Federal Bank

Federal Bank's board approved a proposal to raise up to the equivalent of USD 500 million through foreign-currency bonds issued by its IFSC Banking Unit in GIFT City. The bonds may be issued in one or more tranches with a maximum tenor of five years, subject to regulatory and other approvals, while terms for individual tranches will be provided after the relevant board or committee meetings. The bank's capital adequacy ratio stood at 16.97% at the end of the June 2026 quarter, including Tier I capital of 15.67%. It reported net profit of ₹1,177 crore and net non-performing assets of 0.18% for that quarter.

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By Dharamraj Dhutia

MUMBAI, Aug 18 (Reuters) - Four Indian private lenders have fast-tracked plans to raise dollar bonds before the end of August, seeking to take advantage of a central bank swap facility before its early closure, after larger peers ICICI Bank ICBK.NS and Axis Bank AXBK.NS raised more than $1 billion.

Kotak Mahindra Bank KTKM.NS, YES Bank YESB.NS, IDFC First Bank IDFB.NS and Federal Bank FED.NS are together aiming to raise $1.85 billion through bond sales with maturities of up to five years, the bankers added.

Lenders are rushing to raise funds after the Reserve Bank of India last week said it would close a swap facility for FX deposits from non-resident Indians on August 31, a month earlier than planned.

Kotak Bank is leading the race as it has set its final price guidance at 108 basis points above U.S. Treasuries, 22 bps narrower than its initial guidance.

"Kotak Bank should be finalised before the end of this week, leaving the other three lenders scrambling for funds in the last week of August," one of the bankers said.

They all requested anonymity as they are not authorised to speak to the media. None of the banks responded to Reuters emails seeking comment.

YES Bank has appointed merchant bankers for a three-year bond offering, with investor calls scheduled for this week, the bankers said.

This will be the first time the private financier taps the offshore market after defaulting on its perpetual additional tier-1 bonds in 2020.

Federal Bank and IDFC First Bank, which are relatively smaller and are looking to debut in the dollar bond market, have just started scouting the market for investors, the bankers added.

The development comes after ICICI Bank raised $750 million through five-year bonds, 105 bps above Treasuries, while Axis Bank raised $300 million through three-year and three-month dollar bonds at a spread of 95 bps over Treasuries.

Indian banks have collectively raised $6.3 billion since the scheme was implemented on June 5, up from $850 million earlier this year, data from Cbonds showed, notching a record high for any calendar year.

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

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The Federal Bank held a group physical meeting with 35 named analysts and investors in Mumbai on August 14, 2026, including Enam Holdings, SBI Funds Management, Tata Asset Management, Old Bridge Capital and MK Ventures. No presentation was made during the meeting. The bank had scheduled the August 14 analyst and investor interaction in a notice dated August 10. It reported net profit of ₹1,177 crore and net non-performing assets of 0.18% for the quarter ended June 2026.

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BENGALURU, July 17 (Reuters) - Diary of India economic, corporate events on July 17

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

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Federal Bank has been assigned its first-ever international investment-grade issuer credit rating by S&P Global Ratings, receiving a long-term rating of 'BBB-' with a stable outlook. The rating represents the threshold for investment-grade status, S&P said in a statement, and places Federal Bank among a select group of Indian private-sector banks eligible for consideration by global institutional investors, sovereign wealth funds, and pension funds. S&P noted the bank’s strong capitalization, stable asset quality, and granular retail deposit base as key credit strengths, while also noting its modest market share tempers these positives. S&P expects Federal Bank to maintain a risk-adjusted capital ratio above 10% over the next two years, supported by a pending capital infusion from Blackstone-managed funds.

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July 9 (Reuters) - Federal Bank Ltd FED.NS:

• S&P: FEDERAL BANK ASSIGNED 'BBB-/A-3' RATINGS; OUTLOOK STABLE

Further company coverage: FED.NS

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Adds Bank of America statement, paragraph 7

By Jonathan Stempel

June 29 (Reuters) - The U.S. Securities and Exchange Commission fined Bank of America's BAC.N Merrill Lynch unit $7.5 million on Monday for failing to file numerous reports meant to flag money laundering and other suspicious client activity.

Merrill neither admitted nor denied wrongdoing in accepting the civil fine over failures to file numerous suspicious activity reports (SARs) from April 2020 to September 2024.

• The case stemmed from Merrill's reliance on Bank of America's transaction monitoring software to comply with the federal Bank Secrecy Act, which requires broker-dealers to file SARs with the U.S. Treasury Department’s Financial Crimes Enforcement Network.

• According to the SEC, the software aggregated potentially suspicious events into "event groups" and assigned them "risk scores."

• The SEC said Merrill investigated only event groups with risk scores of at least 20 for possible SAR filings, even though its internal analyses showed that some event groups with risk scores below 20 would trigger SAR filings if investigated.

• Merrill cooperated with the SEC probe, and filed numerous SARs after lowering the threshold for internal reviews of suspicious events, the regulator said.

• In a statement, Charlotte, North Carolina-based Bank of America said it maintains rigorous anti-money laundering practices, and continually reviews its anti-money laundering systems to detect and report suspicious activity.

(Reporting by Jonathan Stempel in New York. Editing by Mark Potter and Chizu Nomiyama )

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International Finance Corporation, the private-sector arm of the World Bank, has cut its combined stake in Federal Bank Ltd to 5.28% from 7.32% over the past seven months, selling 47.5 million shares worth roughly ₹14,400 crore. Entities IFC Financial Institutions Growth Fund and IFC Emerging Asia Fund executed the disposal in multiple tranches between November 2024 and June 2025, including several trades in the first week of June. IFC continues to hold 3.80% directly, while the two funds each retain 0.74%. The transaction was carried out in the secondary market and does not involve any change in the company's share capital or promoter group.

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By Selena Li, Scott Murdoch and Yantoultra Ngui

HONG KONG/SYDNEY, May 14 (Reuters) - Asia Pacific banks may have to raise their loan loss provisions further in the near-term as the Iran conflict darkens economic prospects in the region heavily reliant on Middle Eastern oil, analysts said.

Banks in countries including Australia, Singapore, and India flagged possible credit hits of hundreds of millions of dollars each as they reported their March quarter earnings, blaming the indirect cost of the conflict.

The surging credit loss provisions come at a time when the lenders are also facing the prospects of higher-for-longer oil prices, supply chain and trade disruptions, rising interest rates and weaker corporate balance sheets.

While higher loss provisions would not make a big dent in the short term given strong capital buffers, analysts warn that prolonged energy market disruptions could result in actual credit losses and pile pressure on banks to replenish balance sheets.

"More Asian banks have increased provisions and forward-looking overlays to reflect the risks from the Iran war," said Gary Ng, senior economist for Asia Pacific at Natixis CIB, though as yet there has not been a wave of credit defaults.

"The bottom line is that even if the war ends soon, energy prices may remain elevated due to supply destruction. Interest rates may not fall, which can hurt corporate repayment capacity and pressure credit demand," he said.

To be sure, current credit loss provision levels at Asia Pacific banks are much smaller compared to the charges they took to cope with the COVID-induced economic shocks five years ago.

For the top four Australian banks the total of A$957 million ($694.40 million)in provisions set aside for war-related risks is 80% lower than the buffer created in 2020. For eight large Asian banks, excluding China and Japan, it's 70% lower at $2.8 billion, according to Reuters calculations.

ELEVATED OIL PRICE

But it's possible to see an uptick in Asian banks' actual credit losses, Ng said, though the magnitude will depend on the duration of the war, which is now in its 11th week.

The economic toll of the conflict is mounting in the region. The Asian Development Bank cut its growth forecast for developing Asia and the Pacific to 4.7% this year and 4.8% in 2027, down from 5.1% for both years previously.

The regional banking sector's earnings are set to worsen next quarter in light of the elevated oil prices, weaker currencies, and soaring bond yields, said Interactive Brokers senior economist José Torres.

Australia's top lender, Commonwealth Bank of Australia CBA.AX, lost nearly $22 billion in market value on Wednesday, after it set aside more cash to prepare for risks linked to the Middle East conflict.

Over the past two weeks, Australia's other three leading banks have raised provisioning by A$757 million ($549.13 million) to cover future potential bad debts arising from the war.

Still, Australian banks' current provisions could prove too low if the turmoil leads to a credit market disruption, investment bank Jarden's head of financial research Matthew Wilson said.

"It's all ahead of us. Banks are late cycle and we'll see the real impact on the domestic economy via industrials and cyclicals in the next 6 months," Wilson said, adding it was too early to tell if a credit market disruption was on the cards.

'CONSERVATIVE ESTIMATE'

In Singapore, while all three big lenders have limited direct exposure to the Middle East with the region accounting for less than 3% of their total lending, No.2 lender OCBC OCBC.SI set aside S$216 million ($170 million) in provisions.

Singapore's United Overseas Bank UOBH.SI CEO Wee Ee Cheong said last week the bank's direct exposure to the Middle East was "insignificant", but warned that second-order effects could raise costs for small and medium-sized enterprise customers.

London-headquartered HSBC HSBA.L and Standard Chartered STAN.L, which make the bulk of their revenues in Asia, booked $300 million and $190 million charges, respectively, in the March quarter citing caution.

"We think further provisions (at HSBC and StanChart) are not impossible, given the fluid nature of the ongoing conflicts," said Kathy Chan, equity analyst at Morningstar, adding the two banks have been quite prudent in assessing risks.

In India, about half a dozen lenders, including HDFC Bank HDBK.NS, Axis Bank AXBK.NS, and Blackstone-backed Federal Bank FED.NS, have created provision buffers, though they have not seen any deterioration in asset quality yet.

Shares of Australian banks have taken the biggest hit in the Asian banking sector, with National Australia Bank NAB.AX falling 21.2% and Westpac WBC.AX dropping 12.4% since the U.S. and Israel's war on Iran started on Feb. 28.

"The provisioning that has currently been made represents a conservative estimate of the effects to date," said Angus Gluskie, managing director at Whitefield, which owns Australia's big 4 bank stocks and manages A$1.5 billion in assets.

"If the issue can be quickly solved the provisions may be partly wound back. If the issue persists, the banks may need to provide more."

($1 = 1.3785 Australian dollars)

($1 = 1.2723 Singapore dollars)

(Reporting by Selena Li in Hong Kong, Scott Murdoch in Sydney, Yantoultra Ngui and Rae Wee in Singapore, additional reporting by Ira Dugal and Gopika Gopakumar in Mumbai; Editing by Sumeet Chatterjee and Kim Coghill)

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May 7 (Reuters) - Federal Bank Ltd FED.NS:

• FEDERAL BANK LTD - RBI APPROVES KOTAK MAHINDRA BANK TO BUY UP TO 9.99% IN FEDERAL BANK

Source text: ID:nBSE3DVnbc

Further company coverage: FED.NS

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

• FEDERAL BANK LTD - TO BUY RETAIL CREDIT CARD PORTFOLIO FROM STANDARD CHARTERED BANK INDIA

• FEDERAL BANK- EXECUTED DEED OF ASSIGNMENT TO BUY SELECT PORTFOLIO OF RETAIL CREDIT CARDS FROM STANDARD CHARTERED BANK, INDIA

Source text: ID:nBSE5RKsW6

Further company coverage: FED.NS

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** Shares of India's Federal Bank FED.NS fall 1.07% to 281.70 rupees

** Co reported a 22.21% y/y rise in quarterly profit to 12.59 billion rupees ($132.12 million) on Wednesday

GROWTH TRAILS PEERS; ASSET-QUALITY TRENDS MIXED

** Morgan Stanley ("Equal-weight"; TP:260 rupees) says earnings were largely in line with estimates, but loan and deposit growth lagged the wider banking system even as asset quality remained stable

** JPMorgan ("Neutral"; TP:305 rupees) flags rise in slippages across retail and wholesale segments as an area of concern despite steady delivery on margins and costs

** Citi ("Neutral"; TP:290 rupees) says core NIMs and credit costs remained stable but advances growth lagged

** Kotak Institutional Equities ("Buy"; TP:335 rupees) says execution remains consistent beneath one-offs, with improving loan growth trajectory expected as portfolio realignment progresses

** Investec ("Buy"; TP:325 rupees) says healthy growth in savings and current account deposits and improving fee income supported core profitability despite credit growth still trailing

($1 = 95.2887 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru; Editing by Ronojoy Mazumdar)

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April 29 (Reuters) - Federal Bank Ltd FED.NS:

• FEDERAL BANK LTD - APPOINTS MANIKANDAN M AS CFO

• FEDERAL BANK LTD - VENKATRAMAN VENKATESWARAN TO BE RELIEVED AS CFO EFFECTIVE APRIL 30, 2026

Source text: ID:nBSE2dw8Tt

Further company coverage: FED.NS

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March 23 (Reuters) - India's Kotak Mahindra Bank is set to acquire Deutsche Bank's India retail business in a deal estimated at about 45 billion rupees ($480.3 million), the Economic Times reported on Monday, citing multiple people familiar with the matter.

Kotak KTKM.NS was chosen as the preferred bidder over Federal Bank FED.NS, the newspaper said, adding that the deal could be announced as early as next week and that the final price may be adjusted at closing.

Deutsche Bank DBKGn.DE and Kotak Mahindra Bank did not immediately respond to Reuters' requests for comment.

In 2022, Citi sold its credit card and retail businesses for more than $1 billion as it exited certain global consumer units over shrinking market share. Last year, Standard Chartered sold its India personal loan portfolio of $488 million to Kotak Mahindra Bank.

Deutsche Bank wants to exit its India retail banking operations, which spans 17 branches, sources told Reuters last year.

The lender's retail banking revenue in India for the financial year ended March 31, 2025 stood at $278.3 million, per its disclosures.

($1 = 93.6850 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru; Editing by Sumana Nandy)

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By Gopika Gopakumar and Aditya Kalra

MUMBAI, March 18 (Reuters) - Standard Chartered STAN.L is reviewing offers from Kotak Mahindra Bank KTKM.NS and Federal Bank FED.NS to acquire the British lender's up to 600,000 customers in India who only have credit card accounts, two sources with knowledge of the matter said.

The potential divestment is part of StanChart's strategy to reduce focus on single-product clients, they said.

The London-based lender has been offloading non-core components of its portfolio in India to improve its profitability. Last year, Standard Chartered sold its India personal loan business that at the time was valued at $488 million to Kotak Mahindra Bank.

Kotak and Federal have submitted final offers for acquiring StanChart's India portfolio of credit-card-only customers, who have no other relationship with the bank and are considered non-core to its business, said the two sources, who declined to be named as the deal talks are private.

The financial details of Kotak and Federal's proposals were not immediately clear.

The Indian lenders and Standard Chartered did not respond to requests for comment.

"StanChart is currently reviewing both of these offers and it is expected to take some time," one of the sources said, adding that the potential sale does not indicate the bank is completely exiting the credit-card business.

The move is linked to the bank's strategy to get rid of "non-core accounts," the person said.

StanChart's plan to sell the portfolio of cards has been reported. But Reuters is first to report that Kotak and Federal are in the race for it.

THE BUSINESS OF CARDS

For the two Indian lenders, acquiring the portfolio could present an opportunity to scale up their credit card base and reduce customer acquisition costs in a competitive market for such products.

Kotak has 4.5 million issued credit cards in India, while Federal has 2 million. That compares with StanChart's 670,000 credit cards in the country.

After the deal, StanChart plans to retain around 70,000 Indian credit card customers, affluent clients who have other banking relationships with the lender, the second source said.

On a call last year, StanChart interim Chief Financial Officer Pete Burrill said the bank was focused on offloading portfolios tied to single products without broader client relationships or those outside the affluent category.

While it is reducing its focus on credit-card-only customers in India, StanChart in January launched an invite-only "Beyond Credit Card" for priority clients, in what it described as its "strategic pivot to the wealth and affluent segment."

StanChart is among several foreign banks that are scaling back their retail operations in India due to stiff competition from local firms.

In 2023, Citigroup C.N exited the market by divesting its India retail franchise to Axis Bank AXBK.NS, while Deutsche Bank DBKGn.DE is exploring a sale of its retail and wealth management business in the country.

StanChart's 2025 annual report said it generated operating income of $1.6 billion from India, which was 7.8% of the bank's total global income.

(Reporting by Gopika Gopakumar and Aditya Kalra; Editing by Thomas Derpinghaus)

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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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