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Last Updated : Sep 20, 2018 04:43 PM IST | Source:

Hold Federal Bank; target of Rs 84: Sharekhan

Sharekhan recommended hold rating on Federal Bank with a target price of Rs 84 in its research report dated September 18, 2018.

Broker Research @moneycontrolcom
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Sharekhan's research report on Federal Bank

Federal Bank has 32% of its advances and has 48% of its branches situated in Kerala. Management expects bad loans from Kerala to go up by 20-30% due to the recent floods in the region. However, players such as Federal Bank may see an uptick in deposit flows as relief aid money pours in for relief and rehabilitation. Due to the recent Kerala floods, we believe the next 1-2 quarters may see a likely rise in NPAs for the bank.


We downgrade our recommendation on Federal Bank to Hold with a revised PT of Rs.84.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

First Published on Sep 20, 2018 04:43 pm
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