FEDERALBNK · NSE · Private Sector Bank
Federal Bank Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Mid Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
fair
low confidence
No valuation within 120 days; P/E 17.4 vs peers 18.0 (5th of 9); P/B 1.7 vs peers 1.1 (8th of 9).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is Federal Bank's share price today?
Federal Bank last traded at ₹328.20 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.6% on the day, up 54.9% over a year. Its 52-week range is ₹199 to ₹372. The live price is in the app.
₹328.20
−0.6% today
+54.9% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range75% of the way up
Low ₹199High ₹372
What is Federal Bank's market cap?
Federal Bank's market capitalisation is about ₹81,602 crore: what it would cost to buy every share at today's price. That makes it the 35th largest mid cap company we cover.
₹81,602 Cr
Mid Cap35th largest mid cap company
Share price₹328.20
×
Shares in issue249 crore
=
Market cap₹81,602 Cr
Mid Cap means the companies ranked 101 to 250 by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: FEDERALBNK
- ISIN
- INE171A01029
- Cap bucket
- Mid Cap, 35th largest by market cap
- Industry (NSE)
- Financial Services › Banks › Private Sector Bank
- Listed since
- 1995
- Futures and options
- Traded
Is Federal Bank overvalued?
Fair, with low confidence: no valuation within 120 days; P/E 17.4 vs peers 18.0 (5th of 9); P/B 1.7 vs peers 1.1 (8th of 9).
Valuation
Latest price and trailing 12 months
P/E
17.35
vs peers 18.0 · 5th of 9
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
1.72
vs peers 1.1 · 8th of 9
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹81,602 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
0.5%
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
6.91
vs peers 7.1 · 4th of 7
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
3.10
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is Federal Bank a quality business?
Quality score 45.8, 6th of 9 in its peer set; CLEAN on 18 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
45.8
vs peers 49.0 · 6th of 9
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
CLEAN
18 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: standalone accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is interest earned less expended over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances; ROA over average total assets; ROE over average equity; GNPA, NNPA, provision coverage, CET1 from the Jun-26 quarter filing
Net interest margin
3.3%
vs peers 4.1% · 8th of 9
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
1.5%
vs peers 1.6% · 5th of 9
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
0.2%
vs peers 0.4% · 2nd of 9
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
88.2%
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
0.7%
vs peers 1.5% · 4th of 9
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
52.3%
vs peers 60.1% · 4th of 9
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
1.1%
vs peers 0.7% · 4th of 9
Profit as a share of average total assets. Learn more →
CET1 ratio
15.9%
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
12.7%
vs peers 16.5% · 7th of 9
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
10.7%
vs peers 12.7% · 7th of 9
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has Federal Bank made money for shareholders?
Yes: +54.9% over one year and +30.4% a year over five years.
Shareholder returns
5-year return
+30.4% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
+0.8%1M
−3.8%3M
−0.8%6M
+14.5%1Y
+54.9%3Y
+31.2%5Y
+30.4%Does Federal Bank pay a dividend?
Yes. Federal Bank's dividend yield is 0.46% at the latest price; the last payout was ₹1.20 a share, ex-dividend 14 Aug 2026.
Dividends
Per share, by ex-dividend date
Dividend yield0.46%
The past 12 months' dividends as a share of today's price.
14 Aug 2026 · Final₹1.20
22 Aug 2025 · Final₹1.20
23 Aug 2024 · Final₹1.20
11 Aug 2023 · Final₹1.00
19 Jul 2022 · Final₹1.80
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is Federal Bank growing?
Loan growth 12.7%; deposit growth 10.7%; revenue 3 years 19.2% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
12.7%
vs peers 16.5% · 7th of 9
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
10.7%
vs peers 12.7% · 7th of 9
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
19.2% a year
vs peers 12.5% · 3rd of 9
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
5.6% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
16.2% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
16.2% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did Federal Bank do last quarter?
Federal Bank reported income of ₹8,943 Cr, up 7.0% on a year earlier and a net profit of ₹1,256 Cr, up 4.5% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹8,943 Cr
+7.0% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹1,256 Cr
+4.5% on a year earlier
What was left for shareholders after every cost and tax.
How does Federal Bank compare with its peers?
Compared with 8 Private Sector Bank; 5th of 9 on P/E; 6th of 9 on quality score.
Compared with 8 Private Sector Bank
8 companies
Federal Bank against its peers
Largest 8 of 8 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
Federal Bank Ltd₹81,602 Cr17.41.711.4%+54.9%
Peer median—18.01.15.7%+10.6%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns Federal Bank?
Federal Bank has no promoter holding; it is widely held.
Shareholding pattern
Latest filing, percent of shares
Promoters0.0%
The founders and controlling group.
Foreign institutions27.7%
Overseas funds investing through the FPI route.
Domestic institutions49.3%
Indian insurers, banks, pension and mutual funds together.
Mutual funds37.7%
Indian mutual fund schemes; part of domestic institutions.
Retail and others11.3%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about Federal Bank?
35 analysts cover Federal Bank, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
35 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does Federal Bank do and what is it sensitive to?
Federal Bank is one of the leading private-sector banks in India, is the preferred Personal, NRI and Business banking partner for a growing expanse of customers across India, in both urban and rural areas. Sensitive to: interest rates.
Business-model card
FY2026 · 44 verified
4Revenue
5Channels
3Regulators
4Reg. dependencies
5Sensitivities
4Costs
3Geographies
Federal Bank is one of the leading private-sector banks in India, is the preferred Personal, NRI and Business banking partner for a growing expanse of customers across India, in both urban and rural areas. It earns through lending, deposits and other banking services across Retail, Corporate/Wholesale and Treasury segments.
Revenue by segment
year ended March 31, 2026 (consolidated, Schedule 18 of the consolidated financial statements)
Treasury7.7%
Corporate/Wholesale Banking14.0%
Retail Banking#38.9%
Retail Banking# - Digital Banking3.9%
Retail Banking# - Other Retail Banking35.0%
Other Banking Operations0.6%
Revenue engine
4 verified
Retail Banking
Lending of funds, acceptance of deposits and other banking services to individuals and small business customers, per the excerpt's segment definition. Revenue is interest earned plus charges and fees from loans and services.
Digital Banking sub-segment within Retail
Digital banking products are reported as a sub-segment of Retail Banking under an RBI guideline, so digital product revenue sits inside retail results.
Corporate/Wholesale Banking
Lending, deposit-taking and banking services to corporates, trusts, partnership firms and statutory bodies not in retail. Revenue is interest, charges and fees from these customers.
1 more statement
Treasury
Income comes from interest on the investment portfolio, gains and losses, margins and fees on trading and foreign exchange. Principal expense is interest on borrowed funds.
Customers & channels
5 verified
Diverse customer base
Covers self-employed and salaried individuals, NRIs, HNIs, MSMEs, self-help groups, large corporates, government bodies and farmers, so earnings span several customer groups.
Customer base size
The bank reports more than 19 million customers as of 31 March 2025, which is the base for deposits and lending.
Digital channels for onboarding and servicing
Digital channels are a growing share of onboarding, payments, collections and servicing, so acquisition cost and channel mix shift toward digital.
2 more statements
Institutional customers
Schools, universities, religious organisations and merchants need banking capabilities matched to their collection cycles and administrative processes.
Government employees segment
Served through the GovEarn and GovEarn Prime propositions, a segment-specific product set.
Regulators
3 verified
Reserve Bank of India
Governs the bank's business under the RBI Act, Master Directions for commercial banks and the Banking Regulation Act, and related circulars.
Reserve Bank Integrated Ombudsman Scheme
Governs customer complaint redressal under the RBI ombudsman scheme.
Deposit Insurance and Credit Guarantee Corporation
Governs deposit insurance under the DICGC Act, which applies to the bank's deposit base.
Regulatory dependencies
4 verified
SARFAESI enforcement of security interest
Interpretation: the SARFAESI Act governs enforcement against collateral on secured loans, so changes to it would move recoveries on non-performing secured lending.
Capital requirements on growth lending
Higher-growth lines can carry higher capital requirements and different risk characteristics than secured retail lending, so capital consumption rises with that growth.
Regulatory reporting and compliance cost
Company reports increased compliance complexity and cost of regulatory reporting, so tighter rules raise operating cost.
1 more statement
Data localisation and consent-based sharing
Company upgraded systems for data localisation and consent-based data sharing, so new data rules raise technology cost and change customer data handling.
Sensitivities
5 verified
Interest rates
Rising interest rates can raise borrowing costs and reduce customer demand, per the excerpt. Interpretation: a rate rise that is not passed through to deposit costs compresses margins.
Monetary policy tightening
Tightening can affect liquidity and interest rate management, so funding and margin conditions move against the bank.
Asset quality and credit cycle
Asset quality influences earnings stability and capital consumption. Interpretation: a downturn in borrower credit raises provisions and lowers net profit.
2 more statements
Deposit-to-credit funding gap
Deposit growth lags credit growth, which raises funding pressure and cost of funds across the sector.
Currency and market volatility
Volatility in equity and forex markets poses risks to the value and stability of reserves.
Cost inputs
4 verified
Operating expenses
Schedule 16 lists operating expenses including postage, telephones, printing, advertisement, depreciation and other expenditure. The total is given in the excerpt, with no split.
Technology and IT infrastructure
IT is described as the foundation for growth and market share, so technology spend is a core cost line.
Employee cost base
Total employees are reported as 16,111 at year end, so staff cost is a major driver of operating cost.
1 more statement
Third-party vendors and service providers
Vendor and service provider relationships are managed for service continuity and operating efficiency, so vendor terms drive cost and continuity.
Geographies
3 verified
Domestic network in India
The bank operates across 26 states, Delhi NCT and 4 union territories. Its operations are largely concentrated in India.
India as the group's operating base
Business operations are largely concentrated in India and reported as one domestic segment.
International presence in GIFT City and UAE
Includes an IFSC Banking Unit in GIFT City, treated as an overseas branch, and representative offices in Dubai and Abu Dhabi. Interpretation: this is a small offshore footprint.
Each statement is checked word for word against the FY2026 annual report; the passages are in the app.
What changed recently?
Q1 FY2027 results filed (17 Jul 2026).
Change log
6 entries · newest first
- Results filedQ1 FY2027 results filed.
- Results filedQ4 FY2026 results filed.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Results filedQ1 FY2026 results filed.
- Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsCLEAN on 18 of 22 lender flags judged; no red flag; 4 could not be judged.
- Data gapsBusiness quality, CASA ratio: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓285 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2026 · 44 verified
Questions people ask
What is Federal Bank's share price today?
Federal Bank last traded at ₹328.20 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.6% on the day, up 54.9% over a year. Its 52-week range is ₹199 to ₹372. The live price is in the app.
What is Federal Bank's market cap?
Federal Bank's market capitalisation is about ₹81,602 crore: what it would cost to buy every share at today's price. That makes it the 35th largest mid cap company we cover.
Is Federal Bank Ltd a large cap, mid cap or small cap?
Federal Bank Ltd (FEDERALBNK) is a mid cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is Federal Bank Ltd's P/E ratio?
17.35, vs peers 18.0 · 5th of 9. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is Federal Bank Ltd overvalued?
Fair, with low confidence: no valuation within 120 days; P/E 17.4 vs peers 18.0 (5th of 9); P/B 1.7 vs peers 1.1 (8th of 9).
How does Federal Bank Ltd make money?
Federal Bank is one of the leading private-sector banks in India, is the preferred Personal, NRI and Business banking partner for a growing expanse of customers across India, in both urban and rural areas. It earns through lending, deposits and other banking services across Retail, Corporate/Wholesale and Treasury segments.
Why is there no Altman Z or debt to equity for Federal Bank?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are Federal Bank Ltd's peers?
Compared with 8 Private Sector Bank: IDBI Bank Ltd, IDFC First Bank Ltd, IndusInd Bank Ltd, RBL Bank Ltd, Yes Bank Ltd and 3 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did Federal Bank do last quarter?
Federal Bank reported income of ₹8,943 Cr, up 7.0% on a year earlier and a net profit of ₹1,256 Cr, up 4.5% in the Jun 2026 quarter.
Who owns Federal Bank?
Federal Bank has no promoter holding; it is widely held.
Does Federal Bank pay a dividend?
Yes. Federal Bank's dividend yield is 0.46% at the latest price; the last payout was ₹1.20 a share, ex-dividend 14 Aug 2026.
What do analysts say about Federal Bank?
35 analysts cover Federal Bank, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.