FEDERALBNK2020-10-012020-12-31in-bse-fin:OneOperatingExpenses01Member FEDERALBNK2020-10-012020-12-31in-bse-fin:FourOperatingExpenses01Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentRevenue01Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentRevenue02Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentRevenue03Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentRevenue04Member FEDERALBNK2020-10-012020-12-31in-bse-fin:FourReportableSegmentRevenue01Member FEDERALBNK2020-10-012020-12-31in-bse-fin:FourReportableSegmentRevenue02Member FEDERALBNK2020-10-012020-12-31in-bse-fin:FourReportableSegmentRevenue03Member FEDERALBNK2020-10-012020-12-31in-bse-fin:FourReportableSegmentRevenue04Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentResults01Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentResults02Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentResults03Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentResults04Member FEDERALBNK2020-10-012020-12-31in-bse-fin:FourReportableSegmentResults01Member FEDERALBNK2020-10-012020-12-31in-bse-fin:FourReportableSegmentResults02Member FEDERALBNK2020-10-012020-12-31in-bse-fin:FourReportableSegmentResults03Member FEDERALBNK2020-10-012020-12-31in-bse-fin:FourReportableSegmentResults04Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentAssets01Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentAssets02Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentAssets03Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentAssets04Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentLiabilities01Member FEDERALBNK2020-12-31in-bse-fin:OneReportableSegmentLiabilities01Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentLiabilities02Member FEDERALBNK2020-12-31in-bse-fin:OneReportableSegmentLiabilities02Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentLiabilities03Member FEDERALBNK2020-12-31in-bse-fin:OneReportableSegmentLiabilities03Member FEDERALBNK2020-10-012020-12-31in-bse-fin:OneReportableSegmentLiabilities04Member FEDERALBNK2020-12-31in-bse-fin:OneReportableSegmentLiabilities04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares FEDERALBNK The Federal Bank Limited 2020-04-01 2021-03-31 INR Third quarter Not applicable 2020-12-31 Unaudited Consolidated 28609300000.00 5678100000.00 1146900000.00 608000000.00 36042300000.00 4845400000.00 40887700000.00 20757900000.00 5621000000.00 4486800000.00 10107800000.00 30865700000.00 10022000000.00 4393400000.00 0.00 5628600000.00 1431900000.00 4196700000.00 0.00 4196700000.00 24100000.00 39400000.00 4181400000.00 3991700000.00 2.00 0.00 0.1313 0.00 2.10 2.09 2.10 2.09 35052100000.00 7844900000.00 0.0267 0.0061 0.0021 1. The above Consolidated Unaudited Financial Results for the nine months ended December 31, 2020 were reviewed by the Audit Committee and subsequently taken on record and approved by the Board of Directors at its meeting held on January 20, 2021. These Results have been subjected to “Limited review” by the Statutory Central Auditors of the Bank and an unqualified review report has been issued. n n2.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. IDBI Federal Life Insurance Company Limited & Equirus Capital Private Limited. n n3.There has been no material change in the accounting policies adopted during the quarter and nine months ended December 31, 2020 as compared to those followed for the year ended March 31, 2020. n n4.Pursuant to Board approved policy on preparation of segment information, the Bank, with effect from quarter ended June 30, 2020, has revised the basis of preparation of segment information on a direct identification basis with the aid of Internal Transfer pricing mechanism for more appropriate presentation of the segment results. Accordingly, figures for the previous periods have been regrouped / reclassified to conform to current period's classification. n nThe change in segment information has no impact on the overall Revenue, Results, and Capital employed of the bank for the quarter and nine months ended December 31, 2020 or the previous periods/year. n n5. The 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. n n6.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), recoveries from advances written off etc. n n7.The 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. n n8.The 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 a part of Indian operations. n n9.During the quarter and nine months ended December 31, 2020, the Bank has allotted 1,180,276 and 3,190,661 equity shares of Rs. 2 each, pursuant to the exercise of stock options by employees. n n10.In 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. 2020-12-31 Unaudited Consolidated 85424300000.00 17671900000.00 3019700000.00 1866300000.00 107982200000.00 14772900000.00 122755100000.00 64317500000.00 16100200000.00 12238100000.00 28338300000.00 92655800000.00 30099300000.00 14741200000.00 0.00 15358100000.00 3888600000.00 11469500000.00 0.00 11469500000.00 57100000.00 95700000.00 11430900000.00 3991700000.00 2.00 0.00 0.1313 0.00 5.73 5.72 5.73 5.72 35052100000.00 7844900000.00 0.0267 0.0061 0.006 Other operating expenses 4486800000.00 Other operating expenses 12238100000.00 Corporate/Wholesale Banking 10374200000.00 Other Banking operations 0.00 Retail Banking 24372300000.00 Treasury 6141200000.00 Corporate/Wholesale Banking 34947000000.00 Other Banking operations 0.00 Retail Banking 66206000000.00 Treasury 21602100000.00 40887700000.00 122755100000.00 0.00 0.00 40887700000.00 122755100000.00 Corporate/Wholesale Banking -219700000.00 Other Banking operations 0.00 Retail Banking 4608600000.00 Treasury 1239500000.00 Corporate/Wholesale Banking 525800000.00 Other Banking operations 0.00 Retail Banking 8941900000.00 Treasury 5890400000.00 5628400000.00 15358100000.00 0.00 0.00 -200000.00 0.00 5628600000.00 15358100000.00 Corporate/Wholesale Banking 660863900000.00 Other Banking operations 0.00 Retail Banking 786412600000.00 Treasury 448039800000.00 1895316300000.00 107090400000.00 107090400000.00 2002406700000.00 Corporate/Wholesale Banking 150230400000.00 Other Banking operations 0.00 Retail Banking 1534406500000.00 Treasury 136141300000.00 1820778200000.00 19714600000.00 19714600000.00 1840492800000.00 NOTES TO FINANCIAL RESULTS CONTD... n n11.On account of uncertainties arising from the COVID-19 pandemic across the world and in India, the extent to which the same will impact the Bank’s operations and financial position will depend on various aspects including actions taken to mitigate its impact and other regulatory measures. The Bank’s capital and liquidity position is strong and would continue to be the focus area for the Bank during this period. n nAs per the 'COVID-19 Regulatory Packages' announced by the RBI (‘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 August 31, 2020, including relaxation in certain parameters, to all eligible borrowers, without considering the same as restructuring. n nThe Bank held a provision of Rs. 58,791.00 Lakhs as on September 30, 2020 against the likely impact of COVID-19, including the RBI mandated provision. During the current quarter, the bank has utilized Rs. 5,122.00 Lakhs from the above provision for creation of RBI mandated provision for advances restructured under “Resolution framework for COVID-19 related stress”. Hence, the aggregate provision against the likely impact of COVID-19, including the RBI mandated provision, stands at Rs. 53,669.00 Lakhs as on December 31, 2020 and is grouped under 'Other liabilities and provisions' in the Balance sheet of the Bank. n nThe Honourable Supreme Court in a writ petition by Gajendra Sharma Vs Union of India & Anr vide its interim order dated September 3, 2020 has directed Banks that the accounts which were not declared Non performing asset (NPA) till August 31, 2020 shall not be declared NPA till further orders, pending disposal of the case by Supreme Court. Pursuant to the order, the Bank has not declared any account as NPA, which was not declared as NPA till August 31, 2020 as per the RBI Prudential norms on Income Recognition, Asset classification, and provisioning pertaining to advances. The Bank holds sufficient provisions in respect of these advances and as a prudent measure, the Bank has not recognized the unrealized interest on these accounts as income. n n12.The figures for the quarter and nine months ended December 31, 2019 and year ended March 31, 2020 were reviewed / audited by previous statutory auditors. n n13.Previous period's / year's figures have been regrouped / reclassified, where necessary to conform to current period's classification. n n nFor the above segment reporting, the reportable segments are identified as Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations in compliance with the RBI guidelines.