Federal Bank : Press Release - Q2 Results - FY 2016-17

October 25, 2016

PRESS RELEASE

Federal Bank announced the Unaudited Financial Results for the quarter ended 30th September 2016. The key highlights of the results on a Y-o-Y basis are as follows:

• Total Business increases by 21.13%

• Net Total Income increases by 24.93%

• Total Deposits increases by 16.96%

• NRE Deposits increases by 19.26%

• CASA grows by 13.92%

• Total Advances increases by 26.63%

• Retail Advances grows by 21.77%

• Wholesale Advances grows 47.01%

WORKING RESULTS AT A GLANCE

(Rs.in Crore)

Backed by a 26.63 % increase in Total Advances, the Total Business of the Bank registered a Y-o-Y growth of 21.13% to reach Rs. 150986 Cr as on 30th September 2016, thereby crossing the landmark size of 150000 crores. Total Advances grew from Rs. 51675.89 Cr to Rs. 65439.31 Cr. The Total Deposits increased from Rs. 73783.20 Cr as on 30th September 2015 to Rs. 86299.10 Cr as on 30th September 2016.

NRE Deposits of the Bank registered a 19.26% growth from Rs. 27217.34 Cr to Rs. 32459.20 Cr. CASA Deposits grew by 13.92 % Y-o-Y to reach Rs. 26786.93 Cr.

On the Asset side, Wholesale advances grew by 47.01% to reach Rs. 22451.08 Cr. Retail Advances clocked a growth of 21.77%. SME Advances grew by 17.01% from Rs. 13875.54 Cr as at the end of the corresponding period last year to 16235.37 Cr as on 30th September 2016. Housing Loan registered a Y-o-Y growth of 13.85% from Rs. 7334.61 Cr. to Rs.8350.60 Cr.

The Bank registered an Operating Profit of Rs. 474.93 Cr. and a Net Profit of Rs. 201.24 Cr. for the quarter ended 30th September 2016. Net profit grows by 24.77% as compared to the corresponding quarter last year. The Operating Profit and Net Profit for the half year ended 30th September 2016 stood at Rs. 900.79 Cr and Rs. 368.55 Cr respectively.

The Bank earned a Net Interest Income of Rs. 725.24 Cr for the quarter ended 30th September 2016. Net Interest Margin increased from 3.11% to 3.31% as on 30th September 2016.

The Gross NPA of the Bank as at the end of Q2FY17 stood at 1819.72 Cr, which as a percentage to Gross Advances stood at 2.78%. The Net NPA and the Net NPA as a percentage to Net Advances as on 30th September 2016 stood at 1039.74 Cr and 1.61% respectively. The Provision Coverage Ratio (including technical write-offs) is 71.70%.

The Net worth of the bank increased from Rs. 8057.43 Cr as on 30th September 2015 to Rs. 8366.91Cr, as on 30th September 2016. The Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines stood at 12.85 % as at the end of the quarter.

The Bank has 1252 branches and 1607 ATMs as on 30th September 2016.

Q2FY16 Vs Q2FY17

• Total Deposits increased by 16.96% from Rs. 73783.20 Cr to Rs. 86299.10 Cr.

• Savings deposits grew by 15.93% to reach Rs. 22415.51 Cr

• CASA grew by 13.92% to reach Rs. 26786.93 Cr

• CASA ratio at 31.04%.

• NRE deposits grew by 19.26% to reach Rs. 32459.20 Cr.

• Advances increased by 26.63% from Rs. 51675.89 Cr to Rs. 65439.31 Cr.

• Wholesale Advances increased by 47.01% from Rs. 15272.04 Cr to 22451.08 Cr.

• Retail advances grows by 21.77% to reach Rs. 19960.14 Cr.

• SME Advances registered a growth of 17.01% to reach Rs. 16235.37 Cr.

• Investments stood at Rs. 24152.20 Cr.

• Book Value per share increased to Rs. 48.63 from Rs. 46.92.

MAJOR FINANCIAL INDICATORS (Standalone nos.)

(Rs. in Crore)

Ph- 9605002412, E-mail: rajanarayanan@federalbank.co.in

A presentation for investors is being placed separately on our Bank's website: www.federalbank.co.in

For further information, please contact:

Tel: +91-484-2634006, e-mail: akhajuria@federalbank.co.in