Total Business: Reached Rs 4,38,776.39 crore, representing an 18.72% growth.
Net Profit: Recorded its highest ever at Rs 1,006.74 crore, a 25.28% increase from the previous year.
Operating Profit: Stood at Rs 1,437.33 crore, a YoY increase of 12.80%.
Net Interest Income: Highest ever at Rs 2,123.36 crore, up by 8.53%.
Deposits and Advances
Total Deposits: Grew by 18.96%, rising from Rs 2,01,408.12 crore to Rs 2,39,591.16 crore.
Net Advances: Increased by 18.44%, from Rs 1,68,173.13 crore to Rs 1,99,185.23 crore.
Segment Advances
Retail Advances: Up by 20.39%, totaling Rs 65,041.08 crore.
Business Banking Advances: Increased by 17.80%, reaching Rs 16,679.75 crore.
Commercial Banking: Grew by 25.99% to Rs 20,773.55 crore.
Corporate Advances: Saw a 14.38% increase, amounting to Rs 71,978.41 crore.
CV/CE Advances: Surged by 66.06%, reaching Rs 3,057.00 crore.
Asset Quality
Gross NPA: Stood at 2.29%, equating to Rs 4,628.79 crore.
Net NPA: Was at 0.64%, translating to Rs 1,284.37 crore.
Provision Coverage Ratio: Excluding technical write-offs, recorded at 71.08%.
Capital and Ratios
Net Worth: Increased to Rs 28,084.72 crore.
Capital Adequacy Ratio (CAR): Basel III compliant CAR at 15.02%.
Other Indicators:
Earnings Per Share (EPS): Annualized at Rs 16.54.
Return on Assets (ROA): For Q3 was at 1.39%.
Return on Equity (ROE): For Q3 stood at 14.80%.
Shyam Srinivasan, Managing Director & CEO of Federal Bank, expressed his views on this remarkable achievement, “I am pleased that our team's dedicated effort has helped us register an all-time high net profit of 1007 crore, a significant milestone in the journey of any organization which is dedicated to both growth and excellence.
With an increase of over 100 branches in the past calendar year and a similar number planned for this year, our growth trajectory is well poised to sustain this positive momentum.
As we grow and diversify across products, segments, and geography, we are further inspired to deliver on our purpose for existence, which is to be the Most Admired Bank in India.”
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.
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.
Federal Bank share price as on 18 Apr 2024 is Rs. 152.1. Over the past 6 months, the Federal Bank share price has increased by 2.39% and in the last one year, it has increased by 15.8%. The 52-week low for Federal Bank share price was Rs. 121 and 52-week high was Rs. 166.35.
You can buy Federal Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Federal Bank Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Apr 16, 2024 03:59 PM the closing price of Federal Bank Ltd was ₹ 152.10.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 16, 2024 03:59 PM, the market cap of Federal Bank Ltd stood at ₹ 37,011.77.