Jul 07, 2022 12:50 PM
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Federal Bank Limited is a private banking company and with a market capitalisation of Rs. 17,493 crores as of 17th August 2021. The bank was incorporated on 23rd April 1931. It posted a Net Interest Income (NII) of Rs. 1418 crores for the quarter ended June 2021. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 500469 and scrip code FEDERALBNK. As of 17th August 2021, the shares of the bank were trading at Rs. 83.25.
The bank functions in four different segments- treasury, corporate or wholesale banking, retail banking, and other banking operations. It is one of the superior commercial banks in the country has more than 1200 branches and approximately 1900 ATM/Recyclers spread across different states in India. It is a forerunner among India’s conventional banks in terms of leveraging technology to improve operations, and it was one of the first banks to computerise all of its branches. Mr. Shyam Srinivasan is the Managing Director and CEO of the bank since 2010. He possesses 20 years of experience with leading multinational banks in India, the Middle East, and Southeast Asia. Federal Bank has zero promoters holding the majority of the shareholding is held by Mutual Funds and Foreign Institutional Investors (FII) holding 32.02% and 27.55% respectively of the total shareholding in the bank in June 2021.
In June 2021, Federal Bank reported a standalone net profit of Rs. 367.30 crores, down 8.30% from Rs. 400.70 crores in the same quarter of the previous fiscal. The bank’s net interest income (NII) rose 9.40% to Rs. 1,418 crores as against Rs. 1,296 crores year-on-year (YoY). Gross non-performing assets stood at 3.50% during the quarter as against 3.40% in the previous quarter, whereas its net NPA came at 1.23% versus 1.19% on a sequential basis. The provisions and contingencies rose to Rs. 641.80 crores as compared to Rs. 243.30 crores quarter-on-quarter (QoQ) and Rs. 394.60 YoY. EPS of the banking company decreased to Rs. 1.79 in June 2021 as against 2.61 in March 2021. Over the last 5 years, the company’ market share has increased from 2.53% to 2.60%, and net income has grown at a yearly rate of 27.89%, vs industry average of 11.53%. Federal Bank’s shares closed at Rs. 83.25 on 17th August 2021 and has given a return of 57.52% over the last 12 months.
P B No 103 Federal Towers, , Aluva, Kerala, 683101
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