FEDERALBNK2020-01-012020-03-31in-bse-fin:OneOperatingExpenses01Member FEDERALBNK2020-01-012020-03-31in-bse-fin:FourOperatingExpenses01Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentRevenue01Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentRevenue02Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentRevenue03Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentRevenue04Member FEDERALBNK2020-01-012020-03-31in-bse-fin:FourReportableSegmentRevenue01Member FEDERALBNK2020-01-012020-03-31in-bse-fin:FourReportableSegmentRevenue02Member FEDERALBNK2020-01-012020-03-31in-bse-fin:FourReportableSegmentRevenue03Member FEDERALBNK2020-01-012020-03-31in-bse-fin:FourReportableSegmentRevenue04Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentResults01Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentResults02Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentResults03Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentResults04Member FEDERALBNK2020-01-012020-03-31in-bse-fin:FourReportableSegmentResults01Member FEDERALBNK2020-01-012020-03-31in-bse-fin:FourReportableSegmentResults02Member FEDERALBNK2020-01-012020-03-31in-bse-fin:FourReportableSegmentResults03Member FEDERALBNK2020-01-012020-03-31in-bse-fin:FourReportableSegmentResults04Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentAssets01Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentAssets02Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentAssets03Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentAssets04Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentLiabilities01Member FEDERALBNK2020-03-31in-bse-fin:OneReportableSegmentLiabilities01Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentLiabilities02Member FEDERALBNK2020-03-31in-bse-fin:OneReportableSegmentLiabilities02Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentLiabilities03Member FEDERALBNK2020-03-31in-bse-fin:OneReportableSegmentLiabilities03Member FEDERALBNK2020-01-012020-03-31in-bse-fin:OneReportableSegmentLiabilities04Member FEDERALBNK2020-03-31in-bse-fin:OneReportableSegmentLiabilities04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares FEDERALBNK The Federal Bank Limited 2019-04-01 2020-03-31 INR Yearly Declaration of unmodified opinion 2020-03-31 Audited Standalone 27243500000.00 5652900000.00 468600000.00 603400000.00 33968400000.00 7111100000.00 41079500000.00 21808300000.00 5190600000.00 4487400000.00 9678000000.00 31486300000.00 9593200000.00 5675000000.00 0.00 3918200000.00 905900000.00 3012300000.00 0.00 3012300000.00 3012300000.00 3985300000.00 2.00 0.00 0.1329 0.00 1.51 1.50 1.51 1.50 35308300000.00 16071700000.00 0.0284 0.0131 0.0017 1.tThe above Financial Results for the quarter and year ended March 31, 2020 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 28, 2020. These Results have been subjected to “Audit” by the Statutory Central Auditors of the Bank and an unqualified report has been issued by them. n2.tThe Bank has consistently applied its significant accounting policies in the preparation of the quarterly financial results and its annual financial statements during the years ended March 31, 2020 and March 31, 2019. n3.tThe working results have been arrived at after considering provision for standard assets, including requirements for exposures to entities with Unhedged Foreign Currency Exposures, non-performing assets (NPAs), depreciation on investments, income-tax and other usual and necessary provisions. n4.tOther 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), recoveries from advances written off etc. n5.tDuring the quarter ended June 30, 2018, as per RBI Circular, the Bank had exercised the option of spreading the provision for Mark to Market (MTM) losses of ` 5,893.97 Lakhs equally over 4 quarters and accordingly unamortised MTM losses of ` 4,420.48 Lakhs were deferred to be amortised in remaining quarters of FY 2019, which was fully amortised in FY 2019. n6.tThe Capital Adequacy Ratio is computed on the basis of 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. n7.tThe Business operations of the Bank are largely concentrated in India and for the purpose of Segment reporting, the bank is considered to operate only in domestic segment, though the bank has its operations in International Finance Service Centre (IFSC) Banking Unit in Gujarat International Finance Tec-city (GIFT). The business conducted from the same is considered as part of Indian operations. n8.tDuring the quarter and year ended March 31, 2020, the Bank has allotted 386,640 and 7,612,869 equity shares of ` 2 each, pursuant to the exercise of stock options by employees. 2020-03-31 Audited Standalone 106708700000.00 21840700000.00 1399600000.00 2158500000.00 132107500000.00 19314100000.00 151421600000.00 85618500000.00 17723600000.00 16032500000.00 33756100000.00 119374600000.00 32047000000.00 11721700000.00 0.00 20325300000.00 4897500000.00 15427800000.00 0.00 15427800000.00 15427800000.00 3985300000.00 2.00 141140700000.00 0.00 0.1329 0.00 7.76 7.70 7.76 7.70 35308300000.00 16071700000.00 0.0284 0.0131 0.0094 Other expenses 4487400000.00 Other expenses 16032500000.00 Note Continuation n9.tDuring the quarter ended September 30, 2019, the Bank had elected to exercise the option permitted under section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance, 2019. Accordingly, the Bank has recognised Provision for Income Tax for quarter and year ended March 31, 2020 and re-measured its Deferred tax liability, basis the rate prescribed in the aforesaid section and recognized the effect of change by revising the annual effective income tax rate. n10.tIn accordance with RBI Circular DBR.No.BP.BC.1/21.06.201/2015-16 on Basel III Capital Regulations dated July 01, 2015 and RBI Circular DBR.No.BP.BC.80/21.06.201/2014-15 dated March 31, 2015 - 'Prudential Guidelines on Capital Adequacy and Liquidity Standards - Amendments', Banks are required to make Pillar 3 disclosure requirements including Leverage Ratio disclosure requirements that are to be made along with the publication of Financial Results. Accordingly, such applicable disclosures have been placed on the website of the Bank which can be accessed at the following link: http://www.federalbank.co.in/regulatory-disclosures. These disclosures have not been subjected to audit or review by the Statutory Central Auditors of the Bank. n11.tThe SARS-CoV-2 virus responsible for COVID-19 continues to spread across the globe and India, which has contributed to a significant volatility in global and Indian Financial markets and a significant decrease in the global and local economic activities. COVID-19 outbreak was declared as a global pandemic on March 11, 2020 by World Health Organisation. The Government of India had announced a series of lock-down measures on March 24, 2020 which has been extended from time to time up to May 31, 2020. The recent directions from the Government indicates calibrated and gradual withdrawal of lockdown and partial resumption of economic activities, though major economic centres still continue to be under strict lockdown. The extent to which the COVID-19 pandemic will impact the Bank’s results will depend on future developments, which are highly uncertain, including among other things, any new information concerning the severity of the COVID-19 pandemic and action to contain its spread or mitigate its impact whether government mandated or elected by the Bank. The Bank’s capital and liquidity position is strong and would continue to be the focus area for the Bank during this period. n nIn accordance with the 'COVID-19 Regulatory Packages' announced by the RBI on March 27, 2020 and April 17, 2020 (‘the RBI guidelines’), with regard to providing relief to borrowers’ on account of COVID-19 pandemic whose accounts were standard as on February 29, 2020 , the Bank, in accordance with the Board approved policy had offered moratorium on repayment of loan instalments and/or deferment of interest due between March 1, 2020 and May 31, 2020 including relaxation in certain parameters, to all eligible borrowers, without considering the same as restructuring. Further on May 22, 2020, RBI has permitted the Banks to extend such benefits to eligible borrowers for another three months, from June 1, 2020 to August 31, 2020. Corporate/ wholesale Banking 13952700000.00 Other Banking operations 771300000.00 Retail Banking 16131900000.00 Treasury 10223600000.00 Corporate/ wholesale Banking 56232700000.00 Other Banking operations 2840800000.00 Retail Banking 60927200000.00 Treasury 31420900000.00 41079500000.00 151421600000.00 0.00 0.00 41079500000.00 151421600000.00 Corporate/ wholesale Banking -3568000000.00 Other Banking operations 196800000.00 Retail Banking 3634900000.00 Treasury 3903300000.00 Corporate/ wholesale Banking -3287900000.00 Other Banking operations 381700000.00 Retail Banking 15606100000.00 Treasury 8220000000.00 4167000000.00 20919900000.00 0.00 0.00 248800000.00 594600000.00 3918200000.00 20325300000.00 Corporate/ wholesale Banking 626476400000.00 Other Banking operations 37500000.00 Retail Banking 666970900000.00 Treasury 418324300000.00 1711809100000.00 94571400000.00 94571400000.00 1806380500000.00 Corporate/ wholesale Banking 602410100000.00 Other Banking operations 2400000.00 Retail Banking 642143600000.00 Treasury 407536100000.00 1652092200000.00 9112200000.00 9112200000.00 1661204400000.00 In accordance with the RBI guidelines, the Bank is required to make provision @ 10% of outstanding advances over two quarters beginning with quarter ending March 31, 2020 in respect of such borrowers whose accounts, though classified as standard as on March 31, 2020, would have become non-performing but for these benefits/relaxations extended as per RBI guidelines. The Bank, as a prudent measure, has made the entire 10% provision amounting to ` 3,026.60 Lakhs in the current quarter. nFurther, in addition to the above, as a prudent measure, the Bank has made additional provision of ` 6,303.40 Lakhs as at March 31, 2020 against the likely impact of COVID-19 pandemic in respect of exposure of the Bank to certain specified sectors based on assessment of presently available information. The entire provision of ` 9,330.00 Lakhs in respect of COVID-19 impact is grouped under Other liabilities and provisions in the Balance sheet of the Bank. n12. The Reserve Bank of India, vide its circular dated April 17, 2020, has decided that banks shall not make any further dividend payouts from profits pertaining to the financial year ended March 31, 2020 until further instructions, with a view that banks must conserve capital in an environment of heightened uncertainty caused by COVID-19 pandemic. Accordingly, the Board of Directors of the Bank have not recommended any dividend for the year 2019-20 (Previous Year 70% i.e ` 1.40/- per Equity Share). n13.During the quarter and year ended March 31, 2020, the Bank has invested ` 5,920.00 Lakhs and ` 6,420.00 Lakhs respectively in its subsidiaries (` 500.00 Lakhs in Preference shares with face value ` 10 each of Federal Operations and Services Limited & ` 5,920.00 Lakhs in equity shares with face value ` 10 each of Fedbank Financial Services Limited) and ` Nil and ` 66.61 Lakhs in Preference shares with face value ` 5 each respectively in its associate Equirus Capital Private Limited. n14.The figures of the last quarter 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 was subject to limited review. n15.Previous period's / year's figures have been regrouped / reclassified, where necessary to conform to current period's classification.