REG - Federal Bank Ltd The - Annual Financial Report
08/05/2026 12:00
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RNS Number : 6395D Federal Bank Ltd (The) 08 May 2026
Secretarial Department
SD/LSE/50/2026-27
08.05.2026
To
The London Stock Exchange
10 Paternoster Square
London
Dear Sir,
We enclose herewith the Audited Standalone and Consolidated Financial Results
of the Bank for the for the year ended March 31, 2026, which was approved at
the Bank's Board of Directors meeting held April 29, 2026.
Kindly take the same on your record.
For The Federal Bank Limited
Samir P Rajdev
Company Secretary
M S K A & Associates Suri & Co
602, Floor 6, Raheja Titanium Guna Complex, No.443 & 445,
Western Express Highway, Geetanjali, 4th Floor Main Building,
Railway Colony, Ram Nagar, Goregaon (E), Anna Salai, Teynampet,
Mumbai 400 063. Chennai 600 018.
Independent Auditor's Report on the Standalone Financial Results for the year
ended March 31, 2026 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
The Federal Bank Limited
Report on the Audit of the Standalone Financial Results
Opinion
We have audited the accompanying Standalone Financial Results of The Federal
Bank Limited ("the Bank") for the year ended March 31, 2026 ("the Statement"),
being submitted by the Bank pursuant to the requirement 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 March 31, 2026, 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 8 to the Statement and have not been audited by us.
In our opinion and to the best of our information and according to the
explanations given to us, the aforesaid Statement:
i. is presented in accordance with the requirements of the Listing
Regulations in this regard except for the disclosures relating to Pillar 3 as
at March 31, 2026, 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 8 to the Statement and have not been audited by us; and
ii. gives a true and fair view, in conformity with the recognition and
measurement principles laid down in the applicable accounting standards
prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with
Companies ( Accounting Standards) Rules, 2021, as amended to the extent
applicable, the relevant provisions of the Banking Regulation Act, 1949 ("the
Banking Regulations"), the circulars, guidelines and directions issued by the
Reserve Bank of India ("the RBI") from time to time ("the RBI Guidelines") and
other accounting principles generally accepted in India of the net profit(,)
and other financial information of the Bank for the year ended March 31, 2026.
Basis for Opinion
We have conducted our audit in accordance with the Standards on Auditing
('SAs') specified under section 143(10) of the Act and other applicable
authoritative pronouncements issued by the Institute of Chartered Accountants
of India ("the ICAI"). Our responsibilities under those SAs are further
described in the Auditors' Responsibilities for the Audit of the Standalone
Financial Results section of our report. We are independent of the Bank in
accordance with the Code of Ethics issued by the ICAI together with the
ethical requirements that are relevant to our audit of the Statement, and we
have fulfilled our other ethical responsibilities in accordance with these
requirements and the Code of Ethics. We believe that the audit evidence
obtained by us, is sufficient and appropriate to provide a basis for our
opinion.
Management and Board of Directors' Responsibilities for the Standalone
Financial Results
The Statement which is the responsibility of the Bank's Management and
approved by the Board of Directors, has been compiled from the Standalone
Audited Financial Statements. The Bank's Board of Directors are responsible
for the preparation of the Statement that gives a true and fair view of the
net profit and other financial information of the Bank in accordance with
recognition and measurement principles laid down in the applicable Accounting
Standards specified under section 133 of the Act read with Companies
(Accounting Standards) Rules, 2021, as amended to the extent applicable, the
relevant provisions of the Banking Regulations, the RBI Guidelines and other
accounting principles generally accepted in India and in compliance with the
Listing Regulations. This responsibility also includes maintenance of adequate
accounting records in accordance with the provisions of the Act, the Banking
Regulations and the RBI Guidelines for safeguarding of the assets of the Bank
and for preventing and detecting frauds and other irregularities; selection
and application of appropriate significant accounting policies; making
judgments and estimates that are reasonable and prudent; and design,
implementation and maintenance of adequate internal financial controls that
were operating effectively for ensuring accuracy and completeness of the
accounting records, relevant to the preparation and presentation of the
Statement that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
In preparing the Statement, the Board of Directors of the Bank are responsible
for assessing the Bank's ability to continue as a going concern, disclosing,
as applicable, matters related to going concern and using the going concern
basis of accounting unless the Board of Directors either intends to liquidate
the Bank or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Bank's
financial reporting process.
Auditors' Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement
as a whole is free from material misstatement, whether due to fraud or error,
and to issue an auditors' report that includes our opinion. Reasonable
assurance is a high level of assurance but is not a guarantee that an audit
conducted in accordance with SAs will always detect a material misstatement
when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of
this Statement.
As part of an audit in accordance with SAs, we exercise professional judgment
and maintain professional skepticism throughout the audit. We also:
· Identify and assess the risks of material misstatement of the
Statement, whether due to fraud or error, design and perform audit procedures
responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a
material misstatement resulting from fraud is higher than for one resulting
from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
· Obtain an understanding of internal control relevant to the audit in
order to design audit procedures that are appropriate in the circumstances.
Under Section 143(3)(i) of the Act, we are also responsible for expressing our
opinion on whether the Bank has adequate internal financial controls with
reference to Standalone Financial Statement in place and the operating
effectiveness of such controls.
· Evaluate the appropriateness of significant accounting policies used
and the reasonableness of accounting estimates and related disclosures made by
the Board of Directors.
· Conclude on the appropriateness of the Board of Directors use of the
going concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may
cast significant doubt on the ability of the Bank's to continue as a going
concern. If we conclude that a material uncertainty exists, we are required to
draw attention in our auditors' report to the related disclosures in the
Statement or, if such disclosures are inadequate, to modify our opinion. Our
conclusions are based on the audit evidence obtained up to the date of our
auditors' report. However, future events or conditions may cause the Bank to
cease to continue as a going concern.
· Evaluate the overall presentation, structure and content of the
Statement, including the disclosures, and whether the Statement represent the
underlying transactions and events in a manner that achieves fair
presentation.
We communicate with those charged with governance regarding, among other
matters, the planned scope and timing of the audit and significant audit
findings, including any significant deficiencies in internal control that we
identify during our audit.
We also provide those charged with governance with a statement that we have
complied with relevant ethical requirements regarding independence, and to
communicate with them all relationships and other matters that may reasonably
be thought to bear on our independence, and where applicable, related
safeguards.
Other Matter
The Statement includes the results for the quarter ended March 31, 2026, being
the balancing figure between the audited figures in respect of the full
financial year and the published unaudited year to date figures up to the
third quarter of the current financial year prepared in accordance with the
Accounting Standard 25 "Interim Financial Reporting" which were subject to
limited review by us.
Our opinion on the statement is not modified in respect of the above matter.
For M S K A & Associates LLP For Suri & Co
(Formerly Known as M S K A & Associates) Chartered Accountants
Chartered Accountants ICAI Firm Registration Number: 004283S
ICAI Firm Registration Number: 105047W/W101187
Prateek Khandelwal Sanjeev Aditya M
Partner Partner
Membership Number: 139144 Membership Number: 229694
UDIN: 26139144RZRYMK6854 UDIN: 26229694ENNDTV2238
Mumbai Mumbai
April 29, 2026 April 29, 2026
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 Report on the Consolidated Financial Results for the
year ended March 31, 2026 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
The Federal Bank Limited
Report on the Audit of the Consolidated Financial Results
Opinion
We have audited the accompanying 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 associate for the year ended
March 31, 2026 ("the Statement"), being submitted by the Bank pursuant to the
requirements of Regulation 33 of the Securities and Exchange Board of India
("the SEBI") (Listing Obligations and Disclosure Requirements) Regulations,
2015, as amended ("the Listing Regulations") except, for the disclosures
relating to consolidated Pillar 3 as at March 31, 2026, 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 audited by us.
In our opinion and to the best of our information and according to the
explanations given to us and based on the consideration of the reports of the
other auditors on separate audited financial results of the two subsidiaries
and its associate, the aforesaid Statement:
a) includes the annual 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
b) is presented in accordance with the requirements of the Listing
Regulations in this regard except for the disclosures relating to consolidated
Pillar 3 as at March 31, 2026, 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 audited by us; and
c) gives a true and fair view in conformity with applicable accounting
standards prescribed under Section 133 of the Companies Act, 2013 ("the Act"),
read with Companies (Accounting Standards) Rules, 2021, to the extent
applicable, the relevant provisions of the Banking Regulation Act, 1949 ("the
Banking Regulations"), the circulars, guidelines and directions issued by the
Reserve Bank of India ("the RBI") from time to time ("the RBI Guidelines") and
other accounting principles generally accepted in India of the consolidated
net profit and other financial information of the Group and its associate for
the year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing ('SAs')
specified under section 143(10) of the Act and other applicable authoritative
pronouncements issued by the Institute of Chartered Accountants of India ("the
ICAI"). Our responsibilities under those SAs are further described in the
Auditors' Responsibilities for the Audit of the Consolidated Financial Results
section of our report. We are independent of the Group and its associate in
accordance with the Code of Ethics issued by the ICAI together with the
ethical requirements that are relevant to our audit of the Statement, and we
have fulfilled our other ethical responsibilities in accordance with these
requirements and the Code of Ethics.
We believe that the audit evidence obtained by us and other auditors in terms
of their reports referred to in "Other Matters" paragraph below, is sufficient
and appropriate to provide a basis for our opinion.
Management and Board of Directors' Responsibility for the Consolidated
Financial Results
The Statement which is the responsibility of the Bank's Management and
approved by the Board of Directors, has been compiled from the Consolidated
Audited Financial Statements. The Bank's Board of Directors are responsible
for the preparation and presentation of the Statement that gives a true and
fair view of the net profit and other financial information of the Group
including its associate in accordance with the Accounting Standards specified
under Section 133 of the Act read with Companies (Accounting Standards) Rules,
2021, to the extent applicable, the relevant provisions of the Banking
Regulations, the RBI Guidelines and other accounting principles generally
accepted in India and in compliance with the Listing Regulations. The
respective Board of Directors of the entities included in the Group and of its
associate are responsible for maintenance of adequate accounting records in
accordance with the provisions of the Act, the Banking Regulations and the RBI
Guidelines for safeguarding of the assets of the Group and of its associate
and for preventing and detecting frauds and other irregularities; selection
and application of appropriate significant accounting policies; making
judgments and estimates that are reasonable and prudent; and design,
implementation and maintenance of adequate internal financial controls that
were operating effectively for ensuring accuracy and completeness of the
accounting records, relevant to the preparation and presentation of the
Statement that give a true and fair view and are free from material
misstatement, whether due to fraud or error which have been used for the
purpose of preparation of the Statement by the Board of Directors of the Bank,
as aforesaid.
In preparing the Statement, the respective Board of Directors of the entities
included in the Group and of its associate are responsible for assessing the
ability of the Group and of its associate to continue as a going concern,
disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the Board of Directors either intends
to liquidate the Group and of its associate or to cease operations, or has no
realistic alternative but to do so.
The respective Board of Directors of the entities included in the Group and of
its associate are responsible for overseeing the financial reporting process
of the Group and of its associate.
Auditors' Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement
as a whole is free from material misstatement, whether due to fraud or error,
and to issue an auditors' report that includes our opinion. Reasonable
assurance is a high level of assurance but is not a guarantee that an audit
conducted in accordance with SAs will always detect a material misstatement
when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of
this Statement.
As part of an audit in accordance with SAs, we exercise professional judgment
and maintain professional skepticism throughout the audit. We also:
· Identify and assess the risks of material misstatement of the
Statement, whether due to fraud or error, design and perform audit procedures
responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a
material misstatement resulting from fraud is higher than for one resulting
from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
· Obtain an understanding of internal control relevant to the audit in
order to design audit procedures that are appropriate in the circumstances.
Under Section 143(3)(i) of the Act, we are also responsible for expressing our
opinion on whether the Bank has adequate internal financial controls with
reference to Consolidated Financial Statements in place and the operating
effectiveness of such controls.
· Evaluate the appropriateness of significant accounting policies used
and the reasonableness of accounting estimates and related disclosures made by
the Board of Directors.
· Conclude on the appropriateness of the Board of Directors' use of the
going concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may
cast significant doubt on the ability of the Group and of its associate to
continue as a going concern. If we conclude that a material uncertainty
exists, we are required to draw attention in our auditors' report to the
related disclosures in the Statement or, if such disclosures are inadequate,
to modify our opinion. Our conclusions are based on the audit evidence
obtained up to the date of our auditors' report. However, future events or
conditions may cause the Group and of its associate to cease to continue as a
going concern.
· Evaluate the overall presentation, structure and content of the
Statement, including the disclosures, and whether the Statement represent the
underlying transactions and events in a manner that achieves fair
presentation.
· Obtain sufficient appropriate audit evidence regarding the financial
information of the entities within the Group and of its associate to express
an opinion on the Statement. We are responsible for the direction, supervision
and performance of the audit of financial information of such entities
included in the Statement of which we are the independent auditors. For the
other entities included in the Statement, which have been audited by other
auditors, such other auditors remain responsible for the direction,
supervision and performance of the audits carried out by them. We remain
solely responsible for our audit opinion.
We communicate with those charged with governance of the Bank and such other
entities included in the Statement of which we are the independent auditors
regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal
control that we identify during our audit.
We also provide those charged with governance with a statement that we have
complied with relevant ethical requirements regarding independence, and to
communicate with them all relationships and other matters that may reasonably
be thought to bear on our independence, and where applicable, related
safeguards.
We also performed procedures in accordance with the circular issued by the
SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the
extent applicable.
Other Matters:
a) The Statement includes the Audited Financial Statements of two
subsidiaries, whose Financial Statements reflect Group's share of total assets
of Rs. 16,93,903 lakhs (before consolidation adjustments) as at March 31,
2026, Group's share of total revenue of Rs. 2,39,788 lakhs (before
consolidation adjustments) and Group's share of total net profit after tax of
Rs. 38,261 lakhs (before consolidation adjustments) for the year ended March
31, 2026, respectively and Group's net cash flow of Rs. 62,189 lakhs (before
consolidation adjustments) for the year ended as on date, as considered in the
Statement, which have been audited by their respective independent auditors.
The independent auditors' reports on the Financial Statements of these
entities have been furnished to us and our opinion on the Statement, in so far
as it relates to the amounts and disclosures included in respect of these
entities, is based solely on the reports of such auditors.
b) The Statement includes the Audited Financial Statement of associate,
whose Financial Statement reflect Group's share of net profit after tax of Rs.
756 lakhs for the year ended March 31, 2026, as considered in the Statement.
The independent auditors' report on the Financial Statement of this entity has
been furnished to us and our opinion on the Statement, in so far as it relates
to the amounts and disclosures included in respect of this entity, is based
solely on the report of such auditors.
c) The following other matter paragraph has been included in the Audit
Report on the Financial Statement of Ageas Federal Life Insurance Company
Limited ("the Company"), an associate of the Bank issued by their auditors
vide their report dated April 24, 2026:
"The actuarial valuation of liabilities for life policies in force and for
policies in respect of which premium has been discontinued, but liability
exists and the determination of discontinuance charge to be deducted from the
discontinued policies of linked business to be held as 'funds for future
appropriations' until the exit of the policy due to expiry of revival period
or due to death of the life assured or expiry of the lock in period as
applicable , as at March 31, 2026, is the responsibility of the Appointed
Actuary of the Company (the 'Appointed Actuary'), which has been duly
certified by Appointed Actuary. In the opinion of Appointed Actuary, the
assumptions for such valuation are in accordance with the guidelines and norms
issued by the IRDAI and the Institute of Actuaries of India, in concurrence
with the IRDAI. We have relied upon the Appointed Actuary's certificate in
this regard for forming our opinion on the valuation of liabilities for life
policies in force and for policies in respect of which premium has been
discontinued but liability exists in Financial Statements of the Company." Our
opinion is not modified in respect of this matter.
d) The Statement includes the results for the quarter ended March 31,
2026, being the balancing figure between the audited figures in respect of the
full financial year and the published unaudited year to date figures up to the
third quarter of the current financial year prepared in accordance with the
Accounting Standard 25 "Interim Financial Reporting" which were subject to
limited review by us.
Our opinion on the statement is not modified in respect of the above matters.
For M S K A & Associates LLP For Suri & Co
(Formerly Known as M S K A & Associates) Chartered Accountants
Chartered Accountants ICAI Firm Registration Number: 004283S
ICAI Firm Registration Number: 105047W/W101187
Prateek Khandelwal Sanjeev Aditya M
Partner Partner
Membership Number: 139144 Membership Number: 229694
UDIN: 26139144HPRWDM2780 UDIN: 26229694EPMBNL6309
Mumbai Mumbai
April 29, 2026 April 29, 2026
THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101
(CIN: L65191KL1931PLC000368)
STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31,
2026
(₹ in Lakhs)
Particulars Quarter ended Year ended
31.03.2026 31.12.2025 31.03.2025 31.03.2026 31.03.2025
Audited Unaudited Audited Audited Audited
(Refer Note
(Refer Note
18 below)
18 below)
1. Interest earned (a)+(b)+(c)+(d) 7,39,909 6,86,750 6,64,836 27,69,538 26,36,525
(a) Interest/discount on advances/bills 5,52,959 5,47,407 5,28,482 21,70,995 21,01,662
(b) Income on investments 1,25,431 1,21,283 1,15,042 4,77,017 4,54,182
(c) Interest on balances with Reserve Bank of India and other inter bank funds 10,308 9,372 11,984 45,833 44,300
(d) Others 51,211 8,688 9,328 75,693 36,381
2. Other income (Refer note 5) 1,14,495 1,10,029 1,00,595 4,44,039 3,80,125
3. TOTAL INCOME (1+2) 8,54,404 7,96,779 7,65,431 32,13,577 30,16,650
4. Interest expended 4,22,648 4,21,477 4,27,092 17,03,797 16,89,726
5. Operating expenses (i)+(ii) 2,04,115 2,02,369 1,91,799 7,89,160 7,16,811
(i) Employees cost 77,570 84,865 78,384 3,22,540 3,08,828
(ii) Other operating expenses 1,26,545 1,17,504 1,13,415 4,66,620 4,07,983
6. TOTAL EXPENDITURE (4+5) 6,26,763 6,23,846 6,18,891 24,92,957 24,06,537
(excluding provisions and contingencies)
7. OPERATING PROFIT (3-6) 2,27,641 1,72,933 1,46,540 7,20,620 6,10,113
(Profit before provisions and contingencies)
8. Provisions (other than tax) and contingencies 74,104 33,238 13,811 1,83,667 73,306
9. Exceptional items - - - - -
10. Profit from Ordinary Activities before tax 1,53,537 1,39,695 1,32,729 5,36,953 5,36,807
(7-8-9)
11. Tax expense 27,627 35,574 29,706 1,25,221 1,31,618
12. Net Profit from Ordinary Activities after tax (10-11) 1,25,910 1,04,121 1,03,023 4,11,732 4,05,189
13. Extraordinary items (net of tax expense) - - - - -
14. Net Profit for the period (12-13) 1,25,910 1,04,121 1,03,023 4,11,732 4,05,189
15. Paid-up Equity Share Capital 49,286 49,242 49,117 49,286 49,117
(Face value ₹ 2/- per Equity Share)
16. Reserves excluding Revaluation Reserve 36,65,807 32,92,444
17. Analytical Ratios and Other Disclosures:
(i) Percentage of shares held by Government of India NIL NIL NIL NIL NIL
(ii) Capital Adequacy ratio (%) (Refer note 6)
Under Basel III 17.25 15.20 16.40 17.25 16.40
(iii) Earnings per Share (EPS) (in ₹)
(a) Basic EPS (before and after extraordinary items) 5.11* 4.23* 4.20* 16.74 16.54
(b) Diluted EPS (before and after extraordinary items) 5.05* 4.19* 4.16* 16.56 16.37
(iv) NPA Ratios
a) Gross NPA 4,33,529 4,44,686 4,37,554 4,33,529 4,37,554
b) Net NPA 52,925 1,06,804 1,04,038 52,925 1,04,038
c) % of Gross NPA 1.62 1.72 1.84 1.62 1.84
d) % of Net NPA 0.20 0.42 0.44 0.20 0.44
(v) Return on Assets (%) 0.34* 0.29* 0.31* 1.15 1.23
(vi) Net Worth 38,69,054 35,88,860 33,12,164 38,69,054 33,12,164
(vii) Outstanding Redeemable Preference Shares NIL NIL NIL NIL NIL
(viii) Capital Redemption Reserve NIL NIL NIL NIL NIL
(ix) Debenture Redemption Reserve NIL NIL NIL NIL NIL
(x) Debt - Equity Ratio (#) 0.55 0.45 0.71 0.55 0.71
(xi) Total Debts to Total Assets (#) 5.46% 4.45% 6.80% 5.46% 6.80%
(xii) Operating Margin 26.64% 21.70% 19.14% 22.42% 20.22%
(xiii) Net Profit Margin 14.74% 13.07% 13.46% 12.81% 13.43%
(*) Not Annualised
(#) Debt and Total Debts represents Total Borrowings of the Bank
THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101
(CIN: L65191KL1931PLC000368)
STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31,
2026
(₹ in Lakhs)
Particulars
Quarter ended
Year ended
31.03.2026
31.12.2025
31.03.2025
31.03.2026
31.03.2025
Audited
(Refer Note
18 below)
Unaudited
Audited
(Refer Note
18 below)
Audited
Audited
1. Interest earned (a)+(b)+(c)+(d)
7,39,909
6,86,750
6,64,836
27,69,538
26,36,525
(a)
Interest/discount on advances/bills
5,52,959
5,47,407
5,28,482
21,70,995
21,01,662
(b)
Income on investments
1,25,431
1,21,283
1,15,042
4,77,017
4,54,182
(c)
Interest on balances with Reserve Bank of India and other inter bank funds
10,308
9,372
11,984
45,833
44,300
(d)
Others
51,211
8,688
9,328
75,693
36,381
2. Other income (Refer note 5)
1,14,495
1,10,029
1,00,595
4,44,039
3,80,125
3. TOTAL INCOME (1+2)
8,54,404
7,96,779
7,65,431
32,13,577
30,16,650
4. Interest expended
4,22,648
4,21,477
4,27,092
17,03,797
16,89,726
5. Operating expenses (i)+(ii)
2,04,115
2,02,369
1,91,799
7,89,160
7,16,811
(i)
Employees cost
77,570
84,865
78,384
3,22,540
3,08,828
(ii)
Other operating expenses
1,26,545
1,17,504
1,13,415
4,66,620
4,07,983
6. TOTAL EXPENDITURE (4+5)
(excluding provisions and contingencies)
6,26,763
6,23,846
6,18,891
24,92,957
24,06,537
7. OPERATING PROFIT (3-6)
(Profit before provisions and contingencies)
2,27,641
1,72,933
1,46,540
7,20,620
6,10,113
8. Provisions (other than tax) and contingencies
74,104
33,238
13,811
1,83,667
73,306
9. Exceptional items
-
-
-
-
-
10. Profit from Ordinary Activities before tax
(7-8-9)
1,53,537
1,39,695
1,32,729
5,36,953
5,36,807
11. Tax expense
27,627
35,574
29,706
1,25,221
1,31,618
12. Net Profit from Ordinary Activities after tax (10-11)
1,25,910
1,04,121
1,03,023
4,11,732
4,05,189
13. Extraordinary items (net of tax expense)
-
-
-
-
-
14. Net Profit for the period (12-13)
1,25,910
1,04,121
1,03,023
4,11,732
4,05,189
15. Paid-up Equity Share Capital
(Face value ₹ 2/- per Equity Share)
49,286
49,242
49,117
49,286
49,117
16. Reserves excluding Revaluation Reserve
36,65,807
32,92,444
17. Analytical Ratios and Other Disclosures:
(i)
Percentage of shares held by Government of India
NIL
NIL
NIL
NIL
NIL
(ii)
Capital Adequacy ratio (%) (Refer note 6)
Under Basel III
17.25
15.20
16.40
17.25
16.40
(iii)
Earnings per Share (EPS) (in ₹)
(a) Basic EPS (before and after extraordinary items)
5.11*
4.23*
4.20*
16.74
16.54
(b) Diluted EPS (before and after extraordinary items)
5.05*
4.19*
4.16*
16.56
16.37
(iv)
NPA Ratios
a) Gross NPA
4,33,529
4,44,686
4,37,554
4,33,529
4,37,554
b) Net NPA
52,925
1,06,804
1,04,038
52,925
1,04,038
c) % of Gross NPA
1.62
1.72
1.84
1.62
1.84
d) % of Net NPA
0.20
0.42
0.44
0.20
0.44
(v)
Return on Assets (%)
0.34*
0.29*
0.31*
1.15
1.23
(vi)
Net Worth
38,69,054
35,88,860
33,12,164
38,69,054
33,12,164
(vii)
Outstanding Redeemable Preference Shares
NIL
NIL
NIL
NIL
NIL
(viii)
Capital Redemption Reserve
NIL
NIL
NIL
NIL
NIL
(ix)
Debenture Redemption Reserve
NIL
NIL
NIL
NIL
NIL
(x)
Debt - Equity Ratio (#)
0.55
0.45
0.71
0.55
0.71
(xi)
Total Debts to Total Assets (#)
5.46%
4.45%
6.80%
5.46%
6.80%
(xii)
Operating Margin
26.64%
21.70%
19.14%
22.42%
20.22%
(xiii)
Net Profit Margin
14.74%
13.07%
13.46%
12.81%
13.43%
(*) Not Annualised
(#) Debt and Total Debts represents Total Borrowings of the Bank
Segment Information@
(₹ in Lakhs)
Particulars Quarter ended Year ended
31.03.2026 31.12.2025 31.03.2025 31.03.2026 31.03.2025
Audited Unaudited Audited Audited Audited
(Refer Note
(Refer Note
18 below)
18 below)
1) Segment Revenue:
Treasury 1,48,203 1,64,385 1,68,255 6,68,863 6,70,972
Corporate/Wholesale Banking 3,08,281 3,07,410 2,81,804 12,29,992 11,72,425
Retail Banking 8,21,441 8,01,999 7,85,296 31,74,287 30,49,898
a) Digital Banking 84,865 83,139 82,321 3,36,174 2,92,497
b) Other Retail Banking 7,36,576 7,18,860 7,02,975 28,38,113 27,57,401
Other Banking operations 13,318 10,649 8,665 43,250 26,854
Unallocated 46,712 3,303 1,866 50,868 2,630
Total Revenue 13,37,955 12,87,746 12,45,886 51,67,260 49,22,779
Less: Inter Segment Revenue 4,83,551 4,90,967 4,80,455 19,53,683 19,06,129
Income from Operations 8,54,404 7,96,779 7,65,431 32,13,577 30,16,650
2) Segment Results (net of provisions):
Treasury 14,231 34,065 24,626 1,15,557 95,246
Corporate/Wholesale Banking 66,092 59,545 68,792 2,38,421 2,29,747
Retail Banking 60,778 33,731 30,080 1,40,941 1,86,358
a) Digital Banking 2,592 2,243 (1,237) 10,096 (466)
b) Other Retail Banking 58,186 31,488 31,317 1,30,845 1,86,824
Other Banking operations 11,320 9,051 7,365 36,762 22,826
Unallocated 1,116 3,303 1,866 5,272 2,630
Profit before tax 1,53,537 1,39,695 1,32,729 5,36,953 5,36,807
3) Segment Assets:
Treasury 1,09,60,306 97,88,739 1,01,36,265 1,09,60,306 1,01,36,265
Corporate/Wholesale Banking 1,30,15,453 1,28,05,731 1,16,85,188 1,30,15,453 1,16,85,188
Retail Banking 1,45,29,464 1,37,30,052 1,27,92,131 1,45,29,464 1,27,92,131
a) Digital Banking 8,22,508 7,88,136 7,45,633 8,22,508 7,45,633
b) Other Retail Banking 1,37,06,956 1,29,41,916 1,20,46,498 1,37,06,956 1,20,46,498
Other Banking operations 4,984 7,262 3,167 4,984 3,167
Unallocated 2,41,942 3,37,293 2,83,729 2,41,942 2,83,729
Total 3,87,52,149 3,66,69,077 3,49,00,480 3,87,52,149 3,49,00,480
4) Segment Liabilities:
Treasury 36,77,394 30,16,042 37,98,141 36,77,394 37,98,141
Corporate/Wholesale Banking 43,99,349 40,03,435 36,98,393 43,99,349 36,98,393
Retail Banking 2,66,63,793 2,58,56,712 2,39,35,364 2,66,63,793 2,39,35,364
a) Digital Banking 23,49,518 21,83,288 19,13,636 23,49,518 19,13,636
b) Other Retail Banking 2,43,14,275 2,36,73,424 2,20,21,728 2,43,14,275 2,20,21,728
Other Banking operations 92 72 25 92 25
Unallocated 1,41,014 1,84,500 1,26,495 1,41,014 1,26,495
Total 3,48,81,642 3,30,60,761 3,15,58,418 3,48,81,642 3,15,58,418
5) Capital Employed 38,70,507 36,08,316 33,42,062 38,70,507 33,42,062
6) Total (4 + 5) 3,87,52,149 3,66,69,077 3,49,00,480 3,87,52,149 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 year ended
March 31, 2026, or for the previous periods.
Notes:
1 Statement of Assets and Liabilities of the Bank as at March 31, 2026 is given
below:
(₹ in Lakhs)
Particulars As at 31.03.2026 As at 31.03.2025
Audited Audited
CAPITAL AND LIABILITIES
Capital 49,286 49,117
Share Warrants Subscription Money 1,54,913 -
Reserves and Surplus 36,66,308 32,92,945
Deposits 3,13,90,939 2,83,64,747
Borrowings 21,15,913 23,72,630
Other Liabilities and Provisions 13,74,790 8,21,041
Total 3,87,52,149 3,49,00,480
ASSETS
Cash and Balances with Reserve Bank of India 15,56,619 20,35,443
Balance with Banks and Money at Call and Short Notice 10,16,141 10,50,481
Investments 76,67,621 66,24,561
Advances 2,64,59,437 2,34,83,639
Fixed Assets 1,47,252 1,47,827
Other Assets 19,05,079 15,58,529
Total 3,87,52,149 3,49,00,480
2 The above Standalone Audited Financial Results for the quarter and year ended
March 31, 2026 were approved by the Board of Directors at its meeting held on
April 29, 2026. These financial results have been subjected to Audit by the
Joint Statutory Auditors of the Bank and an unmodified audit opinion 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 / 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.
7 During the quarter and year ended March 31, 2026, the Bank has allotted
22,05,731 and 84,53,291 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 Of (A), aggregate debt that slipped into NPA during the Of (A) amount Of (A) amount paid by the borrowers Exposure to accounts
classified as Standard
half-year
written off during the half-year
during the half- year ((2))
classified as Standard
consequent to implementation of resolution plan - Position as at the
consequent to implementation of resolution plan - Position as at the
end of the previous half-year ended September 30, 2025 (A) ((1)) end of this half-year ended March 31, 2026 ((1),(3))
Personal Loans 93,653.08 1,652.93 - 10,553.92 82,232.18
Corporate persons 2,770.16 - - 723.17 2,046.99
Of which, MSMEs - - - -
Others 7,564.35 9.92 - 1,145.99 6,457.58
Total 1,03,987.59 1,662.85 - 12,423.08 90,736.75
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 March 31, 2026.
10 Disclosure as per 'Reserve Bank of India (Commercial Banks - Financial
Statements : Presentation and Disclosures) Directions, 2025' dated November
28, 2025 and as amended thereafter, for the loans transferred / acquired
during the year ended March 31, 2026 are given below:
i) Details of loans not in default transferred through assignment during the
year ended March 31, 2026 are given below:
Particulars Value
Aggregate amount of loans transferred (₹ in lakhs) 32,500.00
Weighted average residual maturity (in years) 15.06
Weighted average holding period by originator (in years) 1.75
Retention of beneficial economic interest by the originator (₹ in lakhs) 71,930.10
Tangible security coverage 80.47%
Rating-wise distribution
AA 38.46%
AA+ 61.54%
ii) During the year ended March 31, 2026, 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 year ended March 31, 2026, 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 March 31, 2026 are
given below:
(₹ in Lakhs)
Rating Recovery Rating Gross Book Value Provision Held Net Book Value
RR1 100%-150% 439.47 - 439.47
Total 439.47 - 439.47
11 The Board of Directors of the Bank have recommended a dividend of 60% i.e. ₹
1.20/- per equity share on face value of ₹ 2.00/- each for the year 2025-26
(Previous Year ₹1.20/- per equity share) subject to the approval of the
members at the ensuing Annual General Meeting. The effect of the proposed
dividend has been reckoned in determining capital funds in the computation of
Capital Adequacy Ratio as on March 31, 2026.
12 Disclosure as per 'Reserve Bank of India (Commercial Banks - Financial
Statements : Presentation and Disclosures) Directions, 2025' dated November
28, 2025 and as amended thereafter, on projects under implementation, for the
quarter ended March 31, 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.* 118 2,68,171.68
2 Projects under implementation accounts sanctioned during the quarter. 13 41,226.34
3 Projects under implementation accounts where DCCO has been achieved during the 27 42,334.74
quarter.(@)
4 Projects under implementation accounts at the end of the quarter. (1+2-3) 104 2,67,063.28
5 Out of '4' - accounts in respect of which resolution process involving 41 79,111.81
extension in original / extended DCCO, as the case may be, has been invoked.
5.1 Out of '5' - accounts in respect of which Resolution plan has been 41 79,111.81
implemented.
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 2 231.35
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 March 31, 2026
*Includes 7 accounts classified as project finance during the quarter ended
March 31,2026
(@) Includes 3 accounts closed during the quarter
13 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 Co-Lending Arrangements (CLAs) on an
aggregate basis, for the year ended March 31, 2026 is given below.
SI No Item Description As at March 31, 2026
1 Number of CLA Partners 3
2 Number of accounts outstanding 76,596
3 Quantum of CLA (₹ in lakhs) 19,187.10
4 Weighted average rate of interest (%) 25.95%
5 Fees paid during the financial year (₹ in lakhs)
2,275.88
6 Broad sectors in which CLA was made Agriculture & Business Loans
7 Performance of loans under CLA
- Standard loans (₹ in lakhs) 14,737.60
- Non-Performing loans (₹ in lakhs)
4,449.50
8 Details related to default loss guarantee -
14 During the quarter ended March 31, 2026, the Bank has accounted interest on
income tax refund aggregating to ₹ 45,659.75 lakhs pursuant to favourable
orders received for various assessment years. Tax expense during the quarter
and year ended March 31, 2026, is net of write back of provision no longer
required of ₹ 11,451.00 lakhs, pursuant to favourable orders received.
15 On February 16,2026, the Bank has issued and allotted 27,29,74,043 warrants by
way of preferential allotment on a private placement basis to Asia II Topco
XIII Pte. Ltd., on receipt of 25% of the warrant price of ₹ 227 per warrant,
aggregating to ₹ 1,54,912.77 lakhs. Each warrant carries the right to
subscribe to one fully paid up equity share of the Bank having a face value of
₹ 2 per share, upon exercise, by paying the remaining 75% within 18 months
of allotment.
16 During the quarter ended December 31, 2025, the Bank has acquired 3,20,00,000
equity shares of Ageas Federal Life Insurance Company Limited (associate
company) from Ageas Insurance International NV, for a consideration of ₹
30.45 per share. Total consideration paid was ₹ 9,744.00 lakhs. Pursuant to
this acquisition, the Bank now holds 30% shareholding in Ageas Federal Life
Insurance Company Limited, on a fully diluted basis.
17 During the quarter ended March 31, 2026, the Bank has made a floating
provision of ₹ 45,596.00 lakhs for Non-Performing Assets.
18 The figures of the last quarter of the respective financial years are the
balancing figures between the audited figures in respect of the full financial
year and the published year to date figures upto the end of third quarter of
the respective financial year, which were subjected to limited review.
19 Previous period's figures have been regrouped / reclassified, wherever
necessary to conform to current period's classification.
KRISHNAN VENKAT SUBRAMANIAN
Mumbai MANAGING DIRECTOR & CEO
April 29, 2026 (DIN: 00031794)
THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101
(CIN: L65191KL1931PLC000368)
STANDALONE AUDITED CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2026
(₹ in Lakhs)
Particulars Year ended Year ended
March 31, 2026
March 31, 2025
Cash Flow from Operating Activities
Net Profit Before Taxes 5,36,953 5,36,807
Adjustments for:
Depreciation on Bank's Property 28,238 26,725
(Profit) / Loss on revaluation of Investments (net) 25,163 (13,799)
Amortisation of discount on Investments (11,121) (9,415)
Provision / Charge for Non Performing Advances 1,73,642 80,406
Provision for Investments, Standard Assets and Contingencies 10,025 (7,099)
Profit on Sale of Fixed Assets (net) (2,084) (252)
Profit on Sale of Investment in Associate - (6,491)
Dividend From Subsidiaries / Associate (1,655) (2,268)
Employees Stock Option Expense 2,659 848
7,61,820 6,05,462
Adjustments for working capital changes:-
(Increase) / Decrease in Investments [excluding investments in Subsidiaries, 9,092 (1,59,395)
Associate and Held to Maturity Investments]
Increase in Advances (31,49,439) (26,23,712)
(Increase) / Decrease in Other Assets (3,63,114) 2,51,832
Increase in Deposits 30,26,192 31,11,345
Increase / (Decrease) in Other Liabilities and Provisions 5,28,300 (53,297)
51,031 5,26,773
Direct taxes paid (net) (94,649) (1,24,897)
Net Cash Flow from Operating Activities 7,18,202 10,07,338
Cash Flow from Investing Activities
Purchase of Fixed Assets (27,785) (72,670)
Proceeds from Sale of Fixed Assets 2,206 375
Dividend From Subsidiaries / Associate 1,655 2,268
Proceeds from Sale of Investment in Associate - 7,755
Increase in Investment in Associate (9,744) -
Purchase of Held to Maturity Investments (net) (10,71,872) (3,12,106)
Net Cash Used in Investing Activities (11,05,540) (3,74,378)
Cash Flow from Financing Activities
Proceeds from issue of Share Capital 169 410
Proceeds from Share Premium (Net of Share Issue Expenses) 6,228 16,102
Redemption of Subordinate Debt - (30,000)
Increase / (Decrease) in Borrowings (Excluding Subordinate Debt) (2,56,718) 5,99,988
Proceeds from Share Warrants Subscription Money 1,54,913 -
Dividend Paid (29,504) (29,400)
Net Cash flow from / (used in) Financing Activities (1,24,912) 5,57,100
Effect of Exchange Fluctuation on Translation Reserve (914) (428)
Net Increase / (Decrease) in Cash and Cash Equivalents (5,13,164) 11,89,632
Cash and Cash Equivalents at the beginning of the year 30,85,924 18,96,292
Cash and Cash Equivalents at the end of the year 25,72,760 30,85,924
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
April 29, 2026 (DIN: 00031794)
THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101
(CIN: L65191KL1931PLC000368)
CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH
31, 2026
(₹ in Lakhs)
Particulars Quarter ended Year ended
31.03.2026 31.12.2025 31.03.2025 31.03.2026 31.03.2025
Audited Unaudited Audited Audited Audited
(Refer Note
(Refer Note
10 below)
10 below)
1. Interest earned (a)+(b)+(c)+(d) 7,94,661 7,36,047 7,10,795 29,67,410 28,10,608
(a) Interest/discount on advances/bills 6,07,148 5,96,439 5,73,998 23,67,438 22,74,481
(b) Income on investments 1,25,484 1,21,248 1,14,982 4,76,810 4,53,799
(c) Interest on balances with Reserve Bank of India and other inter bank funds 10,308 9,372 11,985 45,833 44,301
(d) Others 51,721 8,988 9,830 77,329 38,027
2. Other income (Refer note 6) 1,18,586 1,14,269 1,04,734 4,59,832 3,92,417
3. TOTAL INCOME (1+2) 9,13,247 8,50,316 8,15,529 34,27,242 32,03,025
4. Interest expended 4,40,166 4,40,081 4,45,647 17,77,156 17,63,127
5. Operating expenses (i)+(ii) 2,25,557 2,22,040 2,10,241 8,66,664 7,89,195
(i) Employees cost 93,044 98,518 90,719 3,75,565 3,54,521
(ii) Other operating expenses 1,32,513 1,23,522 1,19,522 4,91,099 4,34,674
6. TOTAL EXPENDITURE (4+5) 6,65,723 6,62,121 6,55,888 26,43,820 25,52,322
(excluding provisions and contingencies)
7. OPERATING PROFIT (3-6) 2,47,524 1,88,195 1,59,641 7,83,422 6,50,703
(Profit before provisions and contingencies)
8. Provisions (other than tax) and contingencies 76,167 37,447 16,282 1,97,079 91,920
9. Exceptional items - - - - -
10. Profit from Ordinary Activities before tax 1,71,357 1,50,748 1,43,359 5,86,343 5,58,783
(7-8-9)
11. Tax expense 32,032 38,355 32,528 1,38,005 1,38,634
12. Net Profit from Ordinary Activities after tax 1,39,325 1,12,393 1,10,831 4,48,338 4,20,149
(10-11)
13. Extraordinary items (net of tax expense) - - - - -
14. Net Profit for the period (12-13) 1,39,325 1,12,393 1,10,831 4,48,338 4,20,149
15. Minority interest 5,135 3,132 2,954 14,564 7,517
16. Share in Profit / (Loss) of Associates (93) 146 1,217 756 3,253
17. Consolidated Net Profit of the group 1,34,097 1,09,407 1,09,094 4,34,530 4,15,885
(14-15+16)
18. Paid-up Equity Share Capital 49,286 49,242 49,117 49,286 49,117
(Face value ₹ 2/- per Equity Share)
19. Reserves excluding Revaluation Reserve 37,99,601 34,04,215
20. Analytical Ratios and Other Disclosures:
(i) Percentage of shares held by Government of India NIL NIL NIL NIL NIL
(ii) Earnings per Share (EPS) (in ₹)
(a) Basic EPS (before and after extraordinary items) 5.44* 4.45* 4.44* 17.67 16.98
(b) Diluted EPS (before and after extraordinary items) 5.38* 4.40* 4.40* 17.48 16.80
(*) Not Annualised
THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101
(CIN: L65191KL1931PLC000368)
CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH
31, 2026
(₹ in Lakhs)
Particulars
Quarter ended
Year ended
31.03.2026
31.12.2025
31.03.2025
31.03.2026
31.03.2025
Audited
(Refer Note
10 below)
Unaudited
Audited
(Refer Note
10 below)
Audited
Audited
1. Interest earned (a)+(b)+(c)+(d)
7,94,661
7,36,047
7,10,795
29,67,410
28,10,608
(a)
Interest/discount on advances/bills
6,07,148
5,96,439
5,73,998
23,67,438
22,74,481
(b)
Income on investments
1,25,484
1,21,248
1,14,982
4,76,810
4,53,799
(c)
Interest on balances with Reserve Bank of India and other inter bank funds
10,308
9,372
11,985
45,833
44,301
(d)
Others
51,721
8,988
9,830
77,329
38,027
2. Other income (Refer note 6)
1,18,586
1,14,269
1,04,734
4,59,832
3,92,417
3. TOTAL INCOME (1+2)
9,13,247
8,50,316
8,15,529
34,27,242
32,03,025
4. Interest expended
4,40,166
4,40,081
4,45,647
17,77,156
17,63,127
5. Operating expenses (i)+(ii)
2,25,557
2,22,040
2,10,241
8,66,664
7,89,195
(i)
Employees cost
93,044
98,518
90,719
3,75,565
3,54,521
(ii)
Other operating expenses
1,32,513
1,23,522
1,19,522
4,91,099
4,34,674
6. TOTAL EXPENDITURE (4+5)
(excluding provisions and contingencies)
6,65,723
6,62,121
6,55,888
26,43,820
25,52,322
7. OPERATING PROFIT (3-6)
(Profit before provisions and contingencies)
2,47,524
1,88,195
1,59,641
7,83,422
6,50,703
8. Provisions (other than tax) and contingencies
76,167
37,447
16,282
1,97,079
91,920
9. Exceptional items
-
-
-
-
-
10. Profit from Ordinary Activities before tax
(7-8-9)
1,71,357
1,50,748
1,43,359
5,86,343
5,58,783
11. Tax expense
32,032
38,355
32,528
1,38,005
1,38,634
12. Net Profit from Ordinary Activities after tax
(10-11)
1,39,325
1,12,393
1,10,831
4,48,338
4,20,149
13. Extraordinary items (net of tax expense)
-
-
-
-
-
14. Net Profit for the period (12-13)
1,39,325
1,12,393
1,10,831
4,48,338
4,20,149
15. Minority interest
5,135
3,132
2,954
14,564
7,517
16. Share in Profit / (Loss) of Associates
(93)
146
1,217
756
3,253
17. Consolidated Net Profit of the group
(14-15+16)
1,34,097
1,09,407
1,09,094
4,34,530
4,15,885
18. Paid-up Equity Share Capital
(Face value ₹ 2/- per Equity Share)
49,286
49,242
49,117
49,286
49,117
19. Reserves excluding Revaluation Reserve
37,99,601
34,04,215
20. Analytical Ratios and Other Disclosures:
(i)
Percentage of shares held by Government of India
NIL
NIL
NIL
NIL
NIL
(ii)
Earnings per Share (EPS) (in ₹)
(a) Basic EPS (before and after extraordinary items)
5.44*
4.45*
4.44*
17.67
16.98
(b) Diluted EPS (before and after extraordinary items)
5.38*
4.40*
4.40*
17.48
16.80
(*) Not Annualised
Segment Information@
(₹ in Lakhs)
Particulars Quarter ended Year ended
31.03.2026 31.12.2025 31.03.2025 31.03.2026 31.03.2025
Audited Unaudited Audited Audited Audited
(Refer Note
(Refer Note
10 below)
10 below)
1) Segment Revenue:
Treasury 1,49,080 1,65,077 1,69,189 6,70,418 6,69,620
Corporate/Wholesale Banking 3,06,304 3,05,627 2,79,657 12,22,202 11,63,963
Retail Banking 8,80,348 8,55,672 8,34,762 33,88,652 32,38,694
a) Digital Banking 84,865 83,139 82,321 3,36,174 2,92,497
b) Other Retail Banking 7,95,483 7,72,533 7,52,441 30,52,478 29,46,197
Other Banking operations 14,354 11,597 10,509 48,778 34,163
Unallocated 46,712 3,310 1,866 50,875 2,714
Total Revenue 13,96,798 13,41,283 12,95,983 53,80,925 51,09,154
Less: Inter Segment Revenue 4,83,551 4,90,967 4,80,454 19,53,683 19,06,129
Income from Operations 9,13,247 8,50,316 8,15,529 34,27,242 32,03,025
2) Segment Results (net of provisions):
Treasury 15,683 35,341 26,133 1,19,436 96,214
Corporate/Wholesale Banking 65,997 59,505 68,620 2,38,288 2,29,183
Retail Banking 77,392 46,231 41,591 1,85,875 2,09,145
a) Digital Banking 2,592 2,243 (1,237) 10,096 (466)
b) Other Retail Banking 74,800 43,988 42,828 1,75,779 2,09,611
Other Banking operations 11,169 6,361 5,149 37,465 21,527
Unallocated 1,116 3,310 1,866 5,279 2,714
Profit before tax 1,71,357 1,50,748 1,43,359 5,86,343 5,58,783
3) Segment Assets:
Treasury 1,09,60,131 98,31,663 1,01,33,992 1,09,60,131 1,01,33,992
Corporate/Wholesale Banking 1,29,02,856 1,27,08,731 1,15,76,113 1,29,02,856 1,15,76,113
Retail Banking 1,61,06,301 1,50,38,292 1,40,25,857 1,61,06,301 1,40,25,857
a) Digital Banking 8,22,508 7,88,136 7,45,633 8,22,508 7,45,633
b) Other Retail Banking 1,52,83,793 1,42,50,156 1,32,80,224 1,52,83,793 1,32,80,224
Other Banking operations 5,169 7,681 3,352 5,169 3,352
Unallocated 2,33,623 3,28,916 2,75,877 2,33,623 2,75,877
Total 4,02,08,080 3,79,15,283 3,60,15,191 4,02,08,080 3,60,15,191
4) Segment Liabilities:
Treasury 37,25,814 31,13,135 38,49,103 37,25,814 38,49,103
Corporate/Wholesale Banking 43,84,940 39,97,713 36,92,572 43,84,940 36,92,572
Retail Banking 2,78,53,106 2,67,91,740 2,48,09,367 2,78,53,106 2,48,09,367
a) Digital Banking 23,49,518 21,83,288 19,13,636 23,49,518 19,13,636
b) Other Retail Banking 2,55,03,588 2,46,08,452 2,28,95,731 2,55,03,588 2,28,95,731
Other Banking operations 292 212 195 292 195
Unallocated 1,32,695 1,76,123 1,18,643 1,32,695 1,18,643
Total 3,60,96,847 3,40,78,923 3,24,69,880 3,60,96,847 3,24,69,880
5) Capital Employed 41,11,233 38,36,360 35,45,311 41,11,233 35,45,311
6) Total (4 + 5) 4,02,08,080 3,79,15,283 3,60,15,191 4,02,08,080 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 year ended
March 31, 2026, or for the previous periods.
Notes:
1 Statement of Assets and Liabilities of the group as at March 31, 2026 is given
below:
(₹ in Lakhs)
Particulars As at 31.03.2026 As at 31.03.2025
Audited Audited
CAPITAL AND LIABILITIES
Capital 49,286 49,117
Share Warrants Subscription Money 1,54,913 -
Reserves and Surplus 38,00,102 34,04,716
Minority Interest 1,06,932 91,478
Deposits 3,13,49,089 2,83,48,362
Borrowings 33,19,325 32,59,583
Other Liabilities and Provisions 14,28,433 8,61,935
Total 4,02,08,080 3,60,15,191
ASSETS
Cash and Balances with Reserve Bank of India 15,57,677 20,36,098
Balance with Banks and Money at Call and Short Notice 11,32,055 11,23,615
Investments 76,47,145 66,05,768
Advances 2,77,38,066 2,44,99,536
Fixed Assets 1,52,817 1,52,755
Other Assets 19,80,320 15,97,419
Total 4,02,08,080 3,60,15,191
2 The above Consolidated Audited Financial Results for the quarter and year
ended March 31, 2026 were approved by the Board of Directors at its meeting
held on April 29, 2026. These financial results have been subjected to audit
by the Joint Statutory Auditors of the Bank and an unmodified audit opinion
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.
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 / 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 Board of Directors of the Bank have recommended a dividend of 60% i.e. ₹
1.20/- per equity share on face value of ₹ 2.00/- each for the year 2025-26
(Previous Year ₹1.20/- per equity share) subject to the approval of the
members at the ensuing Annual General Meeting. The effect of the proposed
dividend has been reckoned in determining capital funds in the computation of
Capital Adequacy Ratio as on March 31, 2026.
9 During the quarter ended December 31, 2025, the Bank has acquired 3,20,00,000
equity shares of Ageas Federal Life Insurance Company Limited (associate
company) from Ageas Insurance International NV, for a consideration of ₹
30.45 per share. Total consideration paid was ₹ 9,744.00 lakhs. Pursuant to
this acquisition, the Bank now holds 30% shareholding in Ageas Federal Life
Insurance Company Limited, on a fully diluted basis.
10 The figures of the last quarter of the respective financial years are the
balancing figures between the audited figures in respect of the full financial
year and the published year to date figures upto the end of third quarter of
the respective financial year, which were subjected to limited review.
11 Previous period's figures have been regrouped / reclassified, wherever
necessary to conform to current period's classification.
KRISHNAN VENKAT SUBRAMANIAN
Mumbai MANAGING DIRECTOR & CEO
April 29, 2026 (DIN: 00031794)
THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101
(CIN: L65191KL1931PLC000368)
CONSOLIDATED AUDITED CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2026
(₹ in Lakhs)
Particulars Year ended Year ended
March 31, 2026
March 31, 2025
Cash Flow from Operating Activities
Net Profit Before Taxes 5,72,535 5,54,519
Adjustments for:
Depreciation on Group's Property 30,585 28,845
(Profit) / Loss on revaluation of Investments (net) 25,172 (15,231)
Amortisation of discount on Investments (11,121) (9,415)
Provision / Charge for Non Performing Advances 1,89,116 92,680
Provision for Investments, Standard Assets and Contingencies 7,963 740
Profit on sale of fixed assets (net) (2,058) (218)
Profit on Sale of Investment in Associate - (3,668)
Employees Stock Option Expense 2,659 848
8,14,851 6,49,100
Adjustments for working capital changes:-
(Increase) / Decrease in Investments [excluding investments in Subsidiaries, 10,767 (1,25,087)
Associate and Held to Maturity Investments]
Increase in Advances (34,27,646) (27,81,187)
(Increase) / Decrease in Other Assets (3,86,921) 2,46,322
Increase in Deposits 30,00,727 31,02,861
Increase / (Decrease) in Other Liabilities and Provisions 5,43,577 (77,814)
(2,59,496) 3,65,095
Direct taxes paid (net) (1,20,444) (1,34,103)
Net Cash Flow from Operating Activities 4,34,911 8,80,092
Cash Flow from Investing Activities
Purchase of Fixed Assets (30,821) (75,465)
Proceeds from Sale of Fixed Assets 2,233 386
Proceeds from Sale of Investment in Associate - 7,755
Increase in Investment in Associate (9,744) -
Purchase of Held to Maturity Investments (net) (10,72,572) (3,12,106)
Net Cash Used in Investing Activities (11,10,904) (3,79,430)
Cash Flow from Financing Activities
Proceeds from Issue of Share Capital 169 410
Proceeds from Share Premium (Net of Share Issue Expenses) 6,365 16,431
Increase in Minority Interest 15,240 9,035
Issuance / (Redemption) of Subordinate Debt 45,000 (30,000)
Increase in Borrowings (Excluding Subordinate Debt) 14,743 7,73,621
Proceeds from Share Warrants Subscription Money 1,54,913 -
Dividend Paid (29,504) (29,400)
Net Cash flow from Financing Activities 2,06,926 7,40,097
Effect of Exchange Fluctuation on Translation Reserve (914) (428)
Net Increase / (Decrease) in Cash and Cash Equivalents (4,69,981) 12,40,331
Cash and Cash Equivalents at the beginning of the year 31,59,713 19,19,382
Cash and Cash Equivalents at the end of the year 26,89,732 31,59,713
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
April 29, 2026 (DIN: 00031794)
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