The rumoured #KotakMahindraBank-#FederalBank merger: What works vs what does not.

The #FederalBank's target price has been raised by brokerages after it reported a 54% year-on-year rise in profit for the December quarter.

#FederalBank to report its #Q4 results today, May 5. The street is expecting improvement in operating efficiency while asset quality is likely to remain stable. Brokerages estimate NIM to decline on quarterly basis. Focus would also be on commentary.

Expect risk weight to loan ratio to decrease in coming quarters. Target loan growth of 18-20% in FY24. Expect corp growth in FY24 to be similar to FY23 levels; aided by commercial segment, says Shyam Srinivasan of #FederalBank

Like #SBI & #BankofBaroda at current levels. #FederalBank is a preferred bet as well. Eicher’s growth will be 2x of Hero MotoCorp, says Rahul Arora of Nirmal Bang Instl Equities

#FederalBank reports #Q1 earnings.

Net profit at ₹854 cr vs CNBC-TV18 poll of ₹837.9 cr (YoY)

#FederalBank launches #QIP, floor price at Rs 132.59/share

#FederalBank launches #QIP at floor price of Rs 132.59 per share

#FederalBank approves allocation of 23 crore shares to QIPs at Rs 131.9 apiece.

#FederalBank wants more low-cost #deposits in the wake of rising #cost of funds

https://t.co/B399od7lZG

#FederalBank
- CASA ratio at 14qtr low; business momentum strong, QOQ
Deposits at Rs232871cr, up 23.1%YOY & 4.66%QOQ
CASA ratio at 31.17% vs 36.41%YOY & vs 31.85%QOQ
Calculated CASA at Rs72586cr, up 5.4%YOY & 2.4%QOQ
Customer deposits at Rs218938cr, up 19.6%YOY & 4.05%QOQ
Advances at Rs195973cr, u 19.5%YOY & 5.03%QOQ
Calculated CD ratio at 84.2% vs 86.7%YOY & vs 83.9%QOQ

#FederalBank likely submits three names for CEO role, including former Kotak Bank deputy #KVSManian

#FederalBank rises more than 3% after #RBI approves appointment of Krishnan Venkat Subramanian as #MD & #CEO of the bank w.e.f. September 23, 2024

Federal Bank #Q2BusinessUpdate | Total advances up 19.3% YoY & up 4.3% QoQ at ₹2.34 lk cr

- Total deposits up 15.6% YoY & up 1.1% QoQ at ₹2.69 lk cr

#FederalBank