Key Metrics of Federal Bank
About Federal Bank
Outlets operated by Federal Bank.
Sectors
Company details
- Website
- federal.bank.in
- Founded
- 1945
- Registered office
- Federal Towers, Pb No 103 Alwaye, Ernakulam, In-kl, 683101
- Listed
- NSE: FEDERALBNK · ₹333.75
Operational Areas of Federal Bank
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
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Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 07 Oct 2026 | CARE | Reaffirmed | AA+ | — | Stable | ₹3,200 Cr | View |
| 17 Oct 2025 | CARE | Reaffirmed | AA+ | — | Stable | ₹3,200 Cr | View |
| 21 Oct 2024 | CARE | Reaffirmed | AA+ | — | Stable | ₹3,200 Cr | View |
| 05 Aug 2024 | CARE | Reaffirmed | AA+ | — | Stable | ₹2,000 Cr | View |
| 06 Oct 2023 | CARE | Revised (from AA) | AA+ | — | Stable | ₹2,000 Cr | View |
| 23 Feb 2023 | CARE | Reaffirmed | AA | — | Positive | ₹2,000 Cr | View |
| 13 Sep 2022 | CARE | Reaffirmed | AA | — | Positive | ₹1,000 Cr | View |
| 28 Sep 2021 | CARE | Other | — | — | — | — | View |
| 14 Sep 2021 | CARE | Other | — | — | — | — | View |
| 01 Mar 2021 | CARE | Other | — | — | — | — | View |
| 27 Mar 2020 | CARE | Other | — | — | — | — | View |
| 29 Mar 2019 | CARE | Other | — | — | — | — | View |
Credit strengths (CARE, Oct 2026)
+ Long track record of operations with an established franchise
FBL is one of the oldest private sector banks in India with a long operating track record of over 90 years and has established itself as a strong franchise with a total network of 1,650 banking outlets as on June 30, 2026. The bank also has significant volumes of inward remittances from overseas, which generates stable fee income and deposits from non -resident Indian (NRI) customers. The bank’s total business has been increasing year -on-year (y-o-y) to reach ₹5.98 lakh crore with advances of ₹
+ Stable profitability parameters
The bank’s net interest income (NII) and pre-provisions operating profit (PPOP) in FY26, stood at ₹10,657 crore and ₹7,206 crore with y-o-y growth of 13% and 18%, respectively. FBL’s NIM to average total assets remained stable in FY26 were 2.89% (PY: 2.88%). The yield on advances for FBL is lower than some peer private banks due to composition of its advances book, which consists o f 47% of wholesale book, which in turn comprises high rated corporates. The bank’s retail advances too have lower p
+ Comfortable capitalisation levels
The bank continues to be adequately capitalised by maintaining adequate cushion over the minimum regulatory requirement supported by consistent internal accruals and equity infusions. In FY26, the bank raised capital by way of preferential allotment on a private placement basis to (Blackstone affiliate) Asia II Topco XIII Pte. Ltd., on receipt of 25%, aggregating to ₹1,549.13 crore and remaining 75% is expected to come during next year. The bank had raised equity capital twice in FY24, ₹3,040 cr
+ Stable asset quality
FBL has stringent underwriting standards, which has helped the bank to maintain stable asset quality over period of time. The bank’s GNPA ratio and net NPA (NNPA) ratio stood at 1.52% and 0.18% as on June 30, 2026 (March 31, 2026: 1.62% and 0.20%) compared to 1.84% and 0.44% as on March 31, 2025. The slippages ratio largely remained stable (Q1FY27: 0.60%, FY26: 0.93%, FY25:0.89%). Segment-wise, GNPAs were higher in the agriculture and microfinance (2.41%), business banking (SME loans
Credit challenges
− Geographic concentration in advance and deposits portfolio
The bank has an established presence in south Indian states with almost 70% banking outlets, Keralam being the highest with 38% of overall banking outlets strength as on June 30, 2026. CareEdge Ratings notes that the majority incremental banking outlets additions are outside Keralam to improve on geographical diversification front. The percentage of business in the form of advances coming from Keralam continues to remain high at ~28%, followed by
Could lead to an upgrade
Factors that could individually or collectively lead to positive rating actions/upgrade: • Significant scale up of business, while increasing CASA proportion and maintaining asset quality parameters, and capitalisation in line with larger private sector banks. • Significantly diversifying advances in terms of products and geography.
Could lead to a downgrade
Factors that could individually or collectively lead to negative rating actions/downgrade: • Declining profitability with return on total assets (ROTA) remaining less than 1% on a sustained basis. • Weakening in capitalisation levels with capital cushion over minimum regulatory requirement remaining less than 2.5% on a sustained basis. • Higher-than-expected deterioration in asset quality, with gross non -performing assets (GNPA) level increasing to above 5%.
Agency-reported financials (CARE, 17 Oct 2025)
| Metric | March 31, 2024 | March 31, 2025 | Q1FY26 |
|---|---|---|---|
| Total income | ₹25,268 Cr | ₹30,167 Cr | ₹7,800 Cr |
| PAT | ₹3,721 Cr | ₹4,052 Cr | ₹862 Cr |
| Total assets | ₹3,08,307 Cr | ₹3,49,000 Cr | ₹3,53,293 Cr |
| Net NPA (%) | 0.6% | 0.4% | 0.5% |
| ROTA (%) | 1.3% | 1.2% | 1.0% |
| Revenue growth (YoY) | — | 19.4% | — |
| PAT margin | 14.7% | 13.4% | 11.1% |
Borrowings & rated debt
Rated limits over time
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Issuer | Other | — | ₹0 | — | AA+ (Stable) | Reaffirmed | CARE |
| Infrastructure bonds | Debentures & bonds | — | ₹1,500 Cr | — | AA+ (Stable) | Reaffirmed | CARE |
| Tier II bonds | Subordinated debt | — | ₹200 Cr | — | AA+ (Stable) | Reaffirmed | CARE |
| Tier II bonds | Subordinated debt | — | ₹500 Cr | — | AA+ (Stable) | Reaffirmed | CARE |
| Tier II bonds | Subordinated debt | — | ₹1,000 Cr | — | AA+ (Stable) | Reaffirmed | CARE |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | Bonds Tier II Bonds | Subordinated debt | 9.75% | 20 Jun 2019 | 20 Jun 2029 | ₹300 Cr | AA | Outstanding |
| INE171A08057 | — | Debentures & bonds | — | — | — | ₹1,500 Cr | AA+ | Not stated |
| INE171A08040 | Complex Mar Mar | Subordinated debt | — | — | — | ₹995 Cr | AA+ | Not stated |
| INE171A08032 | Complex Jan Jan | Subordinated debt | — | — | — | ₹500 Cr | AA+ | Not stated |
| INE171A08024 | Tier II Bonds * Jun Jun | Subordinated debt | — | — | — | — | AA+ | Withdrawn |
CARE ratings on record (checked 23 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Infrastructure Bonds | ₹1,500 Cr | CARE AA+; Stable |
| Issuer Ratings | — | CARE AA+; Stable |
| Tier II Bonds | ₹1,700 Cr | CARE AA+; Stable |
Credit assessment · Banks
Rating Methodology – Banks (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Instrument ratings
| Instrument | Type | Rated | Per criteria | Basis |
|---|---|---|---|---|
| Infrastructure bonds | Infrastructure bonds | AA+ CARE | AA+ | senior |
| Tier II bonds | Basel III Tier II | AA+ CARE | AA+ | senior − 0 |
| Complex Proposed | Subordinated debt | AA+ CARE | AA+ | senior − 0 |
| Complex Mar Mar | Subordinated debt | AA+ CARE | AA+ | senior − 0 |
| Complex Jan Jan | Subordinated debt | AA+ CARE | AA+ | senior − 0 |
| Infrastructure Bonds | Infrastructure bonds | AA+ CARE | AA+ | senior |
| Tier-II bonds& | Basel III Tier II | AA+ CARE | AA+ | senior − 0 |
| Bonds Infrastructure Bonds Nov Nov | Infrastructure bonds | AA+ CARE | AA+ | senior |
| Tier II Bonds Jan Jan | Basel III Tier II | AA+ CARE | AA+ | senior − 0 |
| Tier II Bonds Mar Mar | Basel III Tier II | AA+ CARE | AA+ | senior − 0 |
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 58% |
| Information on file | 67% · missing: Debt obligations and repayment schedule, Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 62% chance the next rating action is stable or better
- Current rating AA+ (investment grade)
Rated limits by facility
Timeline
From the report
In FY24, FBL raised equity two tranches of ₹3,040 crore in July 2023 through qualified institutional placement (QIP) and ₹959 crore through preferential allotment to International Finance Corporation(IFC) in October 2023.
From the report
In FY24, FBL raised equity two tranches of ₹3,040 crore in July 2023 through qualified institutional placement (QIP) and ₹959 crore through preferential allotment to International Finance Corporation (IFC) in October 2023.
From the report
During FY23, the bank raised ₹995.00 crore Tier-II capital by way of issuance of unsecured basel III compliant Tier-II bonds which augmented the capital base of the bank supported by an improvement in internal accruals.
From the report
Furthermore, in July 2023, the bank had raised a fresh equity capital of ₹3,040 crore by issuing equity shares through qualified institutional placement (QIP).
From the report
In addition, FBL raised ₹700 crore Tier-II capital during FY22 thus strengthening its capital adequacy to support growth.
From the report
In addition, FBL raised ₹700 crore Tier-II capital during FY22 thus strengthening its capital adequacy to support growt h.
From the report
The bank has raised Tier II Bonds of Rs.300 crore during FY20 which has helped the bank improve its overall capitalization.
From the report
Its daily average High-Quality Liquid Assets (HQLA) stood at Rs.35,275 crore and Rs.35,778 crore for quarter ended June 30, 2021 and March 31, 2021 .
From the report
The bank has raised Tier II Bonds of Rs.300 crore during FY2 0 which has helped the bank improve its overall capitalization.
From the report
Its daily average High-Quality Liquid Assets (HQLA) stood at Rs.35,275 crore and Rs.35,778 crore for quarter ended June 30, 2021 and March 31, 2021 .
From the report
Its High Quality Liquid Assets (HQLA) stood at Rs.38,810 crore and Rs.28,976 crore as on Dec 31, 2020 and March 31, 2020 .
From the report
Stable Out of the total rated amount of Rs.500 crore, the bank has raised bonds of Rs.300 crore. 6 CARE Ratings Limited Press Release Annexure-2: Rating History of last three years Current Ratings Rating history Name of the Date(s) & Date(s) & Date(s) & Date(s) & Sr.
From the report
Its High Quality Liquid Assets (HQL A) stood at Rs.24,525 crore and Rs.21,564 crore as on Dec 31, 2019 and March 31, 2019.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Federal Bank
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 HDFC Bank |
Outlets operated by HDFC Bank. | hdfc.bank.in | 1994 | India |
 ICICI Bank |
Outlets operated by ICICI Bank. | icici.bank.in | — | India |
 State Bank of India |
Outlets operated by State Bank of India. | sbi.bank.in | 1955 | India |
| Outlets operated by Bank of Baroda. | bankofbaroda.bank.in | 1908 | India | |
 Axis Bank |
Outlets operated by Axis Bank. | axis.bank.in | 1990 | Ahmedabad, India |
 Punjab National Bank |
Outlets operated by punjab national bank. | pnb.bank.in | 1894 | India |
 Canara Bank |
Outlets operated by Canara Bank. | canarabank.com | 1906 | Mumbai, India |
 Union Bank of India |
Outlets operated by Union Bank of India. | unionbankofindia.bank.in | 1919 | India |
| Outlets operated by Bank of India. | bankofindia.bank.in | 1906 | Mumbai, India | |
| Outlets operated by Kotak Mahindra Bank. | kotak.bank.in | 1985 | Mumbai, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
economics of banking, financial services, financial sector
Filings
No filings on record yet.