23rd Oct 2026 12:39
Secretarial Department
SD/LSE/279/2026-27 23.10.2026
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 half year ended September 30, 2026, which was approved at the Bank's Board of Directors meeting held October 16, 2026.
Kindly take the same on your record.
For The Federal Bank Limited
Samir P Rajdev
Company Secretary
Price Waterhouse LLP |
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| K. S. AIYAR & CO |
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Chartered Accountants | Chartered Accountants | ||||||
NESCO IT Building III, 7th & 8th Floor, NESCO IT Park, Nesco Complex, Gate No. 3, Western Express Highway, Goregaon (East), Mumbai - 400063 | # F-7, Laxmi Mills, Shakti Mills Lane, Off Dr E Moses Road, Mumbai - 400011 | ||||||
Independent Auditors' Review Report on Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026, of The Federal Bank Limited pursuant to the Regulations 33 and Regulations 52 read with regulation 63 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
To the Board of Directors The Federal Bank Limited,
1. We have reviewed the accompanying unaudited standalone financial results of The Federal Bank Limited (the "Bank") for the quarter ended September 30, 2026 and the year to date results for the period April 1, 2026 to September 30, 2026, which are included in the accompanying 'Standalone Unaudited Financial Results for the quarter and half year ended September 30, 2026, the Statement of Assets and Liabilities as on that date and the Standalone Unaudited Cash Flow Statement for the half year ended on that date (the "Statement") being submitted by the Bank pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), including relevant circulars issued by the SEBI from time to time, except for the disclosures relating to Pillar 3 disclosures as at September 30, 2026, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as would be disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us. We have initialed the Statement for identification purposes only.
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 relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) from time to time ("RBI Guidelines") and other accounting principles generally accepted in India. Our responsibility is to issue a report 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 financial statements are free of material misstatement. A review is limited primarily to inquiries of Bank's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in accordance with recognition and measurement principles laid down in AS 25, prescribed under Section 133 of the Companies Act, 2013, the RBI Guidelines and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Listing Regulations, 2015, 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 disclosures as at September 30, 2026, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as would be disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us.
5. The standalone financial results of the Bank for the quarters ended June 30, 2026, September 30, 2025, and the year-to-date results for the period April 1, 2025 to September 30, 2025, were reviewed jointly by two other firms of chartered accountants who issued their unmodified conclusion, vide their reports dated July 17, 2026 and October 18, 2025, respectively. The Standalone financial statements of the Bank for the year ended March 31, 2026, were audited jointly by two other firms of chartered accountants, who issued an unmodified opinion vide their report dated April 29, 2026.
Our conclusion is not modified in respect of this matter.
For Price Waterhouse LLP Firm Registration Number: 301112E /E300264 Chartered Accountants
Sharad Agarwal Partner Membership Number: 118522 UDIN: 26118522EMATTA1220
Place: Mumbai Date: October 16, 2026
| For K. S. Aiyar & Co. Chartered Accountants Firm Registration Number: 100186W
Sachin Negandhi Partner Membership Number: 112888 UDIN: 26112888OAFTQW9613
Place: Mumbai Date: October 16, 2026
|
Price Waterhouse LLP |
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| K. S. AIYAR & CO | |
Chartered Accountants | Chartered Accountants | ||||
NESCO IT Building III, 7th & 8th Floor, NESCO IT Park, Nesco Complex, Gate No. 3, Western Express Highway, Goregaon (East), Mumbai - 400063 | # F-7, Laxmi Mills, Shakti Mills Lane, Off Dr E Moses Road, Mumbai - 400011 |
Independent Auditors' Review Report on Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2026 of The Federal Bank Limited pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
To the Board of Directors The Federal Bank Limited,
1. We have reviewed the accompanying unaudited consolidated financial results of The Federal Bank Limited (the "Parent" or the "Bank") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") and its share of the net profit after tax of its associate for the quarter ended September 30, 2026 and the year to date results for the period April 01, 2026 to September 30, 2026, which are included in the accompanying 'Consolidated Unaudited Financial Results for the quarter and half year ended September 30, 2026', the Consolidated Statement of Assets and Liabilities of the Group as on that date and the Consolidated Unaudited Cash Flow Statement for the half year ended on that date (the "Statement") being submitted by the Bank pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), including relevant circulars issued by the SEBI from time to time, except for the disclosures relating to Pillar 3 disclosures as at September 30, 2026, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as would be disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us. We have initialed the Statement for identification purposes only.
2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent'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"), the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) from time to time ("RBI Guidelines") and other accounting principles generally accepted in India. 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. A review of interim financial information consists of making inquiries, primarily of person 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 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 Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, 2015, as amended, to the extent applicable.
4. The Statement includes the results of the following entities:
Parent
The Federal Bank Limited
Subsidiaries
i. Fedbank Financial Services Limited
ii. Federal Operations and Services Limited
Associate
i. Ageas Federal Life Insurance Company Limited
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 the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in accordance with recognition and measurement principles laid down in AS 25, prescribed under Section 133 of the Act, the RBI Guidelines and other accounting principles generally accepted in India, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015, 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 disclosures as at September 30, 2026, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations as would be disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us.
The interim financial results of two subsidiaries included in the Statement, reflect total assets of Rs. 18,52,031 lakhs as at September 30, 2026, and total revenues of Rs. 75,784 lakhs and Rs. 1,47,830 lakhs and total net profit after tax of Rs. 17,939 lakhs and Rs. 30,008 lakhs for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026, respectively, and cash flows (net) of Rs. (56,526) lakhs for the period from April 1, 2026 to September 30, 2026, as considered in the consolidated unaudited financial results. These financial results have been reviewed by other auditors and their reports, vide which they have issued an unmodified conclusion on those financial results, have been furnished to us by the Parent'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 on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.
6. The consolidated unaudited financial results also include the Group's share of net profit after tax of Rs. 415 lakhs and Rs. 903 lakhs for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026, respectively, as considered in the Statement, in respect of one associate, based on its interim financial information which have not been reviewed by their auditors. According to the information and explanations given to us by the Parent's Management, this interim financial information is not material to the Group.
7. The consolidated financial results of the Bank for the quarters ended June 30, 2026, September 30, 2025 and the year to date results for the period April 1, 2025 to September 30, 2025 were jointly reviewed by two other firms of chartered accountants who issued their unmodified conclusion, vide their reports dated July 17, 2026 and October 18, 2025, respectively. The consolidated financial statements of the Bank for the year ended March 31, 2026 were jointly audited by two other firms of chartered accountants, who issued an unmodified opinion vide their report dated April 29, 2026.
Our conclusion on the Statement is not modified in respect of the matters mentioned in paragraphs 5, 6 and 7.
For Price Waterhouse LLP Firm Registration Number: 301112E /E300264 Chartered Accountants
Sharad Agarwal Partner Membership Number: 118522 UDIN: 26118522MIHEUL8766
Place: Mumbai Date: October 16, 2026 | For K. S. Aiyar & Co. Chartered Accountants Firm Registration Number: 100186W
Sachin Negandhi Partner Membership Number: 112888 UDIN: 26112888VUFAOR7359
Place: Mumbai Date: October 16, 2026 |
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THE FEDERAL BANK LIMITED | ||||||||
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101 | ||||||||
(CIN: L65191KL1931PLC000368) | ||||||||
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 | ||||||||
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| (₹ in Lakhs) | |
Particulars | Quarter ended | Half Year ended | Year ended | |||||
30.09.2026 | 30.06.2026 | 30.09.2025 | 30.09.2026 | 30.09.2025 | 31.03.2026 | |||
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |||
1. Interest earned (a)+(b)+(c)+(d) | 7,72,098 | 7,23,831 | 6,74,216 | 14,95,929 | 13,42,879 | 27,69,538 | ||
(a) | Interest/discount on advances/bills | 6,16,635 | 5,75,641 | 5,38,340 | 11,92,276 | 10,70,629 | 21,70,995 | |
(b) | Income on investments | 1,34,582 | 1,33,917 | 1,16,841 | 2,68,499 | 2,30,303 | 4,77,017 | |
(c) | Interest on balances with Reserve Bank of India and other inter bank funds | 16,018 | 8,837 | 11,090 | 24,855 | 26,153 | 45,833 | |
(d) | Others | 4,863 | 5,436 | 7,945 | 10,299 | 15,794 | 75,693 | |
2. Other income (Refer note 5) | 1,49,044 | 1,04,838 | 1,08,217 | 2,53,882 | 2,19,515 | 4,44,039 | ||
3. TOTAL INCOME (1+2) | 9,21,142 | 8,28,669 | 7,82,433 | 17,49,811 | 15,62,394 | 32,13,577 | ||
4. Interest expended | 4,56,758 | 4,29,242 | 4,24,692 | 8,86,000 | 8,59,672 | 17,03,797 | ||
5. Operating expenses (i)+(ii) | 2,41,847 | 2,09,694 | 1,93,324 | 4,51,541 | 3,82,676 | 7,89,160 | ||
(i) | Employees cost | 1,04,912 | 92,169 | 80,344 | 1,97,081 | 1,60,105 | 3,22,540 | |
(ii) | Other operating expenses | 1,36,935 | 1,17,525 | 1,12,980 | 2,54,460 | 2,22,571 | 4,66,620 | |
6. TOTAL EXPENDITURE (4+5) (excluding provisions and contingencies) | 6,98,605 | 6,38,936 | 6,18,016 | 13,37,541 | 12,42,348 | 24,92,957 | ||
7. OPERATING PROFIT (3-6) (Profit before provisions and contingencies) | 2,22,537 | 1,89,733 | 1,64,417 | 4,12,270 | 3,20,046 | 7,20,620 | ||
8. Provisions (other than tax) and contingencies | 34,219 | 31,771 | 36,309 | 65,990 | 76,325 | 1,83,667 | ||
9. Exceptional items | - | - | - | - | - | - | ||
10. Profit from Ordinary Activities before tax(7-8-9) | 1,88,318 | 1,57,962 | 1,28,108 | 3,46,280 | 2,43,721 | 5,36,953 | ||
11. Tax expense | 49,709 | 40,269 | 32,582 | 89,978 | 62,020 | 1,25,221 | ||
12. Net Profit from Ordinary Activities after tax (10-11) | 1,38,609 | 1,17,693 | 95,526 | 2,56,302 | 1,81,701 | 4,11,732 | ||
13. Extraordinary items (net of tax expense) | - | - | - | - | - | - | ||
14. Net Profit for the period (12-13) |
| 1,38,609 | 1,17,693 | 95,526 | 2,56,302 | 1,81,701 | 4,11,732 | |
15. Paid-up Equity Share Capital(Face value ₹ 2/- per Equity Share) | 49,454 | 49,361 | 49,188 | 49,454 | 49,188 | 49,286 | ||
16. Reserves excluding Revaluation Reserve | 36,65,807 | |||||||
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 6) | |||||||
Under Basel III | 16.84 | 16.97 | 15.71 | 16.84 | 15.71 | 17.25 | ||
(iii) | Earnings per Share (EPS) (in ₹) | |||||||
(a) Basic EPS (before and after extraordinary items) | 5.61* | 4.77* | 3.89* | 10.38* | 7.39* | 16.74 | ||
(b) Diluted EPS (before and after extraordinary items) | 5.38* | 4.60* | 3.85* | 9.95* | 7.32* | 16.56 | ||
(iv) | NPA Ratios | |||||||
a) Gross NPA | 3,98,956 | 4,28,234 | 4,53,201 | 3,98,956 | 4,53,201 | 4,33,529 | ||
b) Net NPA | 49,220 | 50,605 | 1,16,516 | 49,220 | 1,16,516 | 52,925 | ||
c) % of Gross NPA | 1.32 | 1.52 | 1.83 | 1.32 | 1.83 | 1.62 | ||
d) % of Net NPA | 0.17 | 0.18 | 0.48 | 0.17 | 0.48 | 0.20 | ||
(v) | Return on Assets (%) | 0.33* | 0.30* | 0.27* | 0.64* | 0.52* | 1.15 | |
(vi) | Net Worth | 41,12,610 | 39,95,117 | 34,81,984 | 41,12,610 | 34,81,984 | 38,69,054 | |
(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 # | 0.60 | 0.45 | 0.51 | 0.60 | 0.51 | 0.55 | |
(xi) | Total Debts to Total Assets # | 5.77% | 4.62% | 5.05% | 5.77% | 5.05% | 5.46% | |
(xii) | Operating Margin | 24.16% | 22.90% | 21.01% | 23.56% | 20.48% | 22.42% | |
(xiii) | Net Profit Margin | 15.05% | 14.20% | 12.21% | 14.65% | 11.63% | 12.81% | |
* Not Annualised | ||||||||
# Debt and Total Debts represents Total Borrowings of the Bank | ||||||||
Segment Information@ |
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(₹ in Lakhs) | ||||||||
Particulars | Quarter ended | Half Year ended | Year ended | |||||
30.09.2026 | 30.06.2026 | 30.09.2025 | 30.09.2026 | 30.09.2025 | 31.03.2026 | |||
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |||
1) Segment Revenue: | ||||||||
Treasury | 1,73,685 | 1,49,481 | 1,62,421 | 3,23,166 | 3,56,275 | 6,68,863 | ||
Corporate/Wholesale Banking | 3,80,398 | 3,32,908 | 3,03,694 | 7,13,306 | 6,14,301 | 12,29,992 | ||
Retail Banking | 8,64,546 | 8,22,894 | 7,84,077 | 16,87,440 | 15,50,847 | 31,74,287 | ||
a) Digital Banking | 1,00,791 | 95,075 | 84,554 | 1,95,866 | 1,68,170 | 3,36,174 | ||
b) Other Retail Banking | 7,63,755 | 7,27,819 | 6,99,523 | 14,91,574 | 13,82,677 | 28,38,113 | ||
Other Banking operations | 15,652 | 10,779 | 11,989 | 26,431 | 19,283 | 43,250 | ||
Unallocated | 420 | 576 | 575 | 996 | 853 | 50,868 | ||
| Total Revenue | 14,34,701 | 13,16,638 | 12,62,756 | 27,51,339 | 25,41,559 | 51,67,260 | |
Less: Inter Segment Revenue | 5,13,559 | 4,87,969 | 4,80,323 | 10,01,528 | 9,79,165 | 19,53,683 | ||
| Income from Operations |
| 9,21,142 | 8,28,669 | 7,82,433 | 17,49,811 | 15,62,394 | 32,13,577 |
2) Segment Results (net of provisions): |
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Treasury | 38,244 | 26,109 | 28,984 | 64,353 | 67,261 | 1,15,557 | ||
Corporate/Wholesale Banking | 70,970 | 60,870 | 64,187 | 1,31,840 | 1,12,784 | 2,38,421 | ||
Retail Banking | 67,310 | 61,245 | 24,169 | 1,28,555 | 46,432 | 1,40,941 | ||
a) Digital Banking | 5,044 | 5,404 | 2,540 | 10,448 | 5,261 | 10,096 | ||
b) Other Retail Banking | 62,266 | 55,841 | 21,629 | 1,18,107 | 41,171 | 1,30,845 | ||
Other Banking operations | 11,374 | 9,162 | 10,193 | 20,536 | 16,391 | 36,762 | ||
Unallocated | 420 | 576 | 575 | 996 | 853 | 5,272 | ||
| Profit before tax | 1,88,318 | 1,57,962 | 1,28,108 | 3,46,280 | 2,43,721 | 5,36,953 | |
3) Segment Assets: |
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Treasury | 1,14,12,686 | 1,02,98,345 | 98,56,503 | 1,14,12,686 | 98,56,503 | 1,09,60,306 | ||
Corporate/Wholesale Banking | 1,53,64,215 | 1,34,45,791 | 1,21,35,812 | 1,53,64,215 | 1,21,35,812 | 1,30,15,453 | ||
Retail Banking | 1,56,83,364 | 1,54,24,801 | 1,33,00,724 | 1,56,83,364 | 1,33,00,724 | 1,45,29,464 | ||
a) Digital Banking | 9,07,315 | 8,35,158 | 8,15,421 | 9,07,315 | 8,15,421 | 8,22,508 | ||
b) Other Retail Banking | 1,47,76,049 | 1,45,89,643 | 1,24,85,303 | 1,47,76,049 | 1,24,85,303 | 1,37,06,956 | ||
Other Banking operations | 23,381 | 8,470 | 3,742 | 23,381 | 3,742 | 4,984 | ||
Unallocated | 2,09,007 | 1,60,235 | 3,11,240 | 2,09,007 | 3,11,240 | 2,41,942 | ||
| Total | 4,26,92,653 | 3,93,37,642 | 3,56,08,021 | 4,26,92,653 | 3,56,08,021 | 3,87,52,149 | |
4) Segment Liabilities: |
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Treasury | 41,32,627 | 32,80,990 | 30,24,964 | 41,32,627 | 30,24,964 | 36,77,394 | ||
Corporate/Wholesale Banking | 58,33,716 | 45,71,501 | 37,86,967 | 58,33,716 | 37,86,967 | 43,99,349 | ||
Retail Banking | 2,84,20,738 | 2,73,58,468 | 2,51,35,197 | 2,84,20,738 | 2,51,35,197 | 2,66,63,793 | ||
a) Digital Banking | 25,37,011 | 24,33,839 | 21,36,064 | 25,37,011 | 21,36,064 | 23,49,518 | ||
b) Other Retail Banking | 2,58,83,727 | 2,49,24,629 | 2,29,99,133 | 2,58,83,727 | 2,29,99,133 | 2,43,14,275 | ||
Other Banking operations | 40 | 31 | 51 | 40 | 51 | 92 | ||
Unallocated | 1,83,380 | 1,20,120 | 1,55,300 | 1,83,380 | 1,55,300 | 1,41,014 | ||
| Total | 3,85,70,501 | 3,53,31,110 | 3,21,02,479 | 3,85,70,501 | 3,21,02,479 | 3,48,81,642 | |
5) Capital Employed |
| 41,22,152 | 40,06,532 | 35,05,542 | 41,22,152 | 35,05,542 | 38,70,507 | |
6) Total (4 + 5) |
| 4,26,92,653 | 3,93,37,642 | 3,56,08,021 | 4,26,92,653 | 3,56,08,021 | 3,87,52,149 | |
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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 the domestic segment. | |||||||
Notes: |
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1 | Statement of Assets and Liabilities of the Bank as at September 30, 2026 is given below: | |||||||
(₹ in Lakhs) |
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Particulars | As at 30.09.2026 | As at 30.09.2025 | As at 31.03.2026 |
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Unaudited | Unaudited | Audited |
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CAPITAL AND LIABILITIES | ||||||||
Capital | 49,454 | 49,188 | 49,286 | |||||
Share Warrants Subscription Money | 1,54,913 | - | 1,54,913 | |||||
Reserves and Surplus | 39,17,785 | 34,56,354 | 36,66,308 | |||||
Deposits | 3,42,69,356 | 2,88,91,958 | 3,13,90,939 | |||||
Borrowings | 24,63,207 | 17,96,749 | 21,15,913 | |||||
Other Liabilities and Provisions | 18,37,938 | 14,13,772 | 13,74,790 | |||||
Total | 4,26,92,653 | 3,56,08,021 | 3,87,52,149 |
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ASSETS | ||||||||
Cash and Balances with Reserve Bank of India | 16,80,083 | 15,36,666 | 15,56,619 | |||||
Balance with Banks and Money at Call and Short Notice | 8,88,096 | 7,49,532 | 10,16,141 | |||||
Investments | 84,04,530 | 70,34,694 | 76,67,621 | |||||
Advances | 2,98,22,564 | 2,44,65,706 | 2,64,59,437 | |||||
Fixed Assets | 1,47,004 | 1,45,324 | 1,47,252 | |||||
Other Assets | 17,50,376 | 16,76,099 | 19,05,079 | |||||
Total | 4,26,92,653 | 3,56,08,021 | 3,87,52,149 |
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2 | The above Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026, were approved by the Board of Directors at its meeting held on October 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 thereon. | |||||||
3 | 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 (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, in so far as they apply to the Bank, and the guidelines issued by the RBI. | |||||||
4 | 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, 2026, except as stated in Note 13 below. Any circular / direction issued by the RBI is implemented prospectively when it becomes applicable, unless specifically required otherwise under such circular / direction. | |||||||
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, dividend received from subsidiaries / associate, recoveries from advances written off, etc. | |||||||
6 | 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. During the half year ended September 30, 2026, the Bank has included net profit for the period as part of the regulatory capital as per extant RBI guidelines. | |||||||
7 | During the quarter and half year ended September 30, 2026, the Bank has allotted 46,39,920 and 83,96,575 equity shares of ₹ 2 each respectively, pursuant to the exercise of stock options by employees. | |||||||
8 | As per the 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. | |||||||
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, on resolution plan implemented under the Resolution Framework for COVID-19-related Stress are given below: | |||||||
(₹ in Lakhs) | ||||||||
Type of borrower | Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of the previous half-year ended March 31, 2026 (A) (1) | Of (A), aggregate debt that slipped into NPA during the half-year | Of (A) amount written off during the half-year | Of (A) amount paid by the borrowers during the half- year (2) | Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of this half-year ended September 30, 2026 (1),(3) | |||
Personal Loans | 82,232.18 | 1,764.09 | 0.12 | 7,447.12 | 73,744.29 | |||
Corporate persons | 2,046.99 | - | - | 136.29 | 1,910.70 | |||
Of which, MSMEs | - | - | - | - | - | |||
Others | 6,457.58 | 167.85 | - | 1,596.47 | 4,699.25 | |||
Total | 90,736.75 | 1,931.94 | 0.12 | 9,179.88 | 80,354.24 | |||
| ||||||||
1. Excludes other facilities to the borrowers which have not been restructured. | ||||||||
2. Represents net movement in balance outstanding. | ||||||||
3. Includes accounts which were classified as NPA earlier and subsequently upgraded to standard during the half year ended September 30, 2026. | ||||||||
10 | Disclosures as per the '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 half year ended September 30, 2026, are given below: | |||||||
i) During the half year ended September 30, 2026, the Bank neither acquired any loans not in default or stressed loans (Non-Performing Assets and Special Mention Accounts) nor transferred any loans not in default or Special Mention Accounts. | ||||||||
ii) Details of Non-Performing Assets (NPAs) (excluding prudentially written off advances) transferred are given below: | ||||||||
Particulars | To ARCs | To permitted transferees | To other transferees | |||||
Number of accounts | 1 | - | - | |||||
Aggregate principal outstanding of loans transferred (₹ in lakhs) | 336.66 | - | - | |||||
Weighted average residual tenor of the loans transferred (in years) | - | - | - | |||||
Net book value of loans transferred (at the time of transfer) (₹ in lakhs) | - | - | - | |||||
Aggregate consideration (₹ in lakhs) | 356.00 | - | - | |||||
Additional consideration realized in respect of accounts transferred in earlier years (₹ in lakhs) | - | - | - | |||||
Provisions reversed to the profit and loss account on account of sale of stressed loans (₹ in lakhs) | 336.66 | - | - | |||||
iii) Details of the recovery ratings assigned to Security Receipts outstanding as on September 30, 2026 are given below:
| ||||||||
(₹ in Lakhs) | ||||||||
Rating | Recovery Rating | Gross Book Value | ||||||
RR1 | 100%-150% | 439.47 | ||||||
Total |
| 439.47 |
| |||||
11 | Disclosure as per the '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 September 30, 2026, 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. | 81 | 2,38,237.51 | |||||
2 | Projects under implementation accounts sanctioned during the quarter. | 3 | 11,108.87 | |||||
3 | Projects under implementation accounts where DCCO has been achieved during the quarter.@ | 18 | 41,704.26 | |||||
4 | Projects under implementation accounts at the end of the quarter. (1+2-3) | 66 | 2,07,642.12 | |||||
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 | 1,10,422.01 | |||||
5.1 | Out of '5' - accounts in respect of which Resolution plan has been implemented. | 29 | 1,10,422.01 | |||||
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 September 30, 2026 | ||||||||
@ includes 3 accounts closed during the quarter | ||||||||
12 | Disclosure as per the 'Reserve Bank of India (Commercial Banks - Financial Statements : Presentation and Disclosures) Directions, 2025' dated November 28, 2025, and as amended thereafter, on Co-Lending Arrangements (CLAs) on an aggregate basis for the half year ended September 30, 2026, is given below. | |||||||
Sl No | Item Description | As at September 30, 2026 | ||||||
1 | Number of CLA Partners | 3 | ||||||
2 | Number of accounts outstanding | 65,093 | ||||||
3 | Quantum of CLA (₹ in lakhs) | 17,294.75 | ||||||
4 | Weighted average rate of interest (%) | 25.94% | ||||||
5 | Fees charged for the half year (₹ in lakhs) | 822.43 | ||||||
6 | Broad sectors in which CLA was made | Agriculture & Business Loans | ||||||
7 | Performance of loans under CLA | |||||||
- Standard loans (₹ in lakhs) | 15,923.77 | |||||||
- Non-Performing loans (₹ in lakhs) | 1,370.98 | |||||||
8 | Details related to default loss guarantee | - | ||||||
13 | The Bank was following the Intrinsic Value Method for accounting the stock options granted under the Employee Stock Option Schemes (ESOS), except for grants made to Material Risk Takers which were accounted for using the Fair Value Method. During the quarter ended September 30, 2026, to ensure uniformity across all employee share-based compensation schemes, the Bank changed its accounting policy, effective April 01, 2026, from Intrinsic Value Method to Fair Value Method for stock options granted to all its employees. The fair value of these applicable stock options is determined using the Black-Scholes option pricing model and recognised as employee compensation expense over the respective vesting periods. Consequently, Employees cost for the quarter and half year ended September 30, 2026, is higher by ₹ 3,272.74 lakh and profit after tax for the said period is lower by ₹ 2,449.06 lakh. | |||||||
14 | The figures for the quarter ended June 30, 2026, quarter and half year ended September 30, 2025 and year ended March 31, 2026 were reviewed / audited by previous Joint Statutory Auditors. | |||||||
15 | Previous period's figures have been regrouped / reclassified, wherever necessary to conform to the current period's classification.
| |||||||
KRISHNAN VENKAT SUBRAMANIAN | ||||||||
Mumbai | MANAGING DIRECTOR & CEO | |||||||
October 16, 2026 | (DIN: 00031794) | |||||||
THE FEDERAL BANK LIMITED | ||
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101 | ||
(CIN: L65191KL1931PLC000368) | ||
UNAUDITED STANDALONE CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 | ||
(₹ in Lakhs) | ||
Particulars | Half Year ended September 30, 2026 | Half Year ended September 30, 2025 |
Cash Flow from Operating Activities | ||
Net Profit Before Taxes | 3,46,280 | 2,43,721 |
Adjustments for: | ||
Depreciation on Bank's Property | 14,539 | 14,435 |
(Profit) / Loss on revaluation of Investments (net) | (11,478) | 1,744 |
Amortisation of discount on Investments | (15,795) | (4,130) |
Provision / Charge for Non Performing Advances | 49,259 | 68,975 |
Provision for Investments, Standard Assets and Contingencies | 16,731 | 7,351 |
Profit on sale of Fixed Assets (net) | (256) | (1) |
Dividend From Subsidiaries / Associate | (143) | (1,655) |
Employees Stock Option Expense | 5,309 | 1,034 |
| 4,04,446 | 3,31,474 |
Adjustments for working capital changes:- | ||
(Increase) / Decrease in Investments [excluding investments in Subsidiaries, Associate and Held to Maturity Investments] | (22,921) | 1,27,494 |
Increase in Advances | (34,12,386) | (10,51,042) |
(Increase) / Decrease in Other Assets | 35,693 | (1,16,479) |
Increase in Deposits | 28,78,417 | 5,27,211 |
Increase in Other Liabilities and Provisions | 4,49,726 | 5,87,796 |
(71,471) | 74,980 | |
Direct taxes (paid) / refunded (net) | 39,405 | (69,430) |
Net Cash Flow from Operating Activities | 3,72,380 | 3,37,024 |
Cash Flow from Investing Activities | ||
Purchase of Fixed Assets | (14,357) | (11,939) |
Proceeds from sale of Fixed Assets | 322 | 8 |
Dividend From Subsidiaries / Associate | 143 | 1,655 |
Purchase of Held to Maturity Investments (net) | (6,88,299) | (5,23,367) |
Net Cash Used in Investing Activities | (7,02,191) | (5,33,643) |
Cash Flow from Financing Activities | ||
Proceeds from issue of Share Capital | 168 | 71 |
Proceeds from Share Premium (Net of Share Issue Expenses) | 7,465 | 2,597 |
Increase / (Decrease) in Borrowings (Excluding Subordinate Debt) | 3,47,294 | (5,75,881) |
Dividend Paid | (29,660) | (29,504) |
Net Cash flow from / (used in) Financing Activities | 3,25,267 | (6,02,717) |
|
|
|
Effect of Exchange Fluctuation on Translation Reserve | (37) | (390) |
Net Decrease in Cash and Cash Equivalents | (4,581) | (7,99,726) |
Cash and Cash Equivalents at the beginning of the period | 25,72,760 | 30,85,924 |
Cash and Cash Equivalents at the end of the period | 25,68,179 | 22,86,198 |
Note: |
| |
Cash and Cash Equivalents comprise of Cash in hand (including foreign currency notes), Balances with Reserve Bank of India, Balances with banks and Money at call and short notice. | ||
KRISHNAN VENKAT SUBRAMANIAN | ||
Mumbai | MANAGING DIRECTOR & CEO | |
October 16, 2026 | (DIN: 00031794) | |
|
| |||||||||||||||
| ||||||||||||||||
| ||||||||||||||||
THE FEDERAL BANK LIMITED |
| |||||||||||||||
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101 |
| |||||||||||||||
(CIN: L65191KL1931PLC000368) |
| |||||||||||||||
UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 |
| |||||||||||||||
|
|
|
|
|
|
| (₹ in Lakhs) |
| ||||||||
Particulars | Quarter ended | Half Year ended | Year ended |
| ||||||||||||
30.09.2026 | 30.06.2026 | 30.09.2025 | 30.09.2026 | 30.09.2025 | 31.03.2026 |
| ||||||||||
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited |
| ||||||||||
1. Interest earned (a)+(b)+(c)+(d) | 8,38,284 | 7,86,158 | 7,21,618 | 16,24,442 | 14,36,702 | 29,67,410 |
| |||||||||
(a) | Interest/discount on advances/bills | 6,81,987 | 6,37,103 | 5,85,485 | 13,19,090 | 11,63,851 | 23,67,438 |
| ||||||||
(b) | Income on investments | 1,34,809 | 1,34,016 | 1,16,736 | 2,68,825 | 2,30,078 | 4,76,810 |
| ||||||||
(c) | Interest on balances with Reserve Bank of India and other inter bank funds | 16,018 | 8,837 | 11,090 | 24,855 | 26,153 | 45,833 |
| ||||||||
(d) | Others | 5,470 | 6,202 | 8,307 | 11,672 | 16,620 | 77,329 |
| ||||||||
2. Other income (Refer note 6) | 1,52,057 | 1,08,153 | 1,10,528 | 2,60,210 | 2,26,977 | 4,59,832 |
| |||||||||
3. TOTAL INCOME (1+2) | 9,90,341 | 8,94,311 | 8,32,146 | 18,84,652 | 16,63,679 | 34,27,242 |
| |||||||||
4. Interest expended | 4,78,339 | 4,53,758 | 4,42,947 | 9,32,097 | 8,96,909 | 17,77,156 |
| |||||||||
5. Operating expenses (i)+(ii) | 2,64,502 | 2,31,129 | 2,12,200 | 4,95,631 | 4,19,067 | 8,66,664 |
| |||||||||
(i) | Employees cost | 1,20,439 | 1,07,063 | 92,975 | 2,27,502 | 1,84,003 | 3,75,565 |
| ||||||||
(ii) | Other operating expenses | 1,44,063 | 1,24,066 | 1,19,225 | 2,68,129 | 2,35,064 | 4,91,099 |
| ||||||||
6. TOTAL EXPENDITURE (4+5) (excluding provisions and contingencies) | 7,42,841 | 6,84,887 | 6,55,147 | 14,27,728 | 13,15,976 | 26,43,820 |
| |||||||||
7. OPERATING PROFIT (3-6) (Profit before provisions and contingencies) | 2,47,500 | 2,09,424 | 1,76,999 | 4,56,924 | 3,47,703 | 7,83,422 |
| |||||||||
8. Provisions (other than tax) and contingencies | 35,300 | 35,324 | 39,744 | 70,624 | 83,465 | 1,97,079 |
| |||||||||
9. Exceptional items | - | - | - | - | - | - |
| |||||||||
10. Profit from Ordinary Activities before tax(7-8-9) | 2,12,200 | 1,74,100 | 1,37,255 | 3,86,300 | 2,64,238 | 5,86,343 |
| |||||||||
11. Tax expense | 55,794 | 44,339 | 35,312 | 1,00,133 | 67,618 | 1,38,005 |
| |||||||||
12. Net Profit from Ordinary Activities after tax (10-11) | 1,56,406 | 1,29,761 | 1,01,943 | 2,86,167 | 1,96,620 | 4,48,338 |
| |||||||||
13. Extraordinary items (net of tax expense) | - | - | - | - | - | - |
| |||||||||
14. Net Profit for the period (12-13) |
| 1,56,406 | 1,29,761 | 1,01,943 | 2,86,167 | 1,96,620 | 4,48,338 |
| ||||||||
15. Minority interest | 6,956 | 4,640 | 3,070 | 11,596 | 6,297 | 14,564 |
| |||||||||
16. Share in Profit / (Loss) of Associate | 415 | 488 | 321 | 903 | 703 | 756 |
| |||||||||
17. Consolidated Net Profit of the group(14-15+16) | 1,49,865 | 1,25,609 | 99,194 | 2,75,474 | 1,91,026 | 4,34,530 |
| |||||||||
18. Paid-up Equity Share Capital(Face value ₹ 2/- per Equity Share) | 49,454 | 49,361 | 49,188 | 49,454 | 49,188 | 49,286 |
| |||||||||
19. Reserves excluding Revaluation Reserve | 37,99,601 |
| ||||||||||||||
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) | 6.07* | 5.09* | 4.04* | 11.16* | 7.77* | 17.67 |
| |||||||||
(b) Diluted EPS (before and after extraordinary items) | 5.82* | 4.91* | 4.00* | 10.70* | 7.70* | 17.48 |
| |||||||||
* Not Annualised |
| |||||||||||||||
Segment Information@ |
| |||||||||||||||
|
| (₹ in Lakhs) | ||||||||||||||
Particulars | Quarter ended | Half Year ended | Year ended | |||||||||||||
30.09.2026 | 30.06.2026 | 30.09.2025 | 30.09.2026 | 30.09.2025 | 31.03.2026 | |||||||||||
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |||||||||||
1) Segment Revenue: | ||||||||||||||||
Treasury | 1,74,803 | 1,50,471 | 1,61,544 | 3,25,274 | 3,56,261 | 6,70,418 | ||||||||||
Corporate/Wholesale Banking | 3,78,626 | 3,30,883 | 3,01,787 | 7,09,509 | 6,10,271 | 12,22,202 | ||||||||||
Retail Banking | 9,33,714 | 8,88,741 | 8,35,398 | 18,22,455 | 16,52,632 | 33,88,652 | ||||||||||
a) Digital Banking | 1,00,791 | 95,075 | 84,554 | 1,95,866 | 1,68,170 | 3,36,174 | ||||||||||
b) Other Retail Banking | 8,32,923 | 7,93,666 | 7,50,844 | 16,26,589 | 14,84,462 | 30,52,478 | ||||||||||
Other Banking operations | 16,337 | 11,609 | 13,165 | 27,946 | 22,827 | 48,778 | ||||||||||
Unallocated | 420 | 576 | 575 | 996 | 853 | 50,875 | ||||||||||
| Total Revenue | 15,03,900 | 13,82,280 | 13,12,469 | 28,86,180 | 26,42,844 | 53,80,925 | |||||||||
Less: Inter Segment Revenue | 5,13,559 | 4,87,969 | 4,80,323 | 10,01,528 | 9,79,165 | 19,53,683 | ||||||||||
| Income from Operations | 9,90,341 | 8,94,311 | 8,32,146 | 18,84,652 | 16,63,679 | 34,27,242 | |||||||||
2) Segment Results (net of provisions): | ||||||||||||||||
Treasury | 39,966 | 27,678 | 28,693 | 67,644 | 68,412 | 1,19,436 | ||||||||||
Corporate/Wholesale Banking | 71,050 | 60,870 | 64,230 | 1,31,920 | 1,12,786 | 2,38,288 | ||||||||||
Retail Banking | 89,536 | 74,984 | 32,113 | 1,64,520 | 62,252 | 1,85,875 | ||||||||||
a) Digital Banking | 5,044 | 5,404 | 2,540 | 10,448 | 5,261 | 10,096 | ||||||||||
b) Other Retail Banking | 84,492 | 69,580 | 29,573 | 1,54,072 | 56,991 | 1,75,779 | ||||||||||
Other Banking operations | 11,228 | 9,992 | 11,644 | 21,220 | 19,935 | 37,465 | ||||||||||
Unallocated | 420 | 576 | 575 | 996 | 853 | 5,279 | ||||||||||
| Profit before tax | 2,12,200 | 1,74,100 | 1,37,255 | 3,86,300 | 2,64,238 | 5,86,343 | |||||||||
3) Segment Assets: |
|
|
|
|
|
|
| |||||||||
Treasury | 1,14,52,046 | 1,03,11,467 | 98,56,435 | 1,14,52,046 | 98,56,435 | 1,09,60,131 | ||||||||||
Corporate/Wholesale Banking | 1,52,67,673 | 1,33,41,222 | 1,20,39,784 | 1,52,67,673 | 1,20,39,784 | 1,29,02,856 | ||||||||||
Retail Banking | 1,73,80,758 | 1,71,66,282 | 1,45,52,276 | 1,73,80,758 | 1,45,52,276 | 1,61,06,301 | ||||||||||
a) Digital Banking | 9,07,315 | 8,35,158 | 8,15,421 | 9,07,315 | 8,15,421 | 8,22,508 | ||||||||||
b) Other Retail Banking | 1,64,73,443 | 1,63,31,124 | 1,37,36,855 | 1,64,73,443 | 1,37,36,855 | 1,52,83,793 | ||||||||||
Other Banking operations | 23,821 | 8,802 | 4,277 | 23,821 | 4,277 | 5,169 | ||||||||||
Unallocated | 2,01,721 | 1,53,320 | 3,03,808 | 2,01,721 | 3,03,808 | 2,33,623 | ||||||||||
| Total | 4,43,26,019 | 4,09,81,093 | 3,67,56,580 | 4,43,26,019 | 3,67,56,580 | 4,02,08,080 | |||||||||
4) Segment Liabilities: |
| |||||||||||||||
Treasury | 42,18,074 | 33,50,036 | 30,81,628 | 42,18,074 | 30,81,628 | 37,25,814 | ||||||||||
Corporate/Wholesale Banking | 58,14,230 | 45,65,880 | 37,84,513 | 58,14,230 | 37,84,513 | 43,84,940 | ||||||||||
Retail Banking | 2,97,19,951 | 2,86,91,260 | 2,60,17,415 | 2,97,19,951 | 2,60,17,415 | 2,78,53,106 | ||||||||||
a) Digital Banking | 25,37,011 | 24,33,839 | 21,36,064 | 25,37,011 | 21,36,064 | 23,49,518 | ||||||||||
b) Other Retail Banking | 2,71,82,940 | 2,62,57,421 | 2,38,81,351 | 2,71,82,940 | 2,38,81,351 | 2,55,03,588 | ||||||||||
Other Banking operations | 2,832 | 158 | 203 | 2,832 | 203 | 292 | ||||||||||
Unallocated | 1,76,094 | 1,13,205 | 1,47,868 | 1,76,094 | 1,47,868 | 1,32,695 | ||||||||||
| Total | 3,99,31,181 | 3,67,20,539 | 3,30,31,627 | 3,99,31,181 | 3,30,31,627 | 3,60,96,847 | |||||||||
5) Capital Employed | 43,94,838 | 42,60,554 | 37,24,953 | 43,94,838 | 37,24,953 | 41,11,233 | ||||||||||
6) Total (4 + 5) | 4,43,26,019 | 4,09,81,093 | 3,67,56,580 | 4,43,26,019 | 3,67,56,580 | 4,02,08,080 | ||||||||||
|
| |||||||||||||||
@ | 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 the domestic segment. | |||||||||||||||
Notes: |
| |||||||||||||||
1 | Statement of Assets and Liabilities of the group as at September 30, 2026 is given below: | |||||||||||||||
(₹ in Lakhs) |
| |||||||||||||||
Particulars | As at 30.09.2026 | As at 30.09.2025 | As at 31.03.2026 |
| ||||||||||||
Unaudited | Unaudited | Audited |
| |||||||||||||
CAPITAL AND LIABILITIES | ||||||||||||||||
Capital | 49,454 | 49,188 | 49,286 | |||||||||||||
Share Warrants Subscription Money | 1,54,913 | - | 1,54,913 | |||||||||||||
Reserves and Surplus | 40,71,034 | 35,77,413 | 38,00,102 | |||||||||||||
Minority Interest | 1,19,437 | 98,352 | 1,06,932 | |||||||||||||
Deposits | 3,42,18,891 | 2,88,86,166 | 3,13,49,089 | |||||||||||||
Borrowings | 37,99,574 | 26,93,048 | 33,19,325 | |||||||||||||
Other Liabilities and Provisions | 19,12,716 | 14,52,413 | 14,28,433 | |||||||||||||
Total | 4,43,26,019 | 3,67,56,580 | 4,02,08,080 |
| ||||||||||||
ASSETS | ||||||||||||||||
Cash and Balances with Reserve Bank of India | 16,80,790 | 15,37,268 | 15,57,677 | |||||||||||||
Balance with Banks and Money at Call and Short Notice | 9,39,220 | 8,00,068 | 11,32,055 | |||||||||||||
Investments | 84,24,244 | 70,29,606 | 76,47,145 | |||||||||||||
Advances | 3,12,82,318 | 2,54,86,801 | 2,77,38,066 | |||||||||||||
Fixed Assets | 1,53,824 | 1,50,755 | 1,52,817 | |||||||||||||
Other Assets | 18,45,623 | 17,52,082 | 19,80,320 | |||||||||||||
Total | 4,43,26,019 | 3,67,56,580 | 4,02,08,080 |
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2 | The above Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2026, were approved by the Board of Directors at its meeting held on October 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 thereon. | |||||||||||||||
3 | The above Consolidated 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 (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, in so far as they apply to the Group, and the guidelines issued by the RBI. | |||||||||||||||
4 | The Consolidated Financial Results of the Group comprise the financial results of The Federal Bank Limited and its subsidiaries viz. Fedbank Financial Services Limited and Federal Operations and Services Limited and its associate, Ageas Federal Life Insurance Company Limited. | |||||||||||||||
5 | 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, 2026, except as stated in Note 8 below. | |||||||||||||||
6 | 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. | |||||||||||||||
7 | As per the 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. | |||||||||||||||
8 | The Bank was following the Intrinsic Value Method for accounting the stock options granted under the Employee Stock Option Schemes (ESOS), except for grants made to Material Risk Takers which were accounted for using the Fair Value Method. During the quarter ended September 30, 2026, to ensure uniformity across all employee share-based compensation schemes, the Bank changed its accounting policy, effective April 01, 2026, from Intrinsic Value Method to Fair Value Method for stock options granted to all its employees. The fair value of these applicable stock options is determined using the Black-Scholes option pricing model and recognised as employee compensation expense over the respective vesting periods. Accordingly, the subsidiaries accounting policy also has been aligned. Consequently, the Group's Employees cost for the quarter and half year ended September 30, 2026, is higher by ₹ 3,956.74 lakh and profit after tax for the said period is lower by ₹ 2,961.06 lakh. | |||||||||||||||
9 | The figures for the quarter ended June 30, 2026, quarter and half year ended September 30, 2025 and year ended March 31, 2026 were reviewed / audited by previous Joint Statutory Auditors. | |||||||||||||||
10 | Previous period's figures have been regrouped / reclassified, wherever necessary to conform to the current period's classification. | |||||||||||||||
| KRISHNAN VENKAT SUBRAMANIAN | |||||||||||||||
Mumbai | MANAGING DIRECTOR & CEO | |||||||||||||||
October 16, 2026 | (DIN: 00031794) | |||||||||||||||
THE FEDERAL BANK LIMITED | ||
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101 | ||
(CIN: L65191KL1931PLC000368) | ||
UNAUDITED CONSOLIDATED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 | ||
| (₹ in Lakhs) | |
Particulars | Half Year ended September 30, 2026 | Half Year ended September 30, 2025 |
Cash Flow from Operating Activities | ||
Net Profit Before Taxes | 3,75,607 | 2,58,644 |
Adjustments for: | ||
Depreciation on Group's Property | 15,675 | 15,497 |
(Profit) / Loss on revaluation of Investments (net) | (11,489) | 1,597 |
Amortisation of discount on Investments | (15,795) | (4,130) |
Provision / Charge for Non Performing Advances | 52,618 | 77,779 |
Provision for Investments, Standard Assets and Contingencies | 18,006 | 5,834 |
Profit on sale of Fixed Assets (net) | (142) | (1) |
Employees Stock Option Expense | 5,723 | 1,034 |
| 4,40,203 | 3,56,254 |
Adjustments for working capital changes:- | ||
(Increase) / Decrease in Investments [excluding investments in Subsidiaries, Associate and Held to Maturity Investments] | (63,211) | 1,13,787 |
Increase in Advances | (35,96,870) | (10,65,044) |
(Increase) / Decrease in Other Assets | 27,804 | (1,49,033) |
Increase in Deposits | 28,69,802 | 5,37,804 |
Increase in Other Liabilities and Provisions | 4,68,552 | 5,86,787 |
(2,93,923) | 24,301 | |
Direct taxes (paid) / refunded (net) | 18,168 | (79,147) |
Net Cash Flow from Operating Activities | 1,64,448 | 3,01,408 |
Cash Flow from Investing Activities | ||
Purchase of Fixed Assets | (16,797) | (13,503) |
Proceeds from sale of Fixed Assets | 256 | 9 |
Purchase of Held to Maturity Investments (net) | (6,88,367) | (5,23,367) |
Net Cash Used in Investing Activities | (7,04,908) | (5,36,861) |
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|
|
Cash Flow from Financing Activities | ||
Proceeds from issue of Share Capital | 168 | 71 |
Proceeds from Share Premium (Net of Share Issue Expenses) | 7,658 | 2,697 |
Increase in Minority Interest | 12,360 | 6,737 |
Redemption of Subordinate Debt | (660) | - |
Increase / (Decrease) in Borrowings (Excluding Subordinate Debt) | 4,80,909 | (5,66,535) |
Dividend Paid | (29,660) | (29,504) |
Net Cash flow from / (used in) Financing Activities | 4,70,775 | (5,86,534) |
|
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Effect of Exchange Fluctuation on Translation Reserve | (37) | (390) |
Net Decrease in Cash and Cash Equivalents | (69,722) | (8,22,377) |
Cash and Cash Equivalents at the beginning of the period | 26,89,732 | 31,59,713 |
Cash and Cash Equivalents at the end of the period | 26,20,010 | 23,37,336 |
Note: |
| |
Cash and Cash Equivalents comprise of Cash in hand (including foreign currency notes), Balances with Reserve Bank of India, Balances with banks and Money at call and short notice. | ||
KRISHNAN VENKAT SUBRAMANIAN | ||
Mumbai | MANAGING DIRECTOR & CEO | |
October 16, 2026 | (DIN: 00031794) | |
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