FEDERALBNK

** 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)

(([email protected]))

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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** Federal Bank FED.NS shares up 2.3% to 211 rupees, a nearly 6-month high

** Stock top pct gainer on Nifty bank index .NSEBANK, which is down 0.8%

** Over 2.5 million shares traded in three block deals priced between 207.66 and 212.01 rupees per share - as per data compiled by LSEG

** The deals valued the stock at a premium of between 0.7% and 2.8% from the last close price of 206.25 rupees

** Overall 17 million shares traded, 1.8x the 30-day avg

** Stock up 5.5% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

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)

(([email protected]; +91 9769003463;))

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)

(([email protected]; +918447554364;))

** 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)

(([email protected];))

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)

(([email protected]))

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)

(([email protected]))

** 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)

(([email protected] ; ( +91 8078332441))

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

• Q2 NET PROFIT 10.57 BILLION RUPEES; IBES PROFIT EST. 9.94 BILLION RUPEES

• Q2 GROSS NPA 2.09%

• Q2 INTEREST EARNED 65.77 BILLION RUPEES

• Q2 NET NPA 0.57%

• Q2 PROVISIONS AND CONTINGENCIES 1.58 BILLION RUPEES

• APPROVED RAISING FUNDS OF UP TO 15 BLN RUPEES VIA NON- CONVERTIBLE DEBENTURES

Source text: [ID:]

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)

(([email protected]; +91 9769003463;))

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)

(([email protected];))

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:

• Q1 NET PROFIT 10.1 BILLION RUPEES

• Q1 GROSS NPA 2.11%

• Q1 INTEREST EARNED 63.31 BILLION RUPEES

• Q1 NET NPA 0.6%

• Q1 PROVISIONS AND CONTINGENCIES 1.44 BILLION RUPEES

Further company coverage: FED.NS

(([email protected];))

** Shares of India's Federal Bank FED.NS climb as much as 5.5% to a record high of 203.44 rupees, last up 3%

** Co said Reserve Bank of India has approved appointment of KVS Manian, former joint MD of Kotak Mahindra Bank KTKM.NS, as its MD and CEO

** KVS Manian's background ticks most of the key boxes that investors would look for in a bank CEO, said analysts at Yes Securities

** Focus would also be on long-term bottom-up change, brokerage adds

** Nifty Private Bank index .NIFPVTBNK, which FED is a part of, up 0.2%

** Average rating on the stock is "buy", median TP 195 rupees - LSEG data

** YTD stock has risen 28% vs ~5% gain in Nifty private bank index

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

BENGALURU, July 22 (Reuters) - Federal Bank FED.NS said on Monday that the Reserve Bank of India (RBI) has approved the appointment of KVS Manian as the Indian lender's managing director and chief executive officer for a period of three years.

KVS Manian was the joint managing director of Kotak Mahindra Bank KTKM.NS till April, 2024 and was short-listed as CEO candidate for Federal Bank, as per reports.

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Shailesh Kuber)

(([email protected];))

** 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)

(([email protected]))

** Shares of private lender Federal Bank FED.NS rise ~ 4% to record high of 181.86 rupees

** Co reports ~ 20% jump in provisional gross advances and total deposits for Q1

** 23 of 29 analysts tracking rate at "buy" or above, 5 "hold"; 1 "strong sell" with median PT at 195 rupees, as per LSEG data

** FED top gainer in private bank index .NIFPVTBNK, which is up 2%

** Stk up 16% YTD vs 6% gains in private bank index

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** 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)

(([email protected]; +918447554364;))

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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April 18 (Reuters) - Federal Bank Ltd FED.NS:

• RECEIVED APPROVAL FROM RESERVE BANK OF INDIA TO ESTABLISH REPRESENTATIVE OFFICE IN KINGDOM OF SAUDI ARABIA

Source text for Eikon: ID:nBSE4yz8Tr

Further company coverage: FED.NS

(([email protected];))

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

• FEDERAL BANK LTD - GROSS ADVANCES GREW BY 20% Y/Y AS OF MARCH 31

• FEDERAL BANK LTD - TOTAL DEPOSITS UP 18.4% Y/Y, AS OF MARCH 31

Source text for Eikon: ID:nBSE1yG66C

Further company coverage: FED.NS

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