23rd Feb 2026 09:37
SD/LSE/442/2025-26 23.02.2026
To
The London Stock Exchange
10 Paternoster Square
London
Dear Sir,
We enclose herewith the Un-Audited Standalone and Consolidated Financial Results of the Bank for the quarter and nine months ended December 31, 2025 which was approved at the Bank's Board of Directors meeting held January 16, 2026.
Kindly take the same on your record.
For The Federal Bank Limited
Samir P Rajdev
Company Secretary
M S K A & Associates | Suri & Co |
602, Floor 6, Raheja Titanium | Guna Complex, No.443 & 445, |
Western Express Highway, Geetanjali, | 4th Floor Main Building, |
Railway Colony, Ram Nagar, Goregaon (E), | Anna Salai, Teynampet, |
Mumbai 400 063. | Chennai 600 018. |
Independent Auditor's Review Report on unaudited standalone financial results for the quarter and nine months ended December 31, 2025 of The Federal Bank Limited pursuant to the Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
The Board of Directors of
The Federal Bank Limited
1. We have reviewed the accompanying statement of unaudited standalone financial results of The Federal Bank Limited ('the Bank') for the quarter and nine months ended December 31, 2025 ('the Statement') attached herewith, being submitted by the Bank pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ('the Listing Regulations') except for the disclosures relating to Pillar 3 as at December 31, 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Note 7 to the Statement and have not been reviewed by us.
2. This Statement, which is the responsibility of the Bank's Management and approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 'Interim Financial Reporting' ('AS 25') prescribed under section 133 of the Companies Act, 2013 ('the Act') read with relevant rules issued thereunder, in so far as they apply to the Banks, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines, directions issued by the Reserve Bank of India ('the RBI') from time to time ('the RBI Guidelines') and other recognized accounting principles generally accepted in India and in compliance with the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review consists of making inquiries primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
4. Based on our review, conducted and procedures performed, as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in AS 25, prescribed under Section 133 of the Act read with relevant rules issued thereunder, the RBI Guidelines and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed or that it contains material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters, except for the disclosures relating to Pillar 3 disclosures as at December 31, 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been
disclosed on the Bank's website and in respect of which a link has been provided in the Note 7 to the Statement and have not been reviewed by us.
For M S K A & Associates LLP (Formerly Known as M S K A & Associates) | For Suri & Co Chartered Accountants |
Chartered Accountants | ICAI Firm Registration Number: 004283S |
ICAI Firm Registration Number: 105047W/W101187 | |
Prateek Khandelwal | Sanjeev Aditya M |
Partner | Partner |
Membership Number: 139144 | Membership Number: 229694 |
UDIN: 26139144ZBHCAV1194 | UDIN: 26229694ALBPTG5851 |
January 16, 2026 Mumbai |
January 16, 2026 Mumbai |
M S K A & Associates | Suri & Co |
602, Floor 6, Raheja Titanium | Guna Complex, No.443 & 445, |
Western Express Highway, Geetanjali, | 4th Floor Main Building, |
Railway Colony, Ram Nagar, Goregaon (E), | Anna Salai, Teynampet, |
Mumbai 400 063. | Chennai 600 018. |
Independent Auditor's Review Report on unaudited consolidated financial results for the quarter and nine months ended December 31, 2025 of The Federal Bank Limited pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
The Board of Directors of
The Federal Bank Limited
1. We have reviewed the accompanying statement of unaudited consolidated financial results of The Federal Bank Limited ('the Bank') and its subsidiaries (the Bank and its subsidiaries together referred to as 'the Group'), its share of the net profit after tax of its associate for the quarter and nine months ended December 31, 2025 ('the Statement'), being submitted by the Bank pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Listing Regulations') except for the disclosures relating to Pillar 3 as at December 31, 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 6 of the Statement and have not been reviewed by us.
2. This Statement, which is the responsibility of the Bank's Management and approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 'Interim Financial Reporting'('AS 25'), prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with relevant rules thereunder, in so far as they apply to the Bank, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India ('the RBI') from time to time ('the RBI Guidelines') and other recognized accounting principles generally accepted in India and in compliance with the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act, and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33 (8) of the Listing Regulations, as amended, to the extent applicable.
4. The Statement includes the financial results of the Bank and the following entities:
Sr. No | Name of the Entity | Relationship with the Bank |
a | Fedbank Financial Services Limited | Subsidiary |
b | Federal Operations and Services Limited | Subsidiary |
c | Ageas Federal Life Insurance Company Limited | Associate |
5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below and based on the financial result certified by the Management for the associate as state in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in AS 25 prescribed under Section 133 of the Act read with relevant rules issued thereunder, the RBI Guidelines and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters except for the disclosures relating to Pillar 3 as at December 31, 2025, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 6 of the Statement and have not been reviewed by us.
6. We did not review the interim financial results of two subsidiaries included in the statement, whose interim financial results reflect total revenues of Rs. 59,410 lakhs and Rs. 1,74,552 lakhs and total net profit after tax of Rs. 8,274 lakhs and Rs. 24,847 lakhs for the quarter and nine months ended December 31, 2025, respectively, as considered in the Statement. These interim financial results have been reviewed by other auditors whose reports have been furnished to us by the Bank's Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.
7. The Statement also includes the Group's share of net profit after tax of Rs. 146 lakhs and Rs. 849 lakhs for the quarter and nine months ended December 31, 2025, respectively, as considered in the Statement, in respect of its associate, based on its interim financial result which have not been reviewed by its auditor. This interim financial result has been furnished to us by the Bank's Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of its associate, is based solely on such Management prepared unaudited interim financial results. According to the information and explanations given to us by the Bank's Management, this interim financial results is not material to the Group.
Our conclusion on the Statement is not modified in respect of the matters mentioned in paragraphs 6 and 7 above.
For M S K A & Associates LLP (Formerly Known as M S K A & Associates) | For Suri & Co Chartered Accountants | ||
Chartered Accountants | ICAI Firm Registration Number: 004283S |
| |
ICAI Firm Registration Number: 105047W/W101187 |
| ||
|
| ||
Prateek Khandelwal | Sanjeev Aditya M |
| |
Partner | Partner |
| |
Membership Number: 139144 | Membership Number: 229694 |
| |
UDIN: 26139144WUKRQD8463 | UDIN: 26229694LXZEFR4736 |
| |
January 16, 2026 Mumbai |
January 16, 2026 Mumbai
|
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THE FEDERAL BANK LIMITED | ||||||||
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101 | ||||||||
(CIN: L65191KL1931PLC000368) | ||||||||
STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025 | ||||||||
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| (₹ in Lakhs) | |
Particulars | Quarter ended | Nine months ended | Year ended | |||||
31.12.2025 | 30.09.2025 | 31.12.2024 | 31.12.2025 | 31.12.2024 | 31.03.2025 | |||
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |||
1. Interest earned (a)+(b)+(c)+(d) | 6,86,750 | 6,74,216 | 6,80,873 | 20,29,629 | 19,71,689 | 26,36,525 | ||
(a) | Interest/discount on advances/bills | 5,47,407 | 5,38,340 | 5,46,370 | 16,18,036 | 15,73,180 | 21,01,662 | |
(b) | Income on investments | 1,21,283 | 1,16,841 | 1,14,742 | 3,51,586 | 3,39,140 | 4,54,182 | |
(c) | Interest on balances with Reserve Bank of India and other inter bank funds | 9,372 | 11,090 | 11,255 | 35,525 | 32,316 | 44,300 | |
(d) | Others | 8,688 | 7,945 | 8,506 | 24,482 | 27,053 | 36,381 | |
2. Other income (Refer note 4) | 1,10,029 | 1,08,217 | 91,617 | 3,29,544 | 2,79,530 | 3,80,125 | ||
3. TOTAL INCOME (1+2) | 7,96,779 | 7,82,433 | 7,72,490 | 23,59,173 | 22,51,219 | 30,16,650 | ||
4. Interest expended | 4,21,477 | 4,24,692 | 4,37,739 | 12,81,149 | 12,62,634 | 16,89,726 | ||
5. Operating expenses (i)+(ii) | 2,02,369 | 1,93,324 | 1,77,805 | 5,85,045 | 5,25,012 | 7,16,811 | ||
(i) | Employees cost | 84,865 | 80,344 | 78,515 | 2,44,970 | 2,30,444 | 3,08,828 | |
(ii) | Other operating expenses | 1,17,504 | 1,12,980 | 99,290 | 3,40,075 | 2,94,568 | 4,07,983 | |
6. TOTAL EXPENDITURE (4+5) (excluding provisions and contingencies) | 6,23,846 | 6,18,016 | 6,15,544 | 18,66,194 | 17,87,646 | 24,06,537 | ||
7. OPERATING PROFIT (3-6) (Profit before provisions and contingencies) | 1,72,933 | 1,64,417 | 1,56,946 | 4,92,979 | 4,63,573 | 6,10,113 | ||
8. Provisions (other than tax) and contingencies | 33,238 | 36,309 | 29,233 | 1,09,563 | 59,495 | 73,306 | ||
9. Exceptional items | - | - | - | - | - | - | ||
10. Profit from Ordinary Activities before tax(7-8-9) | 1,39,695 | 1,28,108 | 1,27,713 | 3,83,416 | 4,04,078 | 5,36,807 | ||
11. Tax expense | 35,574 | 32,582 | 32,169 | 97,594 | 1,01,912 | 1,31,618 | ||
12. Net Profit from Ordinary Activities after tax (10-11) | 1,04,121 | 95,526 | 95,544 | 2,85,822 | 3,02,166 | 4,05,189 | ||
13. Extraordinary items (net of tax expense) | - | - | - | - | - | - | ||
14. Net Profit for the period (12-13) |
| 1,04,121 | 95,526 | 95,544 | 2,85,822 | 3,02,166 | 4,05,189 | |
15. Paid-up Equity Share Capital(Face value ₹ 2/- per Equity Share) | 49,242 | 49,188 | 49,090 | 49,242 | 49,090 | 49,117 | ||
16. Reserves excluding Revaluation Reserve | 32,92,444 | |||||||
17. Analytical Ratios and Other Disclosures: | ||||||||
(i) | Percentage of shares held by Government of India | NIL | NIL | NIL | NIL | NIL | NIL | |
(ii) | Capital Adequacy ratio (%) (Refer note 5) | |||||||
Under Basel III | 15.20 | 15.71 | 15.16 | 15.20 | 15.16 | 16.40 | ||
(iii) | Earnings per Share (EPS) (in ₹) | |||||||
(a) Basic EPS (before and after extraordinary items) | 4.23* | 3.89* | 3.89* | 11.63* | 12.35* | 16.54 | ||
(b) Diluted EPS (before and after extraordinary items) | 4.19* | 3.85* | 3.85* | 11.51* | 12.21* | 16.37 | ||
(iv) | NPA Ratios | |||||||
a) Gross NPA | 4,44,686 | 4,53,201 | 4,55,331 | 4,44,686 | 4,55,331 | 4,37,554 | ||
b) Net NPA | 1,06,804 | 1,16,516 | 1,13,117 | 1,06,804 | 1,13,117 | 1,04,038 | ||
c) % of Gross NPA | 1.72 | 1.83 | 1.95 | 1.72 | 1.95 | 1.84 | ||
d) % of Net NPA | 0.42 | 0.48 | 0.49 | 0.42 | 0.49 | 0.44 | ||
(v) | Return on Assets (%) | 0.29* | 0.27* | 0.29* | 0.82* | 0.93* | 1.23 | |
(vi) | Net Worth | 35,88,860 | 34,81,984 | 32,07,705 | 35,88,860 | 32,07,705 | 33,12,164 | |
(vii) | Outstanding Redeemable Preference Shares | NIL | NIL | NIL | NIL | NIL | NIL | |
(viii) | Capital Redemption Reserve | NIL | NIL | NIL | NIL | NIL | NIL | |
(ix) | Debenture Redemption Reserve | NIL | NIL | NIL | NIL | NIL | NIL | |
(x) | Debt - Equity Ratio # | 0.45 | 0.51 | 0.89 | 0.45 | 0.89 | 0.71 | |
(xi) | Total Debts to Total Assets # | 4.45% | 5.05% | 8.44% | 4.45% | 8.44% | 6.80% | |
(xii) | Operating Margin | 21.70% | 21.01% | 20.32% | 20.90% | 20.59% | 20.22% | |
(xiii) | Net Profit Margin | 13.07% | 12.21% | 12.37% | 12.12% | 13.42% | 13.43% | |
* Not Annualised | ||||||||
# Debt and Total Debts represents Total Borrowings of the Bank | ||||||||
Segment Information@ |
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(₹ in Lakhs) | ||||||||
Particulars | Quarter ended | Nine months ended | Year ended | |||||
31.12.2025 | 30.09.2025 | 31.12.2024 | 31.12.2025 | 31.12.2024 | 31.03.2025 | |||
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |||
1) Segment Revenue: | ||||||||
Treasury | 1,64,385 | 1,62,421 | 1,66,928 | 5,20,660 | 5,02,717 | 6,70,972 | ||
Corporate/Wholesale Banking | 3,07,410 | 3,03,694 | 3,04,356 | 9,21,711 | 8,90,621 | 11,72,425 | ||
Retail Banking | 8,01,999 | 7,84,077 | 7,83,771 | 23,52,846 | 22,64,602 | 30,49,898 | ||
a) Digital Banking | 83,139 | 84,554 | 78,544 | 2,51,309 | 2,10,177 | 2,92,497 | ||
b) Other Retail Banking | 7,18,860 | 6,99,523 | 7,05,227 | 21,01,537 | 20,54,425 | 27,57,401 | ||
Other Banking operations | 10,649 | 11,989 | 6,196 | 29,932 | 18,189 | 26,854 | ||
Unallocated | 3,303 | 575 | 373 | 4,156 | 764 | 2,630 | ||
| Total Revenue | 12,87,746 | 12,62,756 | 12,61,624 | 38,29,305 | 36,76,893 | 49,22,779 | |
Less: Inter Segment Revenue | 4,90,967 | 4,80,323 | 4,89,134 | 14,70,132 | 14,25,674 | 19,06,129 | ||
| Income from Operations |
| 7,96,779 | 7,82,433 | 7,72,490 | 23,59,173 | 22,51,219 | 30,16,650 |
2) Segment Results (net of provisions): |
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Treasury | 34,065 | 28,984 | 17,743 | 1,01,326 | 70,620 | 95,246 | ||
Corporate/Wholesale Banking | 59,545 | 64,187 | 58,375 | 1,72,329 | 1,60,955 | 2,29,747 | ||
Retail Banking | 33,731 | 24,169 | 45,955 | 80,163 | 1,56,278 | 1,86,358 | ||
a) Digital Banking | 2,243 | 2,540 | (8,116) | 7,504 | 771 | (466) | ||
b) Other Retail Banking | 31,488 | 21,629 | 54,071 | 72,659 | 1,55,507 | 1,86,824 | ||
Other Banking operations | 9,051 | 10,193 | 5,267 | 25,442 | 15,461 | 22,826 | ||
Unallocated | 3,303 | 575 | 373 | 4,156 | 764 | 2,630 | ||
| Profit before tax | 1,39,695 | 1,28,108 | 1,27,713 | 3,83,416 | 4,04,078 | 5,36,807 | |
3) Segment Assets: |
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Treasury | 97,88,739 | 98,56,503 | 96,95,738 | 97,88,739 | 96,95,738 | 1,01,36,265 | ||
Corporate/Wholesale Banking | 1,28,05,731 | 1,21,35,812 | 1,12,95,598 | 1,28,05,731 | 1,12,95,598 | 1,16,85,188 | ||
Retail Banking | 1,37,30,052 | 1,33,00,724 | 1,26,86,801 | 1,37,30,052 | 1,26,86,801 | 1,27,92,131 | ||
a) Digital Banking | 7,88,136 | 8,15,421 | 7,12,727 | 7,88,136 | 7,12,727 | 7,45,633 | ||
b) Other Retail Banking | 1,29,41,916 | 1,24,85,303 | 1,19,74,074 | 1,29,41,916 | 1,19,74,074 | 1,20,46,498 | ||
Other Banking operations | 7,262 | 3,742 | 3,613 | 7,262 | 3,613 | 3,167 | ||
Unallocated | 3,37,293 | 3,11,240 | 3,08,705 | 3,37,293 | 3,08,705 | 2,83,729 | ||
| Total | 3,66,69,077 | 3,56,08,021 | 3,39,90,455 | 3,66,69,077 | 3,39,90,455 | 3,49,00,480 | |
4) Segment Liabilities: |
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Treasury | 30,16,042 | 30,24,964 | 44,21,310 | 30,16,042 | 44,21,310 | 37,98,141 | ||
Corporate/Wholesale Banking | 40,03,435 | 37,86,967 | 38,73,636 | 40,03,435 | 38,73,636 | 36,98,393 | ||
Retail Banking | 2,58,56,712 | 2,51,35,197 | 2,23,43,388 | 2,58,56,712 | 2,23,43,388 | 2,39,35,364 | ||
a) Digital Banking | 21,83,288 | 21,36,064 | 17,71,219 | 21,83,288 | 17,71,219 | 19,13,636 | ||
b) Other Retail Banking | 2,36,73,424 | 2,29,99,133 | 2,05,72,169 | 2,36,73,424 | 2,05,72,169 | 2,20,21,728 | ||
Other Banking operations | 72 | 51 | 64 | 72 | 64 | 25 | ||
Unallocated | 1,84,500 | 1,55,300 | 1,18,634 | 1,84,500 | 1,18,634 | 1,26,495 | ||
| Total | 3,30,60,761 | 3,21,02,479 | 3,07,57,032 | 3,30,60,761 | 3,07,57,032 | 3,15,58,418 | |
5) Capital Employed |
| 36,08,316 | 35,05,542 | 32,33,423 | 36,08,316 | 32,33,423 | 33,42,062 | |
6) Total (4 + 5) |
| 3,66,69,077 | 3,56,08,021 | 3,39,90,455 | 3,66,69,077 | 3,39,90,455 | 3,49,00,480 | |
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@ | For the above segment reporting, the reportable segments are identified as Treasury, Corporate/Wholesale Banking, Retail Banking (with Digital Banking and Other Retail Banking as sub-segments) and Other Banking Operations in compliance with the Reserve Bank of India (RBI) guidelines.The business operations of the Bank are substantially concentrated in India and for the purpose of Segment Reporting as per Accounting Standard-17, the Bank is considered to operate only in domestic segment.The Bank has made improvements to the internal transfer pricing methodology aligning to matched maturities for better presentation of the segment information effective from April 01, 2025. Correspondingly the segment information for previous periods have been regrouped / reclassified to conform to current period's presentation. This change in segment information does not impact the segment identification, overall Revenue, Results, Assets, Liabilities and Capital Employed of the Bank for the quarter and nine months ended December 31, 2025, or for the previous periods. | |||||||
Notes: |
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1 | The above Standalone Unaudited Financial Results for the quarter and nine months ended December 31, 2025 were approved by the Board of Directors at its meeting held on January 16, 2026. These financial results have been subjected to limited review by the Joint Statutory Auditors of the Bank and an unmodified review report has been issued. | |||||||
2 | The above Financial Results of the Bank have been prepared in accordance with the provisions of the Banking Regulation Act, 1949, Generally Accepted Accounting Principles in India, including Accounting Standards as specified under Section 133 of the Companies Act, 2013, Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, as amended, in so far as they apply to Bank, and the guidelines issued by the RBI. | |||||||
3 | The Bank has applied significant accounting policies in the preparation of these Financial Results consistent with those followed in the annual financial statements for the year ended March 31, 2025. Any circular / direction issued by the RBI is implemented prospectively when it becomes applicable, unless specifically required as per that circular / direction. | |||||||
4 | Other income includes fees earned from providing services to customers, commission from non-fund-based banking activities, earnings from foreign exchange and derivative transactions, selling of third-party products, profit / loss on sale of investments / fixed assets, profit / loss on revaluation of investments, dividend received from subsidiaries / associate, recoveries from advances written off, etc. | |||||||
5 | The Capital Adequacy Ratio is computed on the basis of the RBI guidelines applicable on the relevant reporting dates and the ratio for the corresponding previous period is not adjusted to consider the impact of subsequent changes if any, in the guidelines. | |||||||
6 | During the quarter and nine months ended December 31, 2025, the Bank has allotted 26,76,910 and 62,47,560 equity shares of ₹2 each respectively, pursuant to the exercise of stock options by employees. | |||||||
7 | As per extant the RBI guidelines, banks are required to make Pillar 3 disclosures including leverage ratio, liquidity coverage ratio and Net Stable Funding Ratio (NSFR) under the Basel III Capital Regulations. Accordingly, such applicable disclosures have been placed on the website of the Bank which can be accessed at the following link: https://www.federal.bank.in/regulatory-disclosures. These disclosures have not been subjected to audit or review by the Joint Statutory Auditors of the Bank. | |||||||
8 | On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Bank has assessed impact of these changes to the extent applicable and has made an incremental provision of ₹ 208.00 lakhs during the quarter ended December 31, 2025, towards the estimated impact of these changes | |||||||
9 | Disclosure as per 'Reserve Bank of India (Commercial Banks - Financial Statements : Presentation and Disclosures) Directions, 2025' dated November 28, 2025 and as amended thereafter, for the loans transferred / acquired during the nine months ended December 31, 2025 are given below: | |||||||
i) Details of loans not in default transferred through assignment during the nine months ended December 31, 2025 are given below: | ||||||||
Particulars | Value | |||||||
Aggregate amount of loans transferred (₹ in lakhs) | 12,500.00 | |||||||
Weighted average residual maturity (in years) | 13.18 | |||||||
Weighted average holding period by originator (in years) | 0.95 | |||||||
Retention of beneficial economic interest by the originator (₹ in lakhs) | 24,225.42 | |||||||
Tangible security coverage | 49.23% | |||||||
Rating-wise distribution | ||||||||
AA | 100.00% | |||||||
ii) During the nine months ended December 31, 2025, the Bank has not acquired any loans not in default or stressed loans or Special Mention Accounts (SMA) and not transferred any stressed loans or Special Mention Accounts (SMA). | ||||||||
iii) During the nine months ended December 31, 2025, the Bank has not invested in Security Receipts (SR) issued by an Asset Reconstruction Company (ARC) pursuant to transfer of Non-Performing asset to ARC. Details of the recovery ratings assigned to Security Receipts outstanding as on December 31, 2025 are given below: | ||||||||
(₹ in Lakhs) | ||||||||
Rating | Recovery Rating | Gross Book Value | Provision Held | Net Book Value | ||||
RR1 | 100%-150% | 439.47 | - | 439.47 | ||||
Total |
| 439.47 | - | 439.47 |
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10 | Disclosure as per 'Reserve Bank of India (Commercial Banks - Financial Statements : Presentation and Disclosures) Directions, 2025' dated November 28, 2025 and as amended thereafter, on projects under implementation, for the quarter ended December 31, 2025 is given below. | |||||||
Sl No | Item Description | Number of accounts | Total outstanding(₹ in lakhs)# | |||||
1 | Projects under implementation accounts at the beginning of the quarter. | 128 | 2,69,635.13 | |||||
2 | Projects under implementation accounts sanctioned during the quarter. | 1 | 800.00 | |||||
3 | Projects under implementation accounts where DCCO has been achieved during the quarter. | 18 | 23,731.00 | |||||
4 | Projects under implementation accounts at the end of the quarter. (1+2-3) | 111 | 2,46,704.13 | |||||
5 | Out of '4' - accounts in respect of which resolution process involving extension in original / extended DCCO, as the case may be, has been invoked. | 29 | 71,328.12 | |||||
5.1 | Out of '5' - accounts in respect of which Resolution plan has been implemented. | 29 | 71,328.12 | |||||
5.2 | Out of '5' - accounts in respect of which Resolution plan is under implementation. | - | - | |||||
5.3 | Out of '5' - accounts in respect of which Resolution plan has failed. | - | - | |||||
6 | Out of '5', accounts in respect of which resolution process involving extension in original / extended DCCO, as the case may be, has been invoked due to change in scope and size of the project. | - | - | |||||
7 | Out of '5', account in respect of which cost overrun associated with extension in original / extended DCCO, as the case may be, was funded. | - | - | |||||
7.1 | Out of '7', accounts where SBCF was sanctioned during financial closure and renewed continuously. | - | - | |||||
7.2 | Out of '7', accounts where SBCF was not presanctioned or renewed continuously. | - | - | |||||
8 | Out of '4' - accounts in respect of which resolution process not involving extension in original / extended DCCO, as the case may be, has been invoked. | - | - | |||||
8.1 | Out of '8' - accounts in respect of which Resolution plan has been implemented. | - | - | |||||
8.2 | Out of '8' - accounts in respect of which Resolution plan is under implementation. | - | - | |||||
8.3 | Out of '8' - accounts in respect of which Resolution plan has failed. | - | - | |||||
#represents balance outstanding as on December 31, 2025 | ||||||||
11 | During the quarter ended December 31, 2024, the Bank sold 61,50,000 equity shares of Equirus Capital Private Limited (ECPL), an associate entity of the Bank. Following the sale, the shareholders' agreement between the Bank, ECPL, and the promoter of ECPL was terminated and ECPL ceased to be an associate entity of the Bank with effect from November 15, 2024. | |||||||
12 | During the quarter ended December 31, 2025, the Bank has acquired 3,20,00,000 equity shares of Ageas Federal Life Insurance Company Limited (associate company) from Ageas Insurance International NV, for a consideration of Rs. 30.45 per share. Total consideration paid was Rs.97,44.00 lakhs, Pursuant to this acquisition, the Bank now holds 30% shareholding in Ageas Federal Life Insurance Company Limited, on a fully diluted basis. | |||||||
13 | Previous period's figures have been regrouped / reclassified, wherever necessary to conform to current period's classification. | |||||||
KRISHNAN VENKAT SUBRAMANIAN | ||||||||
Mumbai | MANAGING DIRECTOR & CEO | |||||||
January 16, 2026 | (DIN: 00031794) | |||||||
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THE FEDERAL BANK LIMITED | ||||||||
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101 | ||||||||
(CIN: L65191KL1931PLC000368) | ||||||||
CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025 | ||||||||
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| (₹ in Lakhs) | |
Particulars | Quarter ended | Nine months ended | Year ended | |||||
31.12.2025 | 30.09.2025 | 31.12.2024 | 31.12.2025 | 31.12.2024 | 31.03.2025 | |||
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |||
1. Interest earned (a)+(b)+(c)+(d) | 7,36,047 | 7,21,618 | 7,26,487 | 21,72,749 | 20,99,813 | 28,10,608 | ||
(a) | Interest/discount on advances/bills | 5,96,439 | 5,85,485 | 5,91,834 | 17,60,290 | 17,00,483 | 22,74,481 | |
(b) | Income on investments | 1,21,248 | 1,16,736 | 1,14,609 | 3,51,326 | 3,38,817 | 4,53,799 | |
(c) | Interest on balances with Reserve Bank of India and other inter bank funds | 9,372 | 11,090 | 11,255 | 35,525 | 32,316 | 44,301 | |
(d) | Others | 8,988 | 8,307 | 8,789 | 25,608 | 28,197 | 38,027 | |
2. Other income (Refer note 5) | 1,14,269 | 1,10,528 | 93,115 | 3,41,246 | 2,87,683 | 3,92,417 | ||
3. TOTAL INCOME (1+2) | 8,50,316 | 8,32,146 | 8,19,602 | 25,13,995 | 23,87,496 | 32,03,025 | ||
4. Interest expended | 4,40,081 | 4,42,947 | 4,56,982 | 13,36,990 | 13,17,480 | 17,63,127 | ||
5. Operating expenses (i)+(ii) | 2,22,040 | 2,12,200 | 1,96,199 | 6,41,107 | 5,78,954 | 7,89,195 | ||
(i) | Employees cost | 98,518 | 92,975 | 89,790 | 2,82,521 | 2,63,802 | 3,54,521 | |
(ii) | Other operating expenses | 1,23,522 | 1,19,225 | 1,06,409 | 3,58,586 | 3,15,152 | 4,34,674 | |
6. TOTAL EXPENDITURE (4+5) (excluding provisions and contingencies) | 6,62,121 | 6,55,147 | 6,53,181 | 19,78,097 | 18,96,434 | 25,52,322 | ||
7. OPERATING PROFIT (3-6) (Profit before provisions and contingencies) | 1,88,195 | 1,76,999 | 1,66,421 | 5,35,898 | 4,91,062 | 6,50,703 | ||
8. Provisions (other than tax) and contingencies | 37,447 | 39,744 | 38,736 | 1,20,912 | 75,638 | 91,920 | ||
9. Exceptional items | - | - | - | - | - | - | ||
10. Profit from Ordinary Activities before tax(7-8-9) | 1,50,748 | 1,37,255 | 1,27,685 | 4,14,986 | 4,15,424 | 5,58,783 | ||
11. Tax expense | 38,355 | 35,312 | 32,815 | 1,05,973 | 1,06,106 | 1,38,634 | ||
12. Net Profit from Ordinary Activities after tax(10-11) | 1,12,393 | 1,01,943 | 94,870 | 3,09,013 | 3,09,318 | 4,20,149 | ||
13. Extraordinary items (net of tax expense) | - | - | - | - | - | - | ||
14. Net Profit for the period (12-13) |
| 1,12,393 | 1,01,943 | 94,870 | 3,09,013 | 3,09,318 | 4,20,149 | |
15. Minority interest | 3,132 | 3,070 | 716 | 9,429 | 4,563 | 7,517 | ||
16. Share in Profit of Associates | 146 | 321 | 261 | 849 | 2,036 | 3,253 | ||
17. Consolidated Net Profit of the group(14-15+16) | 1,09,407 | 99,194 | 94,415 | 3,00,433 | 3,06,791 | 4,15,885 | ||
18. Paid-up Equity Share Capital(Face value ₹ 2/- per Equity Share) | 49,242 | 49,188 | 49,090 | 49,242 | 49,090 | 49,117 | ||
19. Reserves excluding Revaluation Reserve | 34,04,215 | |||||||
20. Analytical Ratios and Other Disclosures: | ||||||||
(i) | Percentage of shares held by Government of India | NIL | NIL | NIL | NIL | NIL | NIL | |
(ii) | Earnings per Share (EPS) (in ₹) | |||||||
(a) Basic EPS (before and after extraordinary items) | 4.45* | 4.04* | 3.85* | 12.22* | 12.53* | 16.98 | ||
(b) Diluted EPS (before and after extraordinary items) | 4.40* | 4.00* | 3.81* | 12.10* | 12.40* | 16.80 | ||
* Not Annualised | ||||||||
Segment Information@ |
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| (₹ in Lakhs) | |||||
Particulars | Quarter ended | Nine months ended | Year ended | ||||
31.12.2025 | 30.09.2025 | 31.12.2024 | 31.12.2025 | 31.12.2024 | 31.03.2025 | ||
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||
1) Segment Revenue: | |||||||
Treasury | 1,65,077 | 1,61,544 | 1,64,978 | 5,21,338 | 5,00,431 | 6,69,620 | |
Corporate/Wholesale Banking | 3,05,627 | 3,01,787 | 3,02,312 | 9,15,898 | 8,84,306 | 11,63,963 | |
Retail Banking | 8,55,672 | 8,35,398 | 8,33,102 | 25,08,304 | 24,03,931 | 32,38,694 | |
a) Digital Banking | 83,139 | 84,554 | 78,544 | 2,51,309 | 2,10,177 | 2,92,497 | |
b) Other Retail Banking | 7,72,533 | 7,50,844 | 7,54,558 | 22,56,995 | 21,93,754 | 29,46,197 | |
Other Banking operations | 11,597 | 13,165 | 7,971 | 34,424 | 23,654 | 34,163 | |
Unallocated | 3,310 | 575 | 373 | 4,163 | 848 | 2,714 | |
| Total Revenue | 13,41,283 | 13,12,469 | 13,08,736 | 39,84,127 | 38,13,170 | 51,09,154 |
Less: Inter Segment Revenue | 4,90,967 | 4,80,323 | 4,89,134 | 14,70,132 | 14,25,674 | 19,06,129 | |
| Income from Operations | 8,50,316 | 8,32,146 | 8,19,602 | 25,13,995 | 23,87,496 | 32,03,025 |
2) Segment Results (net of provisions): | |||||||
Treasury | 35,341 | 28,693 | 16,377 | 1,03,753 | 70,081 | 96,214 | |
Corporate/Wholesale Banking | 59,505 | 64,230 | 58,333 | 1,72,291 | 1,60,563 | 2,29,183 | |
Retail Banking | 46,231 | 32,113 | 46,202 | 1,08,483 | 1,67,555 | 2,09,145 | |
a) Digital Banking | 2,243 | 2,540 | (8,116) | 7,504 | 771 | (466) | |
b) Other Retail Banking | 43,988 | 29,573 | 54,318 | 1,00,979 | 1,66,784 | 2,09,611 | |
Other Banking operations | 6,361 | 11,644 | 6,400 | 26,296 | 16,377 | 21,527 | |
Unallocated | 3,310 | 575 | 373 | 4,163 | 848 | 2,714 | |
| Profit before tax | 1,50,748 | 1,37,255 | 1,27,685 | 4,14,986 | 4,15,424 | 5,58,783 |
3) Segment Assets: |
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Treasury | 98,31,663 | 98,56,435 | 96,93,597 | 98,31,663 | 96,93,597 | 1,01,33,992 | |
Corporate/Wholesale Banking | 1,27,08,731 | 1,20,39,784 | 1,12,03,917 | 1,27,08,731 | 1,12,03,917 | 1,15,76,113 | |
Retail Banking | 1,50,38,292 | 1,45,52,276 | 1,38,63,141 | 1,50,38,292 | 1,38,63,141 | 1,40,25,857 | |
a) Digital Banking | 7,88,136 | 8,15,421 | 7,12,727 | 7,88,136 | 7,12,727 | 7,45,633 | |
b) Other Retail Banking | 1,42,50,156 | 1,37,36,855 | 1,31,50,414 | 1,42,50,156 | 1,31,50,414 | 1,32,80,224 | |
Other Banking operations | 7,681 | 4,277 | 5,904 | 7,681 | 5,904 | 3,352 | |
Unallocated | 3,28,916 | 3,03,808 | 3,01,403 | 3,28,916 | 3,01,403 | 2,75,877 | |
| Total | 3,79,15,283 | 3,67,56,580 | 3,50,67,962 | 3,79,15,283 | 3,50,67,962 | 3,60,15,191 |
4) Segment Liabilities: |
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Treasury | 31,13,135 | 30,81,628 | 44,75,495 | 31,13,135 | 44,75,495 | 38,49,103 | |
Corporate/Wholesale Banking | 39,97,713 | 37,84,513 | 38,69,911 | 39,97,713 | 38,69,911 | 36,92,572 | |
Retail Banking | 2,67,91,740 | 2,60,17,415 | 2,31,83,119 | 2,67,91,740 | 2,31,83,119 | 2,48,09,367 | |
a) Digital Banking | 21,83,288 | 21,36,064 | 17,71,219 | 21,83,288 | 17,71,219 | 19,13,636 | |
b) Other Retail Banking | 2,46,08,452 | 2,38,81,351 | 2,14,11,900 | 2,46,08,452 | 2,14,11,900 | 2,28,95,731 | |
Other Banking operations | 212 | 203 | 204 | 212 | 204 | 195 | |
Unallocated | 1,76,123 | 1,47,868 | 1,11,332 | 1,76,123 | 1,11,332 | 1,18,643 | |
| Total | 3,40,78,923 | 3,30,31,627 | 3,16,40,061 | 3,40,78,923 | 3,16,40,061 | 3,24,69,880 |
5) Capital Employed | 38,36,360 | 37,24,953 | 34,27,901 | 38,36,360 | 34,27,901 | 35,45,311 | |
6) Total (4 + 5) | 3,79,15,283 | 3,67,56,580 | 3,50,67,962 | 3,79,15,283 | 3,50,67,962 | 3,60,15,191 | |
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@ | For the above segment reporting, the reportable segments are identified as Treasury, Corporate/Wholesale Banking, Retail Banking (with Digital Banking and Other Retail Banking as sub-segments) and Other Banking Operations in compliance with the Reserve Bank of India (RBI) guidelines.The business operations of the Bank are substantially concentrated in India and for the purpose of Segment Reporting as per Accounting Standard-17, the bank is considered to operate only in domestic segment.The Bank has made improvements to the internal transfer pricing methodology aligning to matched maturities for better presentation of the segment information effective from April 01, 2025. Correspondingly the segment information for previous periods have been regrouped / reclassified to conform to current period's presentation. This change in segment information does not impact the segment identification, overall Revenue, Results, Assets, Liabilities and Capital Employed of the Bank for the quarter and nine months ended December 31, 2025, or for the previous periods. | ||||||
Notes: |
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1 | The above Consolidated Unaudited Financial Results for the quarter and nine months ended December 31, 2025 were approved by the Board of Directors at its meeting held on January 16, 2026. These financial results have been subjected to limited review by the Joint Statutory Auditors of the Bank and an unmodified review report has been issued. | ||||||
2 | The above Financial Results of the group have been prepared in accordance with the provisions of the Banking Regulation Act, 1949, Generally Accepted Accounting Principles in India, including Accounting Standards as specified under Section 133 of the Companies Act, 2013, Regulation 33 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, as amended and the guidelines issued by the RBI. | ||||||
3 | The Consolidated Financial Results of the Group comprise the financial results of The Federal Bank Limited and its subsidiaries viz. Fedbank Financial Services Limited & Federal Operations and Services Limited and its associate Ageas Federal Life Insurance Company Limited.During the quarter ended December 31, 2024, the Bank sold 61,50,000 equity shares of Equirus Capital Private Limited (ECPL), an associate entity of the Bank. Following the sale, the shareholders' agreement between the Bank, ECPL, and the promoter of ECPL was terminated and ECPL ceased to be an associate entity of the Bank with effect from November 15, 2024. | ||||||
4 | There has been no material change in the significant accounting policies applied in the preparation of these financial results with those followed in the annual financial statements for the year ended March 31, 2025. | ||||||
5 | Other income includes fees earned from providing services to customers, commission from non-fund-based banking activities, earnings from foreign exchange and derivative transactions, selling of third-party products, profit / loss on sale of investments / fixed assets, profit / loss on revaluation of investments, recoveries from advances written off, etc. | ||||||
6 | As per extant RBI guidelines, banks are required to make Pillar 3 disclosures including leverage ratio, liquidity coverage ratio and Net Stable Funding Ratio (NSFR) under the Basel III Capital Regulations. Accordingly, such applicable disclosures have been placed on the website of the Bank which can be accessed at the following link: https://www.federal.bank.in/regulatory-disclosures. These disclosures have not been subjected to audit or review by the Joint Statutory Auditors of the Bank. | ||||||
7 | During the quarter ended December 31, 2025, the Bank has acquired 3,20,00,000 equity shares of Ageas Federal Life Insurance Company Limited (associate company) from Ageas Insurance International NV, for a consideration of Rs. 30.45 per share. Total consideration paid was Rs.97,44.00 lakhs, Pursuant to this acquisition, the Bank now holds 30% shareholding in Ageas Federal Life Insurance Company Limited, on a fully diluted basis. | ||||||
8 | Previous period's figures have been regrouped / reclassified, wherever necessary to conform to current period's classification. | ||||||
KRISHNAN VENKAT SUBRAMANIAN | |||||||
Mumbai | MANAGING DIRECTOR & CEO | ||||||
January 16, 2026 | (DIN: 00031794) | ||||||
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