After a hurried reaction to results and Federal Bank stock falling over five per cent on Wednesday, some recovery was visible a day later. On Thursday, as the Street got a better handle of numbers, the bank's stock recovered almost 3 per cent.
But beyond the headline numbers, Federal Bank’s September quarter (Q2) numbers have some important takeaways.
Firstly, with 24 per cent year-on-year increase in retail loans, this segment will remain the growth anchor for Federal Bank and possibly for the banking system. Growth was led by newer sub-segments such as personal and auto loans where the book grew