# Federal Bank (FEDERALBNK) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/federalbnk

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹340.1
- Change: +0.47%
- As of: 2026-11-06
- 1D return: +0.47%
- 5D return: +0.12%
- 1M return: +5.95%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

FEDERALBNK closed at ₹340.1 on 2026-11-06, holding above all daily and monthly moving averages with a bullish Supertrend signal across these timeframes. The long-term trend remains strong (monthly ADX 61.73), but daily momentum is weak (ADX 19.47), indicating a lack of immediate conviction despite the price being in the upper-middle of its 50-day range (+61.0%) and near the top of its 252-day range (+77.3%).

A moderate upward gap occurred on 2026-11-05 (+1.0%), followed by a Doji candle, suggesting indecision after recent gains. While the stock has risen +44.2% over the past year, it is currently -8.5% from its available high, reflecting a short-term pullback from stronger levels. Resistance is immediate at ₹342.62 (+0.74%), with further hurdles at ₹346.73 and ₹352.47. Support lies at ₹336.88 (-0.95%), with deeper levels at ₹332.77.

The setup is constructive but requires confirmation. A decisive break above ₹342.62 with increased participation would validate the continuation of the longer-term uptrend. Conversely, a close below ₹336.88 could signal a retest of lower supports given the weak daily trend strength.

- Trend Structure: Bullish on monthly and weekly horizons; neutral-to-weak on daily (ADX 19.47). Price remains above key daily and monthly moving averages.
- Price Positioning: Trading at ₹340.1, located +77.3% into its 252-day range and +61.0% into its 50-day range. Currently -8.5% below its recent high.
- Key Levels: Immediate resistance at ₹342.62 (+0.74%) and ₹346.73 (+1.95%). First support at ₹336.88 (-0.95%), with secondary support at ₹332.77 (-2.16%).
- Momentum & Risk: Recent moderate upward gap on 2026-11-05 followed by a Doji indicates consolidation. Annualized volatility is +24.8%, with current drawdown at -8.5%.

- Doji
- Inside Bar
- Bearish Engulfing Reversal

### News Context

Federal Bank (NSE: FEDERALBNK) reported two key corporate actions in the seven-day window ending November 6, 2026. On November 5, the bank allotted 174,972 equity shares to employees exercising stock options under ESOS 2010, ESOS 2017, and ESIS 2023 schemes. This issuance increased paid-up share capital from ₹4,946,010,678 to ₹4,946,360,622, with the total number of paid-up shares rising to 2,473,180,311. The bank disclosed that this event was not considered material for prior disclosure under SEBI LODR regulations. Additionally, on October 30, Federal Bank confirmed Mr. Samir P Rajdev’s continued tenure as Compliance Officer and identified Integrated Registry Management Services Pvt Ltd as its Registrar and Share Transfer Agent for the quarter ended September 30, 2026. Market data as of November 6 shows the stock trading at ₹340.1, reflecting a +0.5% daily gain and a +6.3% monthly return, with technical indicators signaling a bullish trend across daily, weekly, and monthly timeframes.

- Share Capital Adjustment: On November 5, 2026, Federal Bank allotted 174,972 equity shares (face value ₹2 each) to option grantees, increasing paid-up capital to ₹4,946,360,622 and total shares to 2,473,180,311.
- Regulatory Filings: On October 30, 2026, the bank filed disclosures confirming Mr. Samir P Rajdev as Compliance Officer and Integrated Registry Management Services Pvt Ltd as Registrar/RTA for Q2 FY2027.
- Market Performance: As of November 6, 2026, the stock closed at ₹340.1, up +0.5% for the day, +6.3% over the month, and +44.2% over the year, with a market cap of approximately ₹83,730 crore.
- Technical Outlook: Daily, weekly, and monthly supertrend indicators are bullish; nearest resistance is at ₹342.62 (+0.74%) and support at ₹336.88 (-0.95%).

- The Federal Bank Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
- The Federal Bank Limited has informed the Exchange about Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Schemes |SUBJECT: General Updates
- Disclosure under Regulation 6(1) |SUBJECT: Disclosure under Regulation 6(1)
- Disclosure under Regulation 7(1) |SUBJECT: Disclosure under Regulation 7(1)
- The Federal Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL

### Official Filings

Federal Bank Limited disclosed two separate allotments of equity shares in late October and early November 2026, resulting from the exercise of employee stock options. On October 25, 2026, the bank issued 111,880 shares, increasing its paid-up capital from ₹4,945,786,918 to ₹4,946,010,678. A subsequent allotment on November 5, 2026, added 174,972 shares, raising the total paid-up capital to ₹4,946,360,622 and the total number of paid-up shares to 2,473,180,311. These issuances were approved by the Nomination, Remuneration, Ethics and Compensation Committee under the ESOS 2010, ESOS 2017, and ESIS 2023 schemes. The bank classified these events as non-material under SEBI LODR regulations. Additionally, routine disclosures confirmed Mr. Samir P Rajdev’s continued tenure as Compliance Officer and Integrated Registry Management Services Pvt Ltd as the Registrar for the quarter ended September 30, 2026.

- Paid-up share capital increased to ₹4,946,360,622 following allotments of 111,880 shares (Oct 25) and 174,972 shares (Nov 5).
- Total outstanding equity rose to 2,473,180,311 shares, reflecting minor dilution from employee option exercises across three schemes.
- The bank designated these specific allotments as non-material for prior disclosure purposes under SEBI LODR guidelines.

- [The Federal Bank Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_309_WebXMLFile_20261105_145819828.xml)
- [The Federal Bank Limited has informed the Exchange about Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Schemes |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_05112026145405_ESOS2010_-250__2017_251__ESIS_2023_18SE_S.pdf)
- [Disclosure under Regulation 6(1) |SUBJECT: Disclosure under Regulation 6(1)](https://nsearchives.nseindia.com/content/debt/WDM/FEDERALBNK_30102026120517_SignedSEIntimationRegulation6.pdf)
- [Disclosure under Regulation 7(1) |SUBJECT: Disclosure under Regulation 7(1)](https://nsearchives.nseindia.com/content/debt/WDM/FEDERALBNK_30102026121320_SignedSEIntimationRegulation7.pdf)
- [The Federal Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_309_WebXMLFile_20261028_212622285.xml)
- [The Federal Bank Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_28102026213208_SE_Intimation_Investor_Meet_OnetoOne_28102026_Signed.pdf)
- [The Federal Bank Limited has informed the Exchange about Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Schemes |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_25102026204147_ESOS2010249_2017_250_ESIS_2023_17SE_S.pdf)
- [The Federal Bank Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_309_WebXMLFile_20261025_204840633.xml)
- [The Federal Bank Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_23102026223057_SE_Intimation_Investor_Meet_231026_S.pdf)
- [The Federal Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_309_WebXMLFile_20261023_223831538.xml)

### Fundamentals

Federal Bank demonstrates a robust operational expansion in Q2 FY2026-27, with total income rising sequentially to ₹9,903 crore from ₹8,943 crore in Q1. This growth is underpinned by higher interest earned (₹8,383 crore) and significantly stronger other income (₹1,521 crore), which drove operating profit up to ₹2,475 crore and net profit to ₹1,564 crore. The bank’s balance sheet reflects aggressive scaling: advances grew to ₹312,823 crore and deposits reached ₹342,189 crore as of September 2026. Notably, borrowings surged to ₹37,996 crore, indicating a shift in funding structure or liquidity management compared to the prior year’s ₹2,693 crore. While long-term profitability metrics remain stable—with ROE at 12% for Mar 2026 and TTM EPS at ₹21.03—the sequential jump in borrowing warrants monitoring alongside asset quality trends.

- Q2 FY2026-27 Net Profit rose to ₹1,564 crore, supported by a sequential increase in Other Income to ₹1,521 crore.
- Advances expanded to ₹312,823 crore and Deposits to ₹342,189 crore as of Sep 2026, signaling continued business growth.
- Borrowings increased sharply to ₹37,996 crore as of Sep 2026, up from ₹2,693 crore in Sep 2025, altering the liability profile.
- TTM EPS stands at ₹21.03, while Annual ROE for Mar 2026 is recorded at 12%.

### Bull Case

Federal Bank presents a conditional upside case anchored by strong momentum across longer timeframes, despite near-term daily weakness. The monthly trend remains bullish with an ADX of 61.73 and Plus DI at 30.23, indicating sustained buying pressure over the medium term. Similarly, the weekly trend is bullish, supported by a rising SMA-20 slope (8.44) and a Plus DI of 24.31. This multi-timeframe alignment suggests that the underlying structural demand for the stock remains intact even as short-term indicators like the daily EMA-20 slope (-0.57) show consolidation. Investors monitoring this setup should watch for a re-acceleration in daily momentum, potentially signaled by the Plus DI crossing above the Minus DI on the daily chart, which could confirm a resumption of the broader upward trajectory.

- Monthly trend is bullish (ADX 61.73, Plus DI 30.23), signaling strong medium-term momentum.
- Weekly trend shows constructive structure with a positive SMA-20 slope (8.44) and bullish Supertrend direction.
- Daily technicals are mixed but consolidating; a daily Plus DI crossover above Minus DI would signal renewed short-term strength.
- Stock has gained +44.2% over the past year and +27.7% YTD, reflecting significant long-term outperformance.

- [The Federal Bank Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_309_WebXMLFile_20261105_145819828.xml)
- [The Federal Bank Limited has informed the Exchange about Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Schemes |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_05112026145405_ESOS2010_-250__2017_251__ESIS_2023_18SE_S.pdf)
- [Disclosure under Regulation 6(1) |SUBJECT: Disclosure under Regulation 6(1)](https://nsearchives.nseindia.com/content/debt/WDM/FEDERALBNK_30102026120517_SignedSEIntimationRegulation6.pdf)
- [Disclosure under Regulation 7(1) |SUBJECT: Disclosure under Regulation 7(1)](https://nsearchives.nseindia.com/content/debt/WDM/FEDERALBNK_30102026121320_SignedSEIntimationRegulation7.pdf)
- [The Federal Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_309_WebXMLFile_20261028_212622285.xml)
- [The Federal Bank Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_28102026213208_SE_Intimation_Investor_Meet_OnetoOne_28102026_Signed.pdf)
- [The Federal Bank Limited has informed the Exchange about Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Schemes |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_25102026204147_ESOS2010249_2017_250_ESIS_2023_17SE_S.pdf)
- [The Federal Bank Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_309_WebXMLFile_20261025_204840633.xml)
- [The Federal Bank Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_23102026223057_SE_Intimation_Investor_Meet_231026_S.pdf)
- [The Federal Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_309_WebXMLFile_20261023_223831538.xml)

### Bear Case

Federal Bank's technical setup as of November 6, 2026, presents a mixed signal with near-term caution. While the monthly trend remains bullish, the daily chart shows weakening momentum indicators: the ADX is low at 19.47, and the 20-day EMA slope has turned negative (-0.57), suggesting short-term consolidation or pullback pressure. The stock closed at ₹340.10, facing immediate resistance just 0.74% higher at ₹342.62. Furthermore, the stock is currently in an -8.5% drawdown from its recent peak, with a maximum historical drawdown of -15.2%, indicating significant volatility. Downside support levels are clustered closely below, starting at ₹336.88 (0.95% down) and ₹332.77 (2.16% down). A break below these supports could expose further downside toward ₹329.50.

- Daily momentum is weakening with a negative 20-day EMA slope (-0.57) and low ADX (19.47), contrasting with the stronger monthly trend.
- The stock is in an -8.5% current drawdown, testing immediate support at ₹336.88, which lies only 0.95% below the closing price of ₹340.10.
- Resistance is tight, with the first level at ₹342.62 (0.74% above), limiting upside potential without renewed buying volume.

- [The Federal Bank Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_309_WebXMLFile_20261105_145819828.xml)
- [The Federal Bank Limited has informed the Exchange about Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Schemes |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_05112026145405_ESOS2010_-250__2017_251__ESIS_2023_18SE_S.pdf)
- [Disclosure under Regulation 6(1) |SUBJECT: Disclosure under Regulation 6(1)](https://nsearchives.nseindia.com/content/debt/WDM/FEDERALBNK_30102026120517_SignedSEIntimationRegulation6.pdf)
- [Disclosure under Regulation 7(1) |SUBJECT: Disclosure under Regulation 7(1)](https://nsearchives.nseindia.com/content/debt/WDM/FEDERALBNK_30102026121320_SignedSEIntimationRegulation7.pdf)
- [The Federal Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_309_WebXMLFile_20261028_212622285.xml)
- [The Federal Bank Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_28102026213208_SE_Intimation_Investor_Meet_OnetoOne_28102026_Signed.pdf)
- [The Federal Bank Limited has informed the Exchange about Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Schemes |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_25102026204147_ESOS2010249_2017_250_ESIS_2023_17SE_S.pdf)
- [The Federal Bank Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_309_WebXMLFile_20261025_204840633.xml)
- [The Federal Bank Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_23102026223057_SE_Intimation_Investor_Meet_231026_S.pdf)
- [The Federal Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_309_WebXMLFile_20261023_223831538.xml)

### FAQs

**What recent corporate actions have affected Federal Bank's share capital?**

On November 5, 2026, Federal Bank allotted 174,972 equity shares (face value ₹2 each) to employees exercising stock options under ESOS 2010, ESOS 2017, and ESIS 2023 schemes. This increased the paid-up share capital from ₹4,946,010,678 to ₹4,946,360,622, raising the total number of paid-up shares from 2,473,005,339 to 2,473,180,311.

**How has Federal Bank performed over the past year compared to its current trend?**

The stock has gained +44.2% over the last year and is up +27.7% year-to-date as of November 6, 2026. Recent momentum shows a +6.3% return over the past month and a +6.0% gain over the last 20 days, with the monthly technical trend remaining bullish despite a -3.8% decline over the previous three months.

**What are the key price levels to monitor for Federal Bank today?**

As of November 6, 2026, the stock closed at ₹340.10. Immediate resistance is noted at ₹342.62 (+0.74%), while support lies at ₹336.88 (-0.95%). The stock is currently trading within a range bounded by a maximum drawdown of -15.2% historically, with an annualized volatility of +24.8%.

- [The Federal Bank Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_309_WebXMLFile_20261105_145819828.xml)
- [The Federal Bank Limited has informed the Exchange about Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Schemes |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_05112026145405_ESOS2010_-250__2017_251__ESIS_2023_18SE_S.pdf)
- [Disclosure under Regulation 6(1) |SUBJECT: Disclosure under Regulation 6(1)](https://nsearchives.nseindia.com/content/debt/WDM/FEDERALBNK_30102026120517_SignedSEIntimationRegulation6.pdf)
- [Disclosure under Regulation 7(1) |SUBJECT: Disclosure under Regulation 7(1)](https://nsearchives.nseindia.com/content/debt/WDM/FEDERALBNK_30102026121320_SignedSEIntimationRegulation7.pdf)
- [The Federal Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_309_WebXMLFile_20261028_212622285.xml)
- [The Federal Bank Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_28102026213208_SE_Intimation_Investor_Meet_OnetoOne_28102026_Signed.pdf)
- [The Federal Bank Limited has informed the Exchange about Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Schemes |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_25102026204147_ESOS2010249_2017_250_ESIS_2023_17SE_S.pdf)
- [The Federal Bank Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_309_WebXMLFile_20261025_204840633.xml)
- [The Federal Bank Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/FEDERALBNK_23102026223057_SE_Intimation_Investor_Meet_231026_S.pdf)
- [The Federal Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_309_WebXMLFile_20261023_223831538.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹336.88
- Risk regime: Price Risk Currently Contained

### Support levels
- 329.5
- 322.275
- 315.975

### Resistance levels
- 356.225
- 364.2
- 371.7

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.47% |
| return_10 | -0.23% |
| return_1m | +6.28% |
| return_1y | +44.21% |
| return_20 | +5.95% |
| return_3m | -3.80% |
| return_5 | +0.12% |
| return_6m | +16.08% |
| return_since_start | +69.62% |
| return_ytd | +27.74% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -15.17% |
| annualized_volatility | +24.81% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# The Federal Bank Limited Q2 FY2026-27: Attributable profit up 19% QoQ

The Federal Bank reported consolidated profit attributable after minority interest and associates of ₹1,499 crore in Q2 FY2026-27, up 19.3% from Q1 and 51.1% year on year. Pre-provision operating profit rose 18.2% sequentially, while the gross NPA ratio declined to 1.32% from 1.52% in Q1.

Income grew 10.7% QoQ, led by a 40.6% increase in other income, but operating expenses rose faster at 14.4%. The earnings improvement was accompanied by lower reported NPA measures; expense growth remains a key counterpoint.

## Income and balance-sheet growth

Consolidated income increased 10.7% QoQ to ₹9,903 crore. Interest earned rose 6.6% to ₹8,383 crore, and other income climbed 40.6% to ₹1,521 crore. Interest expended increased 5.4% to ₹4,783 crore.

At 30 September 2026, advances were ₹3,12,823 crore and deposits were ₹3,42,189 crore. At 31 March 2026, the corresponding balances were ₹2,77,381 crore and ₹3,13,491 crore.

## Costs and pre-provision operating profit

Operating expenses rose 14.4% QoQ to ₹2,645 crore, outpacing the 10.7% increase in income. Employee costs increased 12.5% to ₹1,204 crore, while other operating expenses rose 16.1% to ₹1,441 crore.

Despite faster expense growth, operating profit before provisions and contingencies increased 18.2% to ₹2,475 crore from ₹2,094 crore in Q1. It was 39.8% higher than the ₹1,770 crore reported in Q2 FY2025-26.

## Asset quality and provisions

Provisions other than tax and contingencies were ₹353 crore, broadly unchanged from ₹353 crore in Q1 and lower than ₹397 crore in Q2 FY2025-26. Gross NPAs declined to ₹3,990 crore from ₹4,282 crore in Q1 and ₹4,532 crore a year earlier. The gross NPA ratio fell to 1.32%, versus 1.52% in Q1 and 1.83% in Q2 FY2025-26.

Net NPAs eased to ₹492 crore from ₹506 crore in Q1 and ₹1,165 crore a year earlier. The net NPA ratio was 0.17%, down from 0.18% in Q1 and 0.48% in Q2 FY2025-26.

## Profit, tax and per-share outcomes

Profit before tax increased 21.9% QoQ to ₹2,122 crore. Profit after tax rose 20.5% to ₹1,564 crore. After minority interest and associates, attributable profit was ₹1,499 crore, compared with ₹1,256 crore in Q1 and ₹992 crore in Q2 FY2025-26.

Tax expense rose 25.8% QoQ to ₹558 crore, while minority interest increased to ₹70 crore from ₹46 crore. Diluted EPS was ₹5.82, up from ₹4.91 in Q1 and ₹4.00 a year earlier. Return on assets was 0.33%, compared with 0.30% in Q1 and 0.27% in Q2 FY2025-26.

## Capital position

The CET1 ratio stood at 15.76% at 30 September 2026, compared with 15.89% in Q1 and 14.37% in Q2 FY2025-26. Reserves and surplus were ₹43,454 crore at quarter-end, up from ₹40,619 crore at 31 March 2026.

## Key Takeaway

Federal Bank combined higher attributable profit and pre-provision operating profit with improving reported asset-quality measures. Income growth supported the quarter, but operating expenses grew faster than income, keeping cost growth an important factor in assessing the durability of earnings improvement.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +0.00%
- FII holding: +28.54%
- DII holding: +49.28%
- Mutual fund holding: +37.69%
- Retail holding: +11.19%
- Promoter pledged: +0.00%

### Major reported shareholders

- HDFC MUTUAL FUND-HDFC ARBITRAGE FUND — +6.58%
- INTERNATIONAL FINANCE CORPORATION — +3.82%
- YUSUFFALI MUSALIAM VEETTIL ABDUL KADER — +3.13%
- AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS NIFTY500 LOW VOLA — +2.97%
- INVESCO INDIA SMALL CAP FUND — +2.95%
- NIPPON LIFE INDIA TRUSTEE LTD.A/C NIPPON INDIA NIFTY 500 MOMENTUM 50 INDEX FUND — +2.74%
- KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK NIFTY BANK INDEX FUND — +2.71%
- ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA BIRLA SUN LIFE ARBITRAGE FUND — +2.65%
- SBI NIFTY200 VALUE 30 ETF — +2.65%
- HSBC MUTUAL FUND - REDHEX HYBRID LONG - SHORT FUN — +2.58%

## Official filings

- 2026-11-07 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FEDERALBNK_07112026152128_SE_Intimation_Newspaper_publication_regarding_special_window-S.pdf)
- 2026-11-05 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_309_WebXMLFile_20261105_145819828.xml)
- 2026-11-05 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FEDERALBNK_05112026145405_ESOS2010_-250__2017_251__ESIS_2023_18SE_S.pdf)
- 2026-10-30 — Generic Announcement: The Federal Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/FEDERALBNK_30102026120517_SignedSEIntimationRegulation6.pdf)
- 2026-10-30 — Generic Announcement: The Federal Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/FEDERALBNK_30102026121320_SignedSEIntimationRegulation7.pdf)
- 2026-10-28 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_309_WebXMLFile_20261028_212622285.xml)
- 2026-10-28 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FEDERALBNK_28102026213208_SE_Intimation_Investor_Meet_OnetoOne_28102026_Signed.pdf)
- 2026-10-25 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FEDERALBNK_25102026204147_ESOS2010249_2017_250_ESIS_2023_17SE_S.pdf)
- 2026-10-25 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_309_WebXMLFile_20261025_204840633.xml)
- 2026-10-23 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FEDERALBNK_23102026223057_SE_Intimation_Investor_Meet_231026_S.pdf)
- 2026-10-23 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_309_WebXMLFile_20261023_223831538.xml)
- 2026-10-22 — Generic Announcement: The Federal Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/FEDERALBNK_22102026231556_SE_Intimation_Record_date.pdf)
- 2026-10-21 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FEDERALBNK_21102026215040_SE_Intimation_Investor_Meet_211026_S.pdf)
- 2026-10-21 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_309_WebXMLFile_20261021_215433117.xml)
- 2026-10-19 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- 2026-10-19 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FEDERALBNK_19102026152318_NSE_Clarification_S.pdf)
- 2026-10-19 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FEDERALBNK_19102026201956_SE_Intimation_Investor_Meet_191026_S.pdf)
- 2026-10-19 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_309_WebXMLFile_20261019_203305640.xml)
- 2026-10-17 — Shareholding Disclosure: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1740825_17102026042848_WEB.xml)
- 2026-10-17 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FEDERALBNK_17102026172828_FBL_Newspaper_Q2_S.pdf)
- 2026-10-16 — Management Change: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FEDERALBNK_16102026110353_Appointment_of__Mr_Varrier_161026_S.pdf)
- 2026-10-16 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_309_WebXMLFile_20261016_112821040.xml)
- 2026-10-16 — Generic Announcement: The Federal Bank  Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FEDERALBNK_16102026132028_FBL_BM_Outcome_Q2_S.pdf)
- 2026-10-16 — Generic Announcement: The Federal Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/FEDERALBNK_16102026132442_SE_Intimation_Utilization_Certificate_2_S.pdf)
- 2026-10-16 — Generic Announcement: The Federal Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/FEDERALBNK_16102026132220_SE_Intimation_Securiry_Cover_1_S.pdf)

## News and market events

- 2026-10-26 — Mint: **Mind-boggling Monday at Indian stock markets: Sensex, Nifty mirror life’s ups and downs — October 26 trade details** — The Nifty 50 opened lower at 22,524, and the sell-off accelerated at the opening bell, dragging the index towards 22,387 before it staged a sharp recovery. Supported by gains in financial stocks, the index closed 0.68% higher at 22,735. The Sensex also ended the session 0.66% higher at 73,606. — [Source](https://www.livemint.com/market/stock-market-news/mindboggling-monday-at-indian-stock-markets-sensex-nifty-mirror-life-s-ups-and-downs-october-26-trade-details-11793005870431.html)
- 2026-10-26 — BUSINESSTODAY: **Federal Bank, Persistent, Bharti Hexacom, FSL among top stocks to buy; check fresh target prices** — Amid the ongoing wild moves in the Indian equity markets, select domestic brokerage firms like SMC Global Securities and Canara Bank Securities have suggested select stocks including Federal Bank, Persistent Systems Ltd, Bharti Hexacom and Firstsource Solutions Ltd to make quick gains in the short-term citing their strong technical parameters. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/federal-bank-persistent-bharti-hexacom-fsl-among-top-stocks-to-buy-check-fresh-target-prices-563569-2026-10-26)
- 2026-10-23 — The Hindu: **Sensex today | Stock Market Live: Stock to buy today: Federal Bank (347) – BUY** — Sensex, Nifty, Share Prices LIVE: Federal Bank share price can higher to ₹400 — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-23rd-october-2026/article71611889.ece)
- 2026-10-23 — The Hindu: **Stock to buy today: Federal Bank (347) – BUY** — Federal Bank stock shows a bullish short-term outlook with potential move to ₹400, offering buy guidance, targets, and stop-loss levels. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/stock-to-buy-today-federal-bank-347-buy/article71611378.ece)
- 2026-10-22 — Mint: **Top 2 stocks to buy tomorrow: Federal Bank, Indian Hotel by market expert; check stop-loss, target price for Fri, 23 Oct** — Indian equities fell for a third straight session on 21 October as Middle East tensions pushed oil to $112 a barrel and stoked inflation concerns. The Nifty lost 0.54% and Sensex 0.62%. Analyst Chandan Taparia recommended Federal Bank and Indian Hotels, with respective targets of ₹368 and ₹830. — [Source](https://www.livemint.com/market/stock-market-news/top-2-stocks-to-buy-tomorrow-federal-bank-indian-hotel-by-market-expert-check-stop-loss-target-price-for-fri-23-oct-11792669540014.html)
- 2026-10-19 — CNBC-TV18: **FIIs sell ₹1,149 crore, DIIs buy ₹3,201 crore as market ends lower** — Foreign investors sell ₹12,389 crore worth of equities against purchases of ₹11,241 crore, while domestic institutions buy ₹14,781 crore and sell ₹11,580 crore. Sensex falls 876 points and Nifty closes below 22,900. — [Source](https://www.cnbctv18.com/market/fiis-sell-rs1149-crore-diis-buy-rs3201-crore-as-market-ends-lower-20015242.htm)
- 2026-10-19 — The Hindu: **Sensex today | Stock Market Highlights: Sensex, Nifty close over 1% lower; private bank, IT stocks push markets lower** — Sensex, Nifty, Share Prices : Markets closed over 1 per cent lower on Monday as losses in private banks and IT stocks overwhelmed gains in metals and public-sector lenders. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-19th-october-2026/article71600731.ece)
- 2026-10-19 — MONEYCONTROL: **Jana SFB shares fall 13% to hit 6-month low as Federal Bank says no plan to buy stake** — Jana SFB shares, Jana SFB share price today news, Jana SFB shares nse — [Source](https://www.moneycontrol.com/news/business/markets/jana-sfb-shares-fall-13-to-hit-6-month-low-as-federal-bank-says-no-plan-to-buy-stake-14055562.html)
- 2026-10-19 — MONEYCONTROL: **Hold Federal Bank; target of Rs 330: ICICI Securities** — ICICI Securities, hold, Federal Bank, Recommendations — [Source](https://www.moneycontrol.com/news/business/earnings/hold-federal-bank-target-of-rs-330-icici-securities-14055478.html)
- 2026-10-19 — MONEYCONTROL: **Buy Federal Bank; target of Rs 385: Motilal Oswal** — Federal Bank, Motilal Oswal, Recommendations, Buy — [Source](https://www.moneycontrol.com/news/business/buy-federal-bank-target-of-rs-385-motilal-oswal-14055334.html)
- 2026-10-19 — MONEYCONTROL: **Buy Federal Bank; target of Rs 420: Emkay Global Financial** — Emkay Global Financial, Federal Bank, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/earnings/buy-federal-bank-target-of-rs-420-emkay-global-financial-14055305.html)
- 2026-10-19 — BUSINESSTODAY: **Federal Bank shares rise 5% as NPAs hit decadal low, brokerages on price targets** — Federal Bank Q2 earnings, Federal Bank Q2 net profit, Federal Bank Q2 profit, Federal Bank asset quality, Federal Bank NPAs — [Source](https://www.businesstoday.in/markets/stocks/story/federal-bank-shares-rise-as-npas-hit-decadal-low-brokerages-on-price-targets-562396-2026-10-19)
- 2026-10-19 — MONEYCONTROL: **Buy Federal Bank; target of Rs 400: Prabhudas Lilladher** — Prabhudas Lilladher, Federal Bank, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-federal-bank-target-of-rs-400-prabhudas-lilladher-14055135.html)
- 2026-10-19 — FEEDS: **From LTM To Angel One: HDFC Securities Sees Up To 30% Upside After Q2 Results; Check Target Prices** — Angel One, L&T Finance, LTM and Federal Bank are in focus after their Q2 FY27 earnings as HDFC Securities sees further upside across the four stocks. — [Source](https://www.ndtvprofit.com/markets/ltm-federal-bank-l-t-finance-angel-one-in-focus-after-q2-results-hdfc-securities-sees-up-to-30-percent-upside-details-inside-12204546)
- 2026-10-19 — MONEYCONTROL: **Federal Bank Q2 FY27: Steady quarter, FCNR(B) boost business growth** — MCPro, Moneycontrol Research, Stock Recommendation, Federal Bank Q2FY27 — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/federal-bank-q2-fy27-steady-quarter-fcnr-b-boost-business-growth-14055053.html)
- 2026-10-18 — The Hindu: **Farm loans lose share in banks’ credit books as lenders turn cautious on rural exposure** — Banks and NBFCs pull back on farm lending amid rainfall, El Niño uncertainty, with agri loans underperforming even as some lenders grow farming credit. — [Source](https://www.thehindubusinessline.com/money-and-banking/farm-loans-lose-share-in-banks-credit-books-as-lenders-turn-cautious-on-rural-exposure/article71600299.ece)
- 2026-10-18 — Times of India: **Private banks’ profits rise, large lenders see margin pressure** — img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/135022751.cms" / — [Source](https://timesofindia.indiatimes.com/business/india-business/private-banks-profits-rise-large-lenders-see-margin-pressure/articleshow/135022751.cms)
- 2026-10-17 — Times of India: **Federal Bank appoints Cognizant executive Rajesh Varrier as independent director** — Private sector lender Federal Bank has appointed Rajesh Varrier, Executive Vice President at Cognizant, as an Additional Director in the capacity of a — [Source](https://timesofindia.indiatimes.com/technology/tech-news/federal-bank-appoints-cognizant-executive-rajesh-varrier-as-independent-director/articleshow/135018330.cms)
- 2026-10-17 — MONEYCONTROL: **Federal Bank appoints Cognizant India CMD Rajesh Varrier as independent director** — Federal Bank, Cognizant India, Rajesh Varrier — [Source](https://www.moneycontrol.com/news/business/federal-bank-appoints-cognizant-india-cmd-rajesh-varrier-as-independent-director-14054569.html)
- 2026-10-17 — Economic Times: **Federal Bank appoints Cognizant’s Rajesh Varrier as independent director** — Federal Bank has appointed Rajesh Varrier as a non-executive independent director on its board. This decision follows the announcement of the bank's impressive financial results for the September quarter. Varrier serves as president of global operations at Cognizant and brings extensive management experience. The bank reported a significant rise in net profit and net interest income in comparison to last year. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/federal-bank-appoints-cognizants-rajesh-varrier-as-independent-director/articleshow/134992891.cms)
- 2026-10-16 — CNBC-TV18: **FIIs return to buying Indian stocks with ₹1,166 crore net inflows; DIIs sell ₹3,661 crore** — Foreign investors returned to net buying after Thursday’s sell-off, while IT stocks led the market rally and domestic institutions booked net outflows. — [Source](https://www.cnbctv18.com/market/fiis-return-to-buying-indian-stocks-with-rs1166-crore-net-inflows-diis-sell-rs3661-crore-20013872.htm)
- 2026-10-16 — The Hindu: **Federal Bank Q2 profit jumps 45% to record ₹1,386 crore** — Federal Bank Q2 profit soars 45% to ₹1,386 crore with improved asset quality, higher income, and strong deposits. — [Source](https://www.thehindu.com/business/federal-bank-q2-profit-jumps-45-to-record-1386-crore/article71592134.ece)
- 2026-10-16 — BUSINESSTODAY: **Federal Bank Q2 earnings: Net profit at record high, asset quality improves** — Federal Bank Q2 earnings, Federal Bank Q2 net profit, Federal Bank Q2 profit, Federal Bank asset quality, Federal Bank NPAs — [Source](https://www.businesstoday.in/markets/stocks/story/federal-bank-q2-earnings-net-profit-at-record-high-asset-quality-improves-562139-2026-10-16)
- 2026-10-16 — The Hindu: **Q2 Results Highlights, 16th Oct: Urban Company’s loss widens; Bajaj Housing Finance PAT rises 18%; PNB, DLF, Oberoi, Crompton Greaves, Ujjivan SFB and Federal Bank post profit growth** — Q2 Results Highlights, 16th October 2026: Find all the latest Q2 results 2026 updates of Amal, Artson, Aurum PropTech, Bajaj Housing Finance, Benares Hotels, Bright Outdoor Media, Citi Port Financial Services, Crompton Greaves Consumer Electricals, DLF, E2E Networks, Federal Bank, Gujarat Hotels, HOMRE, Himadri Speciality Chemical, Indo Rama Synthetics (India), Jayaswal Neco Industries, Jindal Saw, LTM, Modison-$, Oberoi Realty, Onward Technologies, Paushak, Punjab National Bank, Raghav Producti... — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-highlights-urban-company-wipro-tech-mahindra-jio-dlf-ltm-oberoi-realty-punjab-national-bank-ujjivan-sfb-himadri-speciality-chemical-fedreal-bank-results-nestle-irfc-hdfc-iifl/article71587596.ece)
- 2026-10-16 — The Hindu: **Stock Market Highlights, Oct 16: Sensex gains 413 pts, Nifty ends at 23,146 led by IT stocks** — Sensex Today, Nifty 50 | Stock Market Highlights: Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 16th October 2026. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-16-october-2026/article71587755.ece)

## Business profile

**Strategic vision:** Indian commercial bank focused on digital innovation and inclusive finance.

### Business segments
- **Commercial Banking:** Federal Bank operates as a commercial bank serving personal, NRI, and business segments across urban and rural India.
- **Fedbank Financial Services Limited (FedFina):** FedFina is the non-banking financial arm providing various loan products, including working capital loans against mortgaged property and gold.
- **Equirus Capital Private Limited:** This associate entity is involved in investment banking activities such as IPO management and debt facilities.

### Competitive strengths
- Established operational and technology subsidiaries for service excellence and cost efficiencies.
- A public charitable trust dedicated to promoting banking knowledge and awareness.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/federalbnk
Markdown representation: https://faxioms.com/stocks/federalbnk?render=md