NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Institutional Equities
With its loan book at Rs 2.2 trillion and its deposit base at Rs 2.7 trillion, Federal Bank Ltd. has broken out from the league of mid-sized banks and is now closer to larger banks in terms of scale.
With a granular deposit franchise, a carefully crafted accident-free loan book, and investments in the right areas, we believe the incumbent CEO has positioned Federal Bank on a solid platform.
We believe that Federal Bank has the requisite quality in its top and middle order to build further on these core strengths and plug key gaps around pricing power, and productivity and efficiency gains to fortify its position as a one-of-its kind credible alternative to the larger private sector banking peers.
We maintain Buy with a target price of Rs 225 (1.5 times Mar-26 adjusted book value per share).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
