Earnings in line; asset quality improves

Company
03 May 2024
5 Min read 
  • Federal Bank's 4QFY24 results and ratings changes reported.
  •  Steady business growth and improved asset quality in financials.
  •  Net earnings at INR9.1b, NII in line with estimates.
  •  20% YoY growth in advances, 18% YoY growth in deposits.
  •  Targeting 5-7% branch expansion growth, adding 100 branches in FY25.
  •  Financial data, business ratios, capitalization ratios, valuation metrics, and growth percentages disclosed.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority