FEDERALBNK2024-01-012024-03-31 FEDERALBNK2024-01-012024-03-31 FEDERALBNK2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member FEDERALBNK2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member FEDERALBNK2024-03-31 FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue03Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue04Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue05Member FEDERALBNK2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member FEDERALBNK2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member FEDERALBNK2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue03Member FEDERALBNK2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue04Member FEDERALBNK2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue05Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults03Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults04Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults05Member FEDERALBNK2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member FEDERALBNK2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member FEDERALBNK2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults03Member FEDERALBNK2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults04Member FEDERALBNK2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults05Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets03Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets04Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets05Member FEDERALBNK2024-03-31 FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member FEDERALBNK2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member FEDERALBNK2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member FEDERALBNK2024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities04Member FEDERALBNK2024-03-31in-bse-fin:OneReportableSegmentLiabilities04Member FEDERALBNK2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities05Member FEDERALBNK2024-03-31in-bse-fin:OneReportableSegmentLiabilities05Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500469 FEDERALBNK NOTLISTED INE171A01029 The Federal Bank Limited Banking Format Equity 2023-04-01 2024-03-31 2024-05-02 2024-04-22 INR Lakhs Yearly Multi segment 12:00:00 12:30:00 2024-05-02 2024-05-02 true Cash Flow Indirect Declaration of unmodified opinion 2024-01-01 2024-03-31 Audited Consolidated 50995400000.00 10308200000.00 983700000.00 1104900000.00 63392200000.00 8099000000.00 71491200000.00 39363400000.00 9853300000.00 10079400000.00 19932700000.00 59296100000.00 12195100000.00 -765300000.00 0.00 12960400000.00 3236500000.00 9723900000.00 0.00 9723900000.00 237800000.00 253800000.00 9707900000.00 4870700000.00 2.00 0.00 0.1482 0.00 3.99 3.94 3.99 3.94 46772900000.00 13655500000.00 0.0211 0.0063 0.0031 1. The above Consolidated Audited Financial Results for the quarter and year ended March 31, 2024 were approved by the Board of Directors at its meeting held on May 02, 2024. These financial results have been subjected to audit by the Joint Statutory Auditors of the Bank and an unmodified audit opinion has been issued. 2. 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. 3. 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 associates viz. Ageas Federal Life Insurance Company Limited & Equirus Capital Private Limited. 4. There has been no material change in the accounting policies applied in the preparation of these financial results with those followed in the annual financial statements for the year ended March 31, 2023. 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 on sale of investments (net), profit / loss on revaluation of investments, recoveries from advances written off, etc. 6. The Capital Adequacy Ratio is computed on the basis of Reserve Bank of India (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. As per extant RBI guidelines, banks are required to make Pillar 3 disclosures including leverage ratio , liquidity coverage ratio and Net Stable Funding Ratio (NSFR) under the Basel III framework. Accordingly, such applicable disclosures have been placed on the website of the Bank which can be accessed at the following link: https://www.federalbank.co.in/regulatory-disclosures. These disclosures have not been subjected to audit or review by the Joint Statutory Auditors of the Bank. 8. During the quarter and half year ended September 30, 2023, the Bank had issued 230,477,634 equity shares of Rs. 2 each for cash pursuant to a Qualified Institution Placement (QIP) as per the relevant provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 at Rs. 131.90 per share aggregating to Rs. 304,000.00 Lakhs (including share premium). This resulted in an increase of Rs. 4,609.55 Lakhs in Share Capital and Rs. 295,416.80 Lakhs (net of issue expenses) in share premium account. 2023-04-01 2024-03-31 Audited Consolidated 191013000000.00 36857000000.00 3388700000.00 4396000000.00 235654700000.00 32164800000.00 267819500000.00 144946700000.00 31797000000.00 35870000000.00 67667000000.00 212613700000.00 55205800000.00 2595800000.00 0.00 52610000000.00 13334700000.00 39275300000.00 0.00 39275300000.00 365100000.00 836100000.00 38804300000.00 4870700000.00 2.00 296132800000.00 0.00 0.1482 0.00 16.76 16.55 16.76 16.55 46772900000.00 13655500000.00 0.0211 0.0063 0.0132 Other operating expenses 10079400000.00 Other operating expenses 35870000000.00 4870700000.00 304387600000.00 2524550200000.00 251596200000.00 92984800000.00 3178389500000.00 115091100000.00 76847100000.00 610431200000.00 2181102800000.00 10630400000.00 184286900000.00 3178389500000.00 9. During the quarter and nine months ended December 31, 2023, the Bank had issued 72,682,048 equity shares of Rs. 2 each for cash pursuant to a Preferential Allotment as per the relevant provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 at Rs. 131.91 per share aggregating to Rs. 95,874.89 Lakhs (including share premium). This resulted in an increase of Rs. 1,453.64 Lakhs in share capital and Rs. 94,361.59 Lakhs (net of issue expenses) in share premium account. 10. The Board of Directors have recommended a dividend of 60% i.e. Rs. 1.20/- per equity share on face value of Rs. 2.00/- each for the year 2023-24 (Previous Year Rs. 1.00/- per equity share) subject to the approval of the members at the ensuing Annual General Meeting. In terms of Accounting Standard (AS) 4 Contingencies and Events Occurring after the Balance Sheet Date the Bank has not appropriated proposed dividend aggregating to Rs. 29,224.22 Lakhs from the profit and loss account for the year ended March 31, 2024. However the effect of the proposed dividend has been reckoned in determining capital funds in the computation of Capital Adequacy Ratio as on March 31, 2024. 11. The 12th Bipartite Settlement for wage revision between staff unions and Banks represented by Indian Bank’s Association (IBA) was due from November 01, 2022. The negotiation was concluded on March 08, 2024, and the joint note for wage revision detailing the salary components and other terms were signed between staff unions and IBA. The bank has created an incremental provision of Rs. 16,220.55 lakhs during the quarter ended March 31, 2024, towards the final increase on payslip components agreed as per the joint note. 12. 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. 13. The figures for the quarter and year ended March 31, 2023 were audited by previous Joint Statutory Auditors. 14. Previous period's figures have been regrouped / reclassified, wherever necessary to conform to current period's classification. Corporate/Wholesale Banking 19420700000.00 Other Banking operations 887100000.00 Retail Banking - Digital Banking 4445200000.00 Retail Banking - Other Retail Banking 37599200000.00 Treasury 9122500000.00 Corporate/Wholesale Banking 71678500000.00 Other Banking operations 2830700000.00 Retail Banking - Digital Banking 15010300000.00 Retail Banking - Other Retail Banking 142778100000.00 Treasury 35465500000.00 71474700000.00 267763100000.00 0.00 0.00 71474700000.00 267763100000.00 Corporate/Wholesale Banking 4263100000.00 Other Banking operations 700900000.00 Retail Banking - Digital Banking 754600000.00 Retail Banking - Other Retail Banking 6410900000.00 Treasury 814400000.00 Corporate/Wholesale Banking 16174100000.00 Other Banking operations 2180500000.00 Retail Banking - Digital Banking 2255900000.00 Retail Banking - Other Retail Banking 25921400000.00 Treasury 6021800000.00 12943900000.00 52553700000.00 0.00 0.00 -16500000.00 -56300000.00 12960400000.00 52610000000.00 Corporate/Wholesale Banking 1107945000000.00 Other Banking operations 50800000.00 Retail Banking - Digital Banking 68129600000.00 Retail Banking - Other Retail Banking 1287836300000.00 Treasury 633883500000.00 3097845200000.00 80544300000.00 80544300000.00 3178389500000.00 Corporate/Wholesale Banking 320051000000.00 Other Banking operations 35600000.00 Retail Banking - Digital Banking 162632800000.00 Retail Banking - Other Retail Banking 2037469500000.00 Treasury 296425700000.00 2816614600000.00 52516600000.00 52516600000.00 2869131200000.00 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 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. 0.00 4071300000.00 0.00 0.00 0.00 15800000.00 -1075400000.00 -471000000.00 0.00 0.00 2540700000.00 0.00 -366168100000.00 -36654700000.00 394665100000.00 28242300000.00 2306900000.00 22391500000.00 24932200000.00 77542200000.00 0.00 0.00 0.00 13230500000.00 0.00 64311700000.00 0.00 0.00 64311700000.00 0.00 0.00 991100000.00 86906300000.00 0.00 0.00 0.00 0.00 110800000.00 3279200000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -89083600000.00 0.00 0.00 -89083600000.00 43938800000.00 0.00 2000000000.00 0.00 9023600000.00 2349100000.00 0.00 0.00 4142700000.00 38708800000.00 0.00 0.00 38708800000.00 13936900000.00 -38000000.00 13898900000.00 178039300000.00 191938200000.00