#AngelBroking Recommendation Company: Federal Bank Rating: Bu | Angel Broking

#AngelBroking Recommendation

Company: Federal Bank
Rating: Buy
Target price: 110

Rationale to invest:
Federal bank is one of India’s largest old generation private sector banks with total assets of Rs. 1.9 lakh cr. with deposits of Rs. 1.56 lakh cr. and a loan book of Rs. 1.2 lakh cr in F21. NPA’s have remained steady for the bank over the past few years with GNPA for Q3FY21 at 3.38% while the NNPA ratio stood at 1.14%. PCR at the end of Q3FY21 stood at 67%