Federal Bank Q1 Review - Strong Quarter, Improvement In RoAs Continues: Anand Rathi
Federal Bank Q1 Review - Strong Quarter, Improvement In RoAs Continues: Anand Rathi
BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Federal Bank Ltd.'s higher margins and lower opex led to a 721 basis points betterment of the cost/income ratio. Strong operating performance and benign credit cost (41 bps) led to improved return on asset.
Asset quality was stable as slippages were in line with expectations. With the formation of stress lower than earlier envisaged, recoveries in earnings would be better.
Given Federal Bank’s strong liability franchise and capitalisation, it is set to gain market share in the near term.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.