purchases in banks and non-bank lenders.

The proposed deal calls for Bain to acquire 18% of Manappuram for around 44 billion rupees ($490 million), after which it would launch an open offer for an additional 26%. That would make Bain one of two controlling shareholders with the right to influence management decisions.

The investments would be made through two of its funds, BC Asia Investments XXV and BC Asia Investments XIV.

Bain owns 93% of non-bank lender Tyger Capital, formerly Adani Capital, after purchasing shares from the Adani family in 2023.

Bain has argued that the investments are being made through different funds and teams, but that argument is unlikely to sway the RBI, according to one source.

Manappuram has a 315 billion rupee ($3.5 billion) loan book, focused on fast-growing gold loans. Tyger has a smaller asset base of 73.2 billion rupees that includes business, farm and home loans.

India's financial sector saw a rush of foreign investments last year. Japan's MUFG 8306.T announced in December it would take a 20% stake in Shriram Finance for $4.4 billion. Blackstone BX.N agreed in October it would pay around $700 million for a 9.9% stake in India's Federal Bank FED.NS.

(Reporting by Gopika Gopakumar; Editing by Ira Dugal, Edwina Gibbs and William Mallard)

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** 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:

• Q3 NIM AT 3.11%

Source text: ID:nBSE7V7zwL

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

Further company coverage: FED.NS

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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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