FederalBank Rating
CITI ON FEDERAL BANK - 18.05.2021
* Citi has a Buy rating on Federal Bank. It believes, low cost of funds & steady rise in yields should lead to NIM improvement
* MAINTAIN BUY TARGET: 100
* Loan Growth Improves, Slippages Decline
* 2nd COVID Wave Could Lead To Some Uncertainties In Near Term
* Low Cost Of Funds & Steady Rise In Yields Should Lead To NIM Improvement
MS ON FEDERAL BANK - 18.05.2021
* MS maintains Overweight call on Federal Bank with an expectation of > 1% RoA by FY23
* MAINTAIN OVERWEIGHT TARGET: 110
* Good All-round Performance; Higher Loan Growth, Steady Margin
* Controlled Costs & In-line Slippages; Coverage Stable QoQ
* Continue To Expect >1% ROA By FY23
