Federal Bank

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA+ by 2 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 16% and profit rose 53% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• ValuationExpensive vs its pastThe share trades at 16.5 times its yearly earnings (P/E), pricier than 87% of the time in the last 5 years. Its usual P/E is about 12.

Federal Bank against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)16.5 against a typical 12.2: pricier than most peers (1st = cheapest).14th of 20
• Sales growth+16.2% against a typical +16.2% from a year earlier.11th of 20
• Profit growth+53.3% against a typical +34.9% from a year earlier.5th of 19
• Share price, 3 months−3.7% against a typical −5.9%.8th of 20

Exchange filings and their impact on the company.

• 16 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice +0.9% that day
  Strong Q2 with 51% profit growth, 22% loan growth and sharp asset-quality improvement.

  Federal Bank reported strong Q2 FY27 results with standalone net profit up 45% YoY to Rs 1386 crore and consolidated net profit up 51% to Rs 1499 crore. Total income grew 19% on advances growth of about 22% and deposits growth of 19%, while Gross NPA fell to 1.32% from 1.83% a year ago and Net NPA to 0.17% from 0.48%. The beat on growth, margins and asset quality supports higher profitability over the next year despite a small extra ESOP cost from a change to fair-value accounting.

  Full analysisFiling
• 16 Oct 2026AppointmentLow impactNeutralPrice +0.9% that day
  Federal Bank appointed Rajesh Varrier as independent director for three years.

  Federal Bank's board on October 16, 2026 approved the appointment of Rajesh Varrier as an Additional Non-Executive Independent Director for three years. Varrier is Cognizant's President, Global Operations and Chairman and Managing Director of Cognizant India, and previously held senior roles at Infosys. The appointment strengthens technology and digital expertise on the board but has no immediate financial impact.

  Full analysisFiling
• 7 Oct 2026Product launchLow impactPositivePrice −0.8% on 8 Oct
  Federal Bank launched Verto Resident Savings Account to aid CASA growth with only marginal near-term earnings impact.

  Federal Bank on October 7, 2026 announced the launch of the Verto Resident Savings Account under SEBI LODR Regulation 30. No pricing, targets or financial details were disclosed. The launch is a routine CASA franchise build that should support deposit growth over time but has only a marginal impact on revenue and profit in the next 12 months.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Krishnan Venkat Subramanian

Chief Executive Officer, Managing Director, Executive Director

Manikandan M

Chief Financial Officer

Samir Pravinchandra Rajdev

Executive Vice President, Compliance Officer, Company Secretary

Harsh Dugar

Executive Director