Federal Bank
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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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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
(([email protected];))
July 9 (Reuters) - Federal Bank Ltd FED.NS:
S&P: FEDERAL BANK ASSIGNED 'BBB-/A-3' RATINGS; OUTLOOK STABLE
Further company coverage: FED.NS
(([email protected];))
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 )
(([email protected] ; +1 646 223 6317; Reuters Messaging: [email protected] /))
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 )
(([email protected] ; +1 646 223 6317; Reuters Messaging: [email protected] /))
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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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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Regional banks raise provisions amid higher oil prices and economic uncertainty
Some banks have set aside hundreds of millions of dollars to cover potential bad loans
Analysts warn prolonged conflict could trigger actual credit losses and balance sheet pressure
Australian banks see largest share price declines since conflict began
No wave of credit defaults seen yet
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)
Some bank shares fall as provisioning risks rise https://reut.rs/4uH33Pf
(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)
(([email protected];))
Regional banks raise provisions amid higher oil prices and economic uncertainty
Some banks have set aside hundreds of millions of dollars to cover potential bad loans
Analysts warn prolonged conflict could trigger actual credit losses and balance sheet pressure
Australian banks see largest share price declines since conflict began
No wave of credit defaults seen yet
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)
Some bank shares fall as provisioning risks rise https://reut.rs/4uH33Pf
(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)
(([email protected];))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];))
Adds details in paragraph 3
April 30 (Reuters) - Standard Chartered STAN.L will sell a portfolio of 450,000 Indian credit cards to Federal Bank FED.NS, the latter said on Thursday, as the London-listed lender shifts focus to wealth business in Asia's third-largest economy.
StanChart, which earns most of its revenue in Asia, Africa and the Middle East, had about 640,000 credit cards in India as of March, according to the latest regulatory data.
The lender is selling a part of its India portfolio, where customers only hold credit cards and don't have a wider banking relationship, Reuters reported in March. StanChart had been reviewing offers from Federal Bank and peer Kotak Mahindra Bank KTKM.NS.
The deal with the Kerala-based Federal Bank is expected to close by the end of 2026. The deal value would depend on consent from customers and the balances at the time of transfer, Federal Bank said in a statement, adding that the portfolio is being valued at around 1.5 to 1.6 times implied equity.
"This decision is in line with our strategic shift towards building deeper, multi-product relationships with our clients," Aditya Mandloi, Standard Chartered's head of wealth and retail banking in India and South Asia, said.
The bank, which on Thursday posted a better-than-expected 17% profit gain, has been selling non-core businesses in India.
Last year, Standard Chartered sold its India personal loan business, valued at $488 million at the time, to Kotak Mahindra Bank.
For Federal Bank, the acquisition represents "a compelling and strategic addition" to its retail credit franchise, chief executive KVS Manian said. The Indian lender has over 2 million credit card customers.
Shares of Standard Chartered UK-listed shares were trading up 0.3% while Federal Bank shares were up 0.7% as on 0950 GMT.
India has 118 million outstanding credit cards with the likes of HDFC Bank HDBK.NS, SBI Card SBIC.NS and ICICI Bank ICBK.NS among the prominent issuers.
(Reporting by Urvi Dugar and Chandini Monnappa in Bengaluru and Ashwin Manikandan in Mumbai; Editing by Sherry Jacob-Phillips and Mrigank Dhaniwala)
(([email protected]; +91 9558725583;))
Adds details in paragraph 3
April 30 (Reuters) - Standard Chartered STAN.L will sell a portfolio of 450,000 Indian credit cards to Federal Bank FED.NS, the latter said on Thursday, as the London-listed lender shifts focus to wealth business in Asia's third-largest economy.
StanChart, which earns most of its revenue in Asia, Africa and the Middle East, had about 640,000 credit cards in India as of March, according to the latest regulatory data.
The lender is selling a part of its India portfolio, where customers only hold credit cards and don't have a wider banking relationship, Reuters reported in March. StanChart had been reviewing offers from Federal Bank and peer Kotak Mahindra Bank KTKM.NS.
The deal with the Kerala-based Federal Bank is expected to close by the end of 2026. The deal value would depend on consent from customers and the balances at the time of transfer, Federal Bank said in a statement, adding that the portfolio is being valued at around 1.5 to 1.6 times implied equity.
"This decision is in line with our strategic shift towards building deeper, multi-product relationships with our clients," Aditya Mandloi, Standard Chartered's head of wealth and retail banking in India and South Asia, said.
The bank, which on Thursday posted a better-than-expected 17% profit gain, has been selling non-core businesses in India.
Last year, Standard Chartered sold its India personal loan business, valued at $488 million at the time, to Kotak Mahindra Bank.
For Federal Bank, the acquisition represents "a compelling and strategic addition" to its retail credit franchise, chief executive KVS Manian said. The Indian lender has over 2 million credit card customers.
Shares of Standard Chartered UK-listed shares were trading up 0.3% while Federal Bank shares were up 0.7% as on 0950 GMT.
India has 118 million outstanding credit cards with the likes of HDFC Bank HDBK.NS, SBI Card SBIC.NS and ICICI Bank ICBK.NS among the prominent issuers.
(Reporting by Urvi Dugar and Chandini Monnappa in Bengaluru and Ashwin Manikandan in Mumbai; Editing by Sherry Jacob-Phillips and Mrigank Dhaniwala)
(([email protected]; +91 9558725583;))
April 29 (Reuters) - Federal Bank Ltd FED.NS:
FEDERAL BANK LTD- APPROVED APPOINTMENT OF MANIKANDAN M AS CFO
Source text: ID:nNSE8fDYnt
Further company coverage: FED.NS
(([email protected];))
April 29 (Reuters) - Federal Bank Ltd FED.NS:
FEDERAL BANK LTD- APPROVED APPOINTMENT OF MANIKANDAN M AS CFO
Source text: ID:nNSE8fDYnt
Further company coverage: FED.NS
(([email protected];))
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)
(([email protected]; +91 9558725583;))
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)
(([email protected]; +91 9558725583;))
StanChart puts portfolio of 600,000 credit-card-only customers up for sale
Kotak Mahindra Bank, Federal Bank submit final bids
StanChart to focus on growing affluent credit card business to improve profitability
StanChart not completely exiting credit card business in India
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)
(([email protected];))
StanChart puts portfolio of 600,000 credit-card-only customers up for sale
Kotak Mahindra Bank, Federal Bank submit final bids
StanChart to focus on growing affluent credit card business to improve profitability
StanChart not completely exiting credit card business in India
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)
(([email protected];))
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
(([email protected];))
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
(([email protected];))
Feb 5 (Reuters) - India's central bank has given its approval to Blackstone for acquiring an aggregate stake of up to 9.99% in Federal Bank FED.NS, the private lender said on Thursday.
(Reporting by Nishit Navin; Editing by Shreya Biswas
)
(([email protected];))
Feb 5 (Reuters) - India's central bank has given its approval to Blackstone for acquiring an aggregate stake of up to 9.99% in Federal Bank FED.NS, the private lender said on Thursday.
(Reporting by Nishit Navin; Editing by Shreya Biswas
)
(([email protected];))
**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)
(([email protected];))
**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)
(([email protected];))
Jan 16 (Reuters) - Federal Bank Ltd FED.NS:
FEDERAL BANK Q3 NET PROFIT 10.41 BILLION RUPEES
FEDERAL BANK Q3 GROSS NPA 1.72%
FEDERAL BANK Q3 INTEREST EARNED 68.68 BILLION RUPEES
FEDERAL BANK Q3 PROVISIONS AND CONTINGENCIES 3.32 BILLION RUPEES
Source text: [ID:]
Further company coverage: FED.NS
(([email protected];;))
Jan 16 (Reuters) - Federal Bank Ltd FED.NS:
FEDERAL BANK Q3 NET PROFIT 10.41 BILLION RUPEES
FEDERAL BANK Q3 GROSS NPA 1.72%
FEDERAL BANK Q3 INTEREST EARNED 68.68 BILLION RUPEES
FEDERAL BANK Q3 PROVISIONS AND CONTINGENCIES 3.32 BILLION RUPEES
Source text: [ID:]
Further company coverage: FED.NS
(([email protected];;))
Community Financial System, Inc.'s wholly-owned banking subsidiary, Community Bank, N.A., has entered into an agreement to acquire ClearPoint Federal Bank & Trust. ClearPoint, a national leader in trust administration for the death care industry with over $1.5 billion in assets under management, will retain its brand and offerings after the transaction. The $40 million all-cash deal is expected to significantly expand the revenue and offerings of Nottingham Financial Group, CFSI's wealth management services business. The transaction is anticipated to close in the second quarter of 2026, pending shareholder and regulatory approvals.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Community Financial System Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260115164660) on January 15, 2026, and is solely responsible for the information contained therein.
Community Financial System, Inc.'s wholly-owned banking subsidiary, Community Bank, N.A., has entered into an agreement to acquire ClearPoint Federal Bank & Trust. ClearPoint, a national leader in trust administration for the death care industry with over $1.5 billion in assets under management, will retain its brand and offerings after the transaction. The $40 million all-cash deal is expected to significantly expand the revenue and offerings of Nottingham Financial Group, CFSI's wealth management services business. The transaction is anticipated to close in the second quarter of 2026, pending shareholder and regulatory approvals.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Community Financial System Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260115164660) on January 15, 2026, and is solely responsible for the information contained therein.
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]
(([email protected];))
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]
(([email protected];))
RBI frowns on control of multiple financial institutions
Bain exploring phased divestment of Tyger Capital, source says
Bain plans to buy 18%, then up to another 26% of Manappuram
Bain says in statement it has no plans to sell controlling stake in Tyger
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)
(([email protected];))
RBI frowns on control of multiple financial institutions
Bain exploring phased divestment of Tyger Capital, source says
Bain plans to buy 18%, then up to another 26% of Manappuram
Bain says in statement it has no plans to sell controlling stake in Tyger
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)
(([email protected];))
** 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)
** 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)
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.
India's banking stocks outperform benchmark Nifty 50 in 2025 so far https://reut.rs/3L0MOek
Brokerages expect profit after tax (PAT) of India's banks to decline in Q2 https://reut.rs/4nTdNXK
What brokerages expect from Q2 earnings of India's key lenders https://reut.rs/46XpMwd
(Reporting by Nishit Navin and Bharath Rajeswaran; Editing by Eileen Soreng)
(([email protected]; +91 8340791532))
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.
India's banking stocks outperform benchmark Nifty 50 in 2025 so far https://reut.rs/3L0MOek
Brokerages expect profit after tax (PAT) of India's banks to decline in Q2 https://reut.rs/4nTdNXK
What brokerages expect from Q2 earnings of India's key lenders https://reut.rs/46XpMwd
(Reporting by Nishit Navin and Bharath Rajeswaran; Editing by Eileen Soreng)
(([email protected]; +91 8340791532))
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
(([email protected];;))
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
(([email protected];;))
** 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)
** 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)
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
(([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
(([email protected];;))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];;))
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
(([email protected];;))
** 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;))
** 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
(([email protected];;))
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
(([email protected];;))
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
(([email protected];;))
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
(([email protected];;))
** 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 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;))
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Popular questions
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What does Federal Bank do?
Federal Bank Limited is a major Indian commercial bank known for its technological advancements and wide range of financial services offered to customers.
Who are the competitors of Federal Bank?
Federal Bank major competitors are AU Small Fin. Bank, Indusind Bank, Yes Bank, IDFC First Bank, RBL Bank, Bandhan Bank, Karur Vysya Bank. Market Cap of Federal Bank is ₹81,424 Crs. While the median market cap of its peers are ₹67,048 Crs.
Is Federal Bank financially stable compared to its competitors?
Federal Bank seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Federal Bank pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Federal Bank latest dividend payout ratio is 7.09% and 3yr average dividend payout ratio is 7.13%
How has Federal Bank allocated its funds?
Company has been allocating majority of new resources to productive uses like advances.
How strong is Federal Bank balance sheet?
Latest balance sheet of Federal Bank is weak, and historically as well.
Is the profitablity of Federal Bank improving?
Yes, profit is increasing. The profit of Federal Bank is ₹4,483 Crs for TTM, ₹4,156 Crs for Mar 2025 and ₹3,838 Crs for Mar 2024.
Is Federal Bank stock expensive?
Yes, Federal Bank is expensive. Latest PE of Federal Bank is 18.57, while 3 year average PE is 11.6. Also latest Price to Book of Federal Bank is 2.02 while 3yr average is 1.42.
Has the share price of Federal Bank grown faster than its competition?
Federal Bank has given better returns compared to its competitors. Federal Bank has grown at ~16.3% over the last 8yrs while peers have grown at a median rate of -5.54%
Is the promoter bullish about Federal Bank?
There is Insufficient data to gauge this.
Are mutual funds buying/selling Federal Bank?
The mutual fund holding of Federal Bank is decreasing. The current mutual fund holding in Federal Bank is 38.11% while previous quarter holding is 38.16%.