Federal Bank Ltd The - Half-year Financial Report

Federal Bank

24/11/2025 09:30

RNS Number : 7237I

Federal Bank Ltd (The)

24 November 2025

 

SD/LSE/320/2025-26                                                                                                         24.11.2025

 

                                              

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 ended September 30, 2025 which was approved at the Bank's Board of Directors meeting held on October 18, 2025.

 

 

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 Auditors' Review Report on unaudited standalone financial results for the quarter and half  year ended September 30, 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 half year ended September 30, 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 September 30, 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 8 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 September 30, 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 8 to the Statement and have not been reviewed by us.

 

 

 

 

ForM S K A & Associates
ForSuri & Co
Chartered Accountants
Chartered Accountants
ICAI Firm Registration Number: 105047W
ICAI Firm Registration Number:004283S
Swapnil Kale
Sanjeev Aditya M
Partner
Partner
Membership Number: 117812
Membership Number: 229694
UDIN: 25117812BMNVAG7273
UDIN: 25229694BMIJBY2861
Mumbai
Mumbai
October 18, 2025
October 18, 2025

 

 

 

 

 

 

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 half year ended September 30, 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'), and its share of the net profit after tax of its associate for the quarter and half year ended September 30, 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 September 30, 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 7 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, 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 is 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, 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 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 September 30, 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 7 to 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 assets of Rs. 13,27,436 Lakhs as at September 30, 2025 and total revenues of Rs.57,416 Lakhs and Rs. 1,15,142 Lakhs and total net profit after tax of Rs. 8,072 Lakhs and Rs. 16,573 Lakhs for the quarter and half year ended September 30, 2025, respectively, and net cash outflow flows of Rs. 33,244 Lakhs for the half year ended September 30, 2025, 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. 321 Lakhs and Rs. 703 Lakhs for the quarter and half year ended September 30, 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. These 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 information 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.

 

ForM S K A & Associates
ForSuri & Co
Chartered Accountants
Chartered Accountants
ICAI Firm Registration Number: 105047W
ICAI Firm Registration Number:004283S
Swapnil Kale
Sanjeev Aditya M
Partner
Partner
Membership Number: 117812
Membership Number: 229694
UDIN: 25117812BMNVAH2095
UDIN: 25229694BMIJBX1437
Mumbai
Mumbai


October 18, 2025                                                                       October 18, 2025

THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101
(CIN: L65191KL1931PLC000368)
STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
(₹ in Lakhs)
Particulars
Quarter ended
Half Year ended
Year ended
30.09.2025
30.06.2025
30.09.2024
30.09.2025
30.09.2024
31.03.2025
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1. Interest earned (a)+(b)+(c)+(d)
6,74,216
6,68,663
6,57,728
13,42,879
12,90,816
26,36,525
(a)
Interest/discount on advances/bills
5,38,340
5,32,289
5,24,196
10,70,629
10,26,810
21,01,662
(b)
Income on investments
1,16,841
1,13,462
1,13,573
2,30,303
2,24,398
4,54,182
(c)
Interest on balances with Reserve Bank of India and other inter bank funds
11,090
15,063
10,792
26,153
21,061
44,300
(d)
Others
7,945
7,849
9,167
15,794
18,547
36,381
2. Other income (Refer note 5)
1,08,217
1,11,298
96,395
2,19,515
1,87,913
3,80,125
3. TOTAL INCOME (1+2)
7,82,433
7,79,961
7,54,123
15,62,394
14,78,729
30,16,650
4. Interest expended
4,24,692
4,34,980
4,21,005
8,59,672
8,24,895
16,89,726
5. Operating expenses (i)+(ii)
1,93,324
1,89,352
1,76,582
3,82,676
3,47,207
7,16,811
(i)
Employees cost
80,344
79,761
77,957
1,60,105
1,51,929
3,08,828
(ii)
Other operating expenses
1,12,980
1,09,591
98,625
2,22,571
1,95,278
4,07,983
6. TOTAL EXPENDITURE (4+5)(excluding provisions and contingencies)
6,18,016
6,24,332
5,97,587
12,42,348
11,72,102
24,06,537
7. OPERATING PROFIT (3-6) (Profit before provisions and contingencies)
1,64,417
1,55,629
1,56,536
3,20,046
3,06,627
6,10,113
8. Provisions (other than tax) and contingencies
36,309
40,016
15,835
76,325
30,262
73,306
9. Exceptional items
-
-
-
-
-
-
10. Profit from Ordinary Activities before tax
 (7-8-9)
1,28,108
1,15,613
1,40,701
2,43,721
2,76,365
5,36,807
11. Tax expense
32,582
29,438
35,032
62,020
69,743
1,31,618
12. Net Profit from Ordinary Activities after tax (10-11)
95,526
86,175
1,05,669
1,81,701
2,06,622
4,05,189
13. Extraordinary items (net of tax expense)
-
-
-
-
-
-
14. Net Profit for the period (12-13)
95,526
86,175
1,05,669
1,81,701
2,06,622
4,05,189
15. Paid-up Equity Share Capital
 (Face value ₹ 2/- per Equity Share)
49,188
49,142
49,045
49,188
49,045
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 6)
Under Basel III
15.71
16.03
15.20
15.71
15.20
16.40
(iii)
Earnings per Share (EPS) (in ₹)
(a) Basic EPS (before and after extraordinary items)
3.89*
3.51*
4.31*
7.39*
8.45*
16.54
(b) Diluted EPS (before and after extraordinary items)
3.85*
3.47*
4.27*
7.32*
8.36*
16.37
(iv)
NPA Ratios
a) Gross NPA
4,53,201
4,66,966
4,88,449
4,53,201
4,88,449
4,37,554
b) Net NPA
1,16,516
1,15,764
1,32,229
1,16,516
1,32,229
1,04,038
c) % of Gross NPA
1.83
1.91
2.09
1.83
2.09
1.84
d) % of Net NPA
0.48
0.48
0.57
0.48
0.57
0.44
(v)
Return on Assets (%)
0.27*
0.25*
0.32*
0.52*
0.64*
1.23
(vi)
Net Worth
34,81,984
33,99,408
31,10,820
34,81,984
31,10,820
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 #
0.51
0.57
0.75
0.51
0.75
0.71
(xi)
Total Debts to Total Assets #
5.05%
5.60%
7.08%
5.05%
7.08%
6.80%
(xii)
Operating Margin
21.01%
19.95%
20.76%
20.48%
20.74%
20.22%
(xiii)
Net Profit Margin
12.21%
11.05%
14.01%
11.63%
13.97%
13.43%
*Not Annualised
#Debt and Total Debts represents Total Borrowings of the Bank


 

 

 

 

Segment Information@
(₹ in Lakhs)
Particulars
Quarter ended
Half Year ended
Year ended
30.09.2025
30.06.2025
30.09.2024
30.09.2025
30.09.2024
31.03.2025
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1) Segment Revenue:
Treasury
1,62,421
1,93,854
1,71,627
3,56,275
3,35,789
6,70,972
Corporate/Wholesale Banking
3,03,694
3,10,607
3,02,386
6,14,301
5,86,266
11,72,425
Retail Banking
7,84,077
7,66,770
7,52,113
15,50,847
14,80,830
30,49,898
a) Digital Banking
84,554
83,616
65,787
1,68,170
1,31,633
2,92,497
b) Other Retail Banking
6,99,523
6,83,154
6,86,326
13,82,677
13,49,197
27,57,401
Other Banking operations
11,989
7,294
7,387
19,283
11,993
26,854
Unallocated
575
278
187
853
391
2,630
Total Revenue
12,62,756
12,78,803
12,33,700
25,41,559
24,15,269
49,22,779
Less: Inter Segment Revenue
4,80,323
4,98,842
4,79,577
9,79,165
9,36,540
19,06,129
Income from Operations
7,82,433
7,79,961
7,54,123
15,62,394
14,78,729
30,16,650
2) Segment Results (net of provisions):
Treasury
28,984
38,277
27,280
67,261
52,878
95,246
Corporate/Wholesale Banking
64,187
48,597
52,572
1,12,784
1,02,580
2,29,747
Retail Banking
24,169
22,263
54,383
46,432
1,10,322
1,86,358
a) Digital Banking
2,540
2,721
2,449
5,261
8,887
(466)
b) Other Retail Banking
21,629
19,542
51,934
41,171
1,01,435
1,86,824
Other Banking operations
10,193
6,198
6,279
16,391
10,194
22,826
Unallocated
575
278
187
853
391
2,630
Profit before tax
1,28,108
1,15,613
1,40,701
2,43,721
2,76,365
5,36,807
3) Segment Assets:
Treasury
98,56,503
99,03,289
92,45,018
98,56,503
92,45,018
1,01,36,265
Corporate/Wholesale Banking
1,21,35,812
1,20,50,649
1,11,94,923
1,21,35,812
1,11,94,923
1,16,85,188
Retail Banking
1,33,00,724
1,30,33,422
1,27,58,288
1,33,00,724
1,27,58,288
1,27,92,131
a) Digital Banking
8,15,421
7,79,886
7,70,260
8,15,421
7,70,260
7,45,633
b) Other Retail Banking
1,24,85,303
1,22,53,536
1,19,88,028
1,24,85,303
1,19,88,028
1,20,46,498
Other Banking operations
3,742
4,646
4,491
3,742
4,491
3,167
Unallocated
3,11,240
3,37,760
3,51,582
3,11,240
3,51,582
2,83,729
Total
3,56,08,021
3,53,29,766
3,35,54,302
3,56,08,021
3,35,54,302
3,49,00,480
4) Segment Liabilities:
Treasury
30,24,964
33,79,120
37,61,665
30,24,964
37,61,665
37,98,141
Corporate/Wholesale Banking
37,86,967
39,87,736
32,98,714
37,86,967
32,98,714
36,98,393
Retail Banking
2,51,35,197
2,43,71,697
2,31,39,397
2,51,35,197
2,31,39,397
2,39,35,364
a) Digital Banking
21,36,064
20,16,844
16,89,858
21,36,064
16,89,858
19,13,636
b) Other Retail Banking
2,29,99,133
2,23,54,853
2,14,49,539
2,29,99,133
2,14,49,539
2,20,21,728
Other Banking operations
51
18
55
51
55
25
Unallocated
1,55,300
1,49,207
2,08,816
1,55,300
2,08,816
1,26,495
Total
3,21,02,479
3,18,87,778
3,04,08,647
3,21,02,479
3,04,08,647
3,15,58,418
5) Capital Employed
35,05,542
34,41,988
31,45,655
35,05,542
31,45,655
33,42,062
6) Total (4 + 5)
3,56,08,021
3,53,29,766
3,35,54,302
3,56,08,021
3,35,54,302
3,49,00,480
@
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 half year ended September 30, 2025, or for the previous periods.
Notes:
1
Statement of Assets and Liabilities of the Bank as at September 30, 2025 is given below:
(₹ in Lakhs)
Particulars
As at 30.09.2025
As at 30.09.2024
As at 31.03.2025
Unaudited
Unaudited
Audited
CAPITAL AND LIABILITIES
Capital
49,188
49,045
49,117
Reserves and Surplus
34,56,354
30,96,610
32,92,945
Deposits
2,88,91,958
2,69,10,659
2,83,64,747
Borrowings
17,96,749
23,74,863
23,72,630
Other Liabilities and Provisions
14,13,772
11,23,125
8,21,041
Total
3,56,08,021
3,35,54,302
3,49,00,480
ASSETS
Cash and Balances with Reserve Bank of India
15,36,666
16,94,845
20,35,443
Balance with Banks and Money at Call and Short Notice
7,49,532
5,91,846
10,50,481
Investments
70,34,694
64,66,191
66,24,561
Advances
2,44,65,706
2,30,31,224
2,34,83,639
Fixed Assets
1,45,324
1,09,508
1,47,827
Other Assets
16,76,099
16,60,688
15,58,529
Total
3,56,08,021
3,35,54,302
3,49,00,480
2
The above Standalone Unaudited Financial Results for the quarter and half year ended September 30, 2025 were approved by the Board of Directors at its meeting held on October 18, 2025. 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.
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 (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.
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, 2025. Any circular / direction issued by the RBI is implemented prospectively when it becomes applicable, unless specifically required as per that 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 , 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.
7
During the quarter and half year ended September 30, 2025, the Bank has allotted 23,18,023 and 35,70,650 equity shares of ₹2 each respectively, pursuant to the exercise of stock options by employees.
8
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.federalbank.co.in/regulatory-disclosures. These disclosures have not been subjected to audit or review by the Joint Statutory Auditors of the Bank.
9
Details of resolution plan implemented under the Resolution Framework for COVID-19-related Stress as per RBI circular dated August 06, 2020 (Resolution Framework 1.0) and May 05, 2021 (Resolution Framework 2.0) 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 , 2025 (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 , 2025 (1),(3)
Personal Loans
1,05,564.12
3,438.53
-
10,106.18
93,653.08
Corporate persons
2,999.36
-
-
229.20
2,770.16
Of which, MSMEs
-
-
-
-
-
Others
9,845.67
131.59
-
2,149.73
7,564.35
Total
1,18,409.15
3,570.12
-
12,485.11
1,03,987.59
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, 2025.
10
Disclosures as per 'Master Direction - Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021' dated September 24, 2021, and as amended thereafter, for the loans transferred / acquired during the half year ended September 30, 2025 are given below:
i) Details of loans not in default transferred through assignment during the half year ended September 30, 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 half year ended September 30, 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 half year ended September 30, 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 September 30, 2025 are given below:
(₹ in Lakhs)
Rating
Recovery Rating
Gross Book Value
Provision Held
Net Book Value
RR1
100%-150%
460.20
-
460.20
Total
460.20
-
460.20
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
Previous period's figures have been regrouped / reclassified, wherever necessary to conform to current period's classification.
KRISHNAN VENKAT SUBRAMANIAN
Mumbai
MANAGING DIRECTOR & CEO
October 18, 2025
(DIN: 00031794)
THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101
(CIN: L65191KL1931PLC000368)
STANDALONE UNAUDITED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2025
(₹ in Lakhs)
Particulars
Half Year ended
 September 30, 2025
Half Year ended
 September 30, 2024
Cash Flow from Operating Activities
Net Profit Before Taxes
2,43,721
2,76,365
Adjustments for:
Depreciation on Bank's Property
14,435
12,417
(Profit) / Loss on revaluation of Investments (net)
1,744
(15,990)
Amortisation of premium / (discount) on Investments
(4,130)
4,795
Provision / Charge for Non Performing Advances
68,975
31,247
Provision for Investments, Standard Assets and Contingencies
7,351
(984)
(Profit) / Loss on Sale of Fixed Assets (net)
(1)
15
Profit on Sale of Investment in Associate
-
(829)
Dividend From Subsidiaries / Associates
(1,655)
(2,268)
Employees Stock Option Expense
1,034
104
3,31,474
3,04,872
Adjustments for working capital changes:-
(Increase) / Decrease in Investments [excluding investments in Subsidiaries, Associates and Held to Maturity Investments]
1,27,494
(22,976)
Increase in Advances
(10,51,042)
(21,22,137)
(Increase) / Decrease in Other Assets
(1,16,479)
1,57,038
Increase in Deposits
5,27,211
16,57,257
Increase in Other Liabilities and Provisions
5,87,796
2,44,213
74,980
(86,605)
Direct taxes paid (net)
(69,430)
(75,870)
Net Cash Flow from Operating Activities
3,37,024
1,42,397
Cash Flow from Investing Activities
Purchase of Fixed Assets
(11,939)
(20,036)
Proceeds from Sale of Fixed Assets
8
102
Dividend From Subsidiaries / Associates
1,655
2,268
Proceeds from sale of investment in Associate
-
990
Purchase of Held to Maturity Investments (net)
(5,23,367)
(2,92,194)
Net Cash Used in Investing Activities
(5,33,643)
(3,08,870)
Cash Flow from Financing Activities
Proceeds from issue of Share Capital
71
338
Proceeds from Share Premium (Net of Share Issue Expenses)
2,597
13,821
Redemption of Subordinate Debt
-
(30,000)
Increase / (Decrease) in Borrowings (Excluding Subordinate Debt)
(5,75,881)
6,02,221
Dividend Paid
(29,504)
(29,400)
Net Cash flow from / (used in) Financing Activities
(6,02,717)
5,56,980
Effect of Exchange Fluctuation on Translation Reserve
(390)
(108)
Net Increase / (Decrease) in Cash and Cash Equivalents
(7,99,726)
3,90,399
Cash and Cash Equivalents at the beginning of the period
30,85,924
18,96,292
Cash and Cash Equivalents at the end of the period
22,86,198
22,86,691
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 18, 2025
(DIN: 00031794)


 

 

 

 

 

THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101
(CIN: L65191KL1931PLC000368)
CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
(₹ in Lakhs)
Particulars
Quarter ended
Half Year ended
Year ended
30.09.2025
30.06.2025
30.09.2024
30.09.2025
30.09.2024
31.03.2025
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1. Interest earned (a)+(b)+(c)+(d)
7,21,618
7,15,084
7,00,566
14,36,702
13,73,326
28,10,608
(a)
Interest/discount on advances/bills
5,85,485
5,78,366
5,66,731
11,63,851
11,08,649
22,74,481
(b)
Income on investments
1,16,736
1,13,342
1,13,486
2,30,078
2,24,208
4,53,799
(c)
Interest on balances with Reserve Bank of India and other inter bank funds
11,090
15,063
10,792
26,153
21,061
44,301
(d)
Others
8,307
8,313
9,557
16,620
19,408
38,027
2. Other income (Refer note 6)
1,10,528
1,16,449
1,00,963
2,26,977
1,94,568
3,92,417
3. TOTAL INCOME (1+2)
8,32,146
8,31,533
8,01,529
16,63,679
15,67,894
32,03,025
4. Interest expended
4,42,947
4,53,962
4,39,345
8,96,909
8,60,498
17,63,127
5. Operating expenses (i)+(ii)
2,12,200
2,06,867
1,95,265
4,19,067
3,82,755
7,89,195
(i)
Employees cost
92,975
91,028
89,387
1,84,003
1,74,012
3,54,521
(ii)
Other operating expenses
1,19,225
1,15,839
1,05,878
2,35,064
2,08,743
4,34,674
6. TOTAL EXPENDITURE (4+5)(excluding provisions and contingencies)
6,55,147
6,60,829
6,34,610
13,15,976
12,43,253
25,52,322
7. OPERATING PROFIT (3-6) (Profit before provisions and contingencies)
1,76,999
1,70,704
1,66,919
3,47,703
3,24,641
6,50,703
8. Provisions (other than tax) and contingencies
39,744
43,721
19,614
83,465
36,902
91,920
9. Exceptional items
-
-
-
-
-
-
10. Profit from Ordinary Activities before tax
 (7-8-9)
1,37,255
1,26,983
1,47,305
2,64,238
2,87,739
5,58,783
11. Tax expense
35,312
32,306
36,859
67,618
73,291
1,38,634
12. Net Profit from Ordinary Activities after tax
 (10-11)
1,01,943
94,677
1,10,446
1,96,620
2,14,448
4,20,149
13. Extraordinary items (net of tax expense)
-
-
-
-
-
-
14. Net Profit for the period (12-13)
1,01,943
94,677
1,10,446
1,96,620
2,14,448
4,20,149
15. Minority interest
3,070
3,227
1,855
6,297
3,847
7,517
16. Share in Profit of Associates
321
382
1,034
703
1,775
3,253
17. Consolidated Net Profit of the group
 (14-15+16)
99,194
91,832
1,09,625
1,91,026
2,12,376
4,15,885
18. Paid-up Equity Share Capital
 (Face value ₹ 2/- per Equity Share)
49,188
49,142
49,045
49,188
49,045
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)
4.04*
3.74*
4.48*
7.77*
8.69*
16.98
(b) Diluted EPS (before and after extraordinary items)
4.00*
3.70*
4.43*
7.70*
8.59*
16.80
*Not Annualised


 

 

 

Segment Information@
(₹ in Lakhs)
Particulars
Quarter ended
Half Year ended
Year ended
30.09.2025
30.06.2025
30.09.2024
30.09.2025
30.09.2024
31.03.2025
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1) Segment Revenue:
Treasury
1,61,544
1,94,717
1,72,452
3,56,261
3,35,453
6,69,620
Corporate/Wholesale Banking
3,01,787
3,08,484
3,00,219
6,10,271
5,81,994
11,63,963
Retail Banking
8,35,398
8,17,234
7,99,284
16,52,632
15,70,829
32,38,694
a) Digital Banking
84,554
83,616
65,787
1,68,170
1,31,633
2,92,497
b) Other Retail Banking
7,50,844
7,33,618
7,33,497
14,84,462
14,39,196
29,46,197
Other Banking operations
13,165
9,662
8,964
22,827
15,683
34,163
Unallocated
575
278
187
853
475
2,714
Total Revenue
13,12,469
13,30,375
12,81,106
26,42,844
25,04,434
51,09,154
Less: Inter Segment Revenue
4,80,323
4,98,842
4,79,577
9,79,165
9,36,540
19,06,129
Income from Operations
8,32,146
8,31,533
8,01,529
16,63,679
15,67,894
32,03,025
2) Segment Results (net of provisions):
Treasury
28,693
39,719
28,687
68,412
53,704
96,214
Corporate/Wholesale Banking
64,230
48,556
52,390
1,12,786
1,02,230
2,29,183
Retail Banking
32,113
30,139
61,271
62,252
1,21,353
2,09,145
a) Digital Banking
2,540
2,721
2,449
5,261
8,887
(466)
b) Other Retail Banking
29,573
27,418
58,822
56,991
1,12,466
2,09,611
Other Banking operations
11,644
8,291
4,770
19,935
9,977
21,527
Unallocated
575
278
187
853
475
2,714
Profit before tax
1,37,255
1,26,983
1,47,305
2,64,238
2,87,739
5,58,783
3) Segment Assets:
Treasury
98,56,435
98,98,168
92,72,583
98,56,435
92,72,583
1,01,33,992
Corporate/Wholesale Banking
1,20,39,784
1,19,48,914
1,10,97,296
1,20,39,784
1,10,97,296
1,15,76,113
Retail Banking
1,45,52,276
1,42,67,306
1,39,11,836
1,45,52,276
1,39,11,836
1,40,25,857
a) Digital Banking
8,15,421
7,79,886
7,70,260
8,15,421
7,70,260
7,45,633
b) Other Retail Banking
1,37,36,855
1,34,87,420
1,31,41,576
1,37,36,855
1,31,41,576
1,32,80,224
Other Banking operations
4,277
5,209
6,633
4,277
6,633
3,352
Unallocated
3,03,808
3,29,830
3,46,597
3,03,808
3,46,597
2,75,877
Total
3,67,56,580
3,64,49,427
3,46,34,945
3,67,56,580
3,46,34,945
3,60,15,191
4) Segment Liabilities:
Treasury
30,81,628
34,26,143
38,44,523
30,81,628
38,44,523
38,49,103
Corporate/Wholesale Banking
37,84,513
39,80,728
32,96,544
37,84,513
32,96,544
36,92,572
Retail Banking
2,60,17,415
2,52,46,718
2,39,49,745
2,60,17,415
2,39,49,745
2,48,09,367
a) Digital Banking
21,36,064
20,16,844
16,89,858
21,36,064
16,89,858
19,13,636
b) Other Retail Banking
2,38,81,351
2,32,29,874
2,22,59,887
2,38,81,351
2,22,59,887
2,28,95,731
Other Banking operations
203
196
165
203
165
195
Unallocated
1,47,868
1,41,277
2,03,831
1,47,868
2,03,831
1,18,643
Total
3,30,31,627
3,27,95,062
3,12,94,808
3,30,31,627
3,12,94,808
3,24,69,880
5) Capital Employed
37,24,953
36,54,365
33,40,137
37,24,953
33,40,137
35,45,311
6) Total (4 + 5)
3,67,56,580
3,64,49,427
3,46,34,945
3,67,56,580
3,46,34,945
3,60,15,191
@
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 half year ended September 30, 2025, or for the previous periods.
Notes:
1
Statement of Assets and Liabilities of the group as at September 30, 2025 is given below:
(₹ in Lakhs)
Particulars
As at 30.09.2025
As at 30.09.2024
As at 31.03.2025
Unaudited
Unaudited
Audited
CAPITAL AND LIABILITIES
Capital
49,188
49,045
49,117
Reserves and Surplus
35,77,413
32,03,626
34,04,716
Minority Interest
98,352
87,466
91,478
Deposits
2,88,86,166
2,69,06,442
2,83,48,362
Borrowings
26,93,048
32,32,503
32,59,583
Other Liabilities and Provisions
14,52,413
11,55,863
8,61,935
Total
3,67,56,580
3,46,34,945
3,60,15,191
ASSETS
Cash and Balances with Reserve Bank of India
15,37,268
16,95,288
20,36,098
Balance with Banks and Money at Call and Short Notice
8,00,068
6,36,337
11,23,615
Investments
70,29,606
64,77,610
66,05,768
Advances
2,54,86,801
2,40,13,154
2,44,99,536
Fixed Assets
1,50,755
1,14,349
1,52,755
Other Assets
17,52,082
16,98,207
15,97,419
Total
3,67,56,580
3,46,34,945
3,60,15,191
2
The above Consolidated Unaudited Financial Results for the quarter and half year ended September 30, 2025 were approved by the Board of Directors at its meeting held on October 18, 2025. 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.
3
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.
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 & 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.
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, 2025.
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, profit / loss on revaluation of investments, recoveries from advances written off, etc.
7
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.federalbank.co.in/regulatory-disclosures. These disclosures have not been subjected to audit or review by the Joint Statutory Auditors of the Bank.
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
October 18, 2025
(DIN: 00031794)


 

 

 

 

THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101
(CIN: L65191KL1931PLC000368)
CONSOLIDATED UNAUDITED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2025
(₹ in Lakhs)
Particulars
Half Year ended
 September 30, 2025
Half Year ended
 September 30, 2024
Cash Flow from Operating Activities
Net Profit Before Taxes
2,58,644
2,85,667
Adjustments for:
Depreciation on Group's Property
15,497
13,302
(Profit) / Loss on revaluation of Investments (net)
1,597
(16,740)
Amortisation of premium / (discount) on Investments
(4,130)
4,795
Provision / Charge for Non Performing Advances
77,779
35,979
Provision for Investments, Standard Assets and Contingencies
5,834
1,727
(Profit) / Loss on Sale of Fixed Assets (net)
(1)
18
Profit on Sale of Investment in Associate
-
(708)
Employees Stock Option Expense
1,034
104
3,56,254
3,24,144
Adjustments for working capital changes:-
(Increase) / Decrease in Investments [excluding investments in Subsidiaries, Associates and Held to Maturity Investments]
1,13,787
(15,745)
Increase in Advances
(10,65,044)
(22,38,104)
(Increase) / Decrease in Other Assets
(1,49,033)
1,54,141
Increase in Deposits
5,37,804
16,60,941
Increase in Other Liabilities and Provisions
5,86,787
2,13,104
24,301
(2,25,663)
Direct taxes paid (net)
(79,147)
(79,981)
Net Cash Flow from Operating Activities
3,01,408
18,500
Cash Flow from Investing Activities
Purchase of Fixed Assets
(13,503)
(21,507)
Proceeds from Sale of Fixed Assets
9
141
Proceeds from sale of investment in Associate
-
990
Purchase of Held to Maturity Investments (net)
(5,23,367)
(2,92,194)
Net Cash Used in Investing Activities
(5,36,861)
(3,12,570)
Cash Flow from Financing Activities
Proceeds from Issue of Share Capital
71
338
Proceeds from Share Premium (Net of Share Issue Expenses)
2,697
13,991
Increase in Minority Interest
6,737
4,951
Redemption of Subordinate Debt
-
(30,000)
Increase / (Decrease) in Borrowings (Excluding Subordinate Debt)
(5,66,535)
7,46,541
Dividend Paid
(29,504)
(29,400)
Net Cash flow from / (used in) Financing Activities
(5,86,534)
7,06,421
Effect of Exchange Fluctuation on Translation Reserve
(390)
(108)
Net Increase / (Decrease) in Cash and Cash Equivalents
(8,22,377)
4,12,243
Cash and Cash Equivalents at the beginning of the period
31,59,713
19,19,382
Cash and Cash Equivalents at the end of the period
23,37,336
23,31,625
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 18, 2025
(DIN: 00031794)

 

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