FEDERALBNK2021-01-012021-03-31in-bse-fin:OneOperatingExpenses01Member FEDERALBNK2021-01-012021-03-31in-bse-fin:FourOperatingExpenses01Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentRevenue01Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentRevenue02Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentRevenue03Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentRevenue04Member FEDERALBNK2021-01-012021-03-31in-bse-fin:FourReportableSegmentRevenue01Member FEDERALBNK2021-01-012021-03-31in-bse-fin:FourReportableSegmentRevenue02Member FEDERALBNK2021-01-012021-03-31in-bse-fin:FourReportableSegmentRevenue03Member FEDERALBNK2021-01-012021-03-31in-bse-fin:FourReportableSegmentRevenue04Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentResults01Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentResults02Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentResults03Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentResults04Member FEDERALBNK2021-01-012021-03-31in-bse-fin:FourReportableSegmentResults01Member FEDERALBNK2021-01-012021-03-31in-bse-fin:FourReportableSegmentResults02Member FEDERALBNK2021-01-012021-03-31in-bse-fin:FourReportableSegmentResults03Member FEDERALBNK2021-01-012021-03-31in-bse-fin:FourReportableSegmentResults04Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentAssets01Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentAssets02Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentAssets03Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentAssets04Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentLiabilities01Member FEDERALBNK2021-03-31in-bse-fin:OneReportableSegmentLiabilities01Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentLiabilities02Member FEDERALBNK2021-03-31in-bse-fin:OneReportableSegmentLiabilities02Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentLiabilities03Member FEDERALBNK2021-03-31in-bse-fin:OneReportableSegmentLiabilities03Member FEDERALBNK2021-01-012021-03-31in-bse-fin:OneReportableSegmentLiabilities04Member FEDERALBNK2021-03-31in-bse-fin:OneReportableSegmentLiabilities04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares FEDERALBNK The Federal Bank Limited 2020-04-01 2021-03-31 INR Yearly true Cash Flow Indirect Declaration of unmodified opinion 2021-03-31 Audited Standalone 26584400000.00 5766900000.00 662000000.00 650100000.00 33663400000.00 4653700000.00 38317100000.00 19459600000.00 5252300000.00 4754300000.00 10006600000.00 29466200000.00 8850900000.00 2423300000.00 0.00 6427600000.00 1649500000.00 4778100000.00 0.00 4778100000.00 4778100000.00 3992300000.00 2.00 0.00 0.1385 0.00 2.39 2.38 2.39 2.38 46023900000.00 15692800000.00 0.0341 0.0119 0.0025 1.The above Standalone Financial Results for the quarter and year ended March 31, 2021 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 17, 2021. These Results have been subjected to “Audit” by the Statutory Central Auditors of the Bank and an unqualified audit report has been issued. 2.The 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, 2021 and March 31, 2020. 3.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. The change in segment information has no impact on the overall Revenue, Results, and Capital employed of the bank for the quarter and year ended March 31, 2021 or the previous periods/year. 4.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. 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), recoveries from advances written off etc. 6. 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. 7.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 part of Indian operations. 8.During the quarter and year ended March 31, 2021, the Bank has allotted 297,515 and 3,488,176 equity shares of ` 2 each respectively, pursuant to the exercise of stock options by employees. 9.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. 2021-03-31 Audited Standalone 107951200000.00 23489400000.00 3681700000.00 2456800000.00 137579100000.00 19449100000.00 157028200000.00 82242000000.00 20341800000.00 16575400000.00 36917200000.00 119159200000.00 37869000000.00 16496300000.00 0.00 21372700000.00 5469700000.00 15903000000.00 0.00 15903000000.00 15903000000.00 3992300000.00 2.00 157193700000.00 0.00 0.1385 0.00 7.97 7.94 7.97 7.94 46023900000.00 15692800000.00 0.0341 0.0119 0.0085 Other operating expenses 4754300000.00 Other operating expenses 16575400000.00 Continuation of notes to financial results 10.On account of uncertainties arising from the COVID-19 pandemic across the world and in India, including the current ‘second wave’ which has resulted in imposition of renewed restrictions in various parts of the country, 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. As per the 'COVID-19 Regulatory Packages' announced by the RBI (‘the RBI guidelines’), with regard to providing relief to borrowers’, 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. In respect of such accounts that were granted moratorium, the asset classification remained standstill during the moratorium period. The Honourable Supreme Court in a writ petition by Gajendra Sharma Vs Union of India & Anr vide its interim order dated September 3, 2020 had 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 had 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, although the Bank held sufficient provisions in respect of these advances and as a prudent measure, did not recognize the unrealized interest on these accounts as income. Pending final decision in this regard, the Bank had created adequate provisions to cover any likely impact arising therefrom, which was carried under Other liabilities and Provisions' in the Balance sheet of the Bank as at December 31, 2020. The interim order to not declare accounts as NPA has been vacated by the Honourable Supreme Court on March 23, 2021 vide judgement in the matter of Small-Scale Industrial Manufacturers Association vs. UOI & Ors and RBI has issued a circular dated April 07, 2021 thereon, in accordance with which the Bank has made the asset classification of borrower accounts which were granted moratorium as above, as per the applicable extant IRAC norms with effect from September 1, 2020. As stated above, the Bank held a provision of ` 53,669.00 Lakhs as on December 31, 2020 against the likely impact of COVID-19, including the RBI mandated provision as per such guidelines. During the current quarter, the bank has utilized ` 6,089.00 Lakhs from the above provision for creation of RBI mandated provision for advances restructured under “Resolution framework for COVID-19 related stress” and an amount of ` 47,580.00 Lakhs towards the provision required as per extant IRAC norms. Coporate/Wholesale Banking 10354000000.00 Retail Banking 22179500000.00 Treasury 5759200000.00 Unallocated 24400000.00 Coporate/Wholesale Banking 45615200000.00 Retail Banking 83989000000.00 Treasury 27399600000.00 Unallocated 24400000.00 38317100000.00 157028200000.00 0.00 0.00 38317100000.00 157028200000.00 Coporate/Wholesale Banking 1735500000.00 Retail Banking 3347000000.00 Treasury 1320700000.00 Unallocated 24400000.00 Coporate/Wholesale Banking 2227500000.00 Retail Banking 11898500000.00 Treasury 7222300000.00 Unallocated 24400000.00 6427600000.00 21372700000.00 0.00 0.00 0.00 0.00 6427600000.00 21372700000.00 Coporate/Wholesale Banking 714659000000.00 Retail Banking 781365700000.00 Treasury 452511100000.00 Unallocated 0.00 1948535800000.00 65138100000.00 65138100000.00 2013673900000.00 Coporate/Wholesale Banking 160253300000.00 Retail Banking 1530669300000.00 Treasury 141377100000.00 Unallocated 0.00 1832299700000.00 20138100000.00 20138100000.00 1852437800000.00 Continuation of Notes to Financial Results 11. In accordance with the scheme announced by the Government of India on October 23, 2020 for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (March 01, 2020 to August 31,2020), the Bank had submitted the requisite claim amounting to ` 3,014.95 Lakhs and credited the accounts of the eligible borrowers. Further, in accordance with the decision of the Honourable Supreme Court on March 23, 2021 in the matter of Small-Scale Industrial Manufacturers Association vs. UOI & Ors instructions, the aforesaid RBI circular dated April 07, 2021 and the methodology for calculation of the amount as notified by the Indian Banks Association (IBA), the Bank has created a provision of ` 2,100.00 Lakhs towards estimated refund/adjustment of compound interest/interest on interest/penal interest charged to the borrowers not covered under the above ex-gratia scheme during the moratorium period i.e. March 1, 2020 to August 31, 2020 and reduced the same from interest income. 12. The Board of Directors have recommended a dividend of 35% i.e. ` 0.70/- per Equity Share on face value of ` 2/- each for the year 2020-21 (Previous Year ` Nil 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 ` 13,973.05 Lakhs from the Profit and loss account for the year ended March 31, 2021. 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, 2021. 13. The disclosures as required under RBI circular DOR.No.BP.BC.63/21.04.048/2019-20 dated April 17, 2020 is given in the publication. 14.Details of resolution plan implemented under the Resolution Framework for COVID-19-related Stress as per RBI circular dated August 6, 2020 are given in the publication 15. The disclosures as required under RBI circular DOR.No.BP.BC.62/21.04.048/2020-21 dated April 17, 2020 with respect to the number of accounts and the Amount involved in those accounts where the Resolution period was extended is given below for the year ended as on March 31, 2021: No. of Accounts-1 Amount involved-Rs.1691 lakhs 16. 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 subjected to limited review. 17. The figures for the quarter and year ended March 31, 2020 were audited by predecessor statutory auditors. 18. Previous period's / year's figures have been regrouped / reclassified, where necessary to conform to current period's classification. 0.00 2579000000.00 0.00 0.00 0.00 0.00 -17800000.00 0.00 0.00 0.00 2561200000.00 0.00 -87873300000.00 -27405000000.00 203543900000.00 -515800000.00 16384200000.00 104134000000.00 106695200000.00 128067900000.00 0.00 0.00 0.00 5979900000.00 0.00 122088000000.00 0.00 0.00 122088000000.00 0.00 586100000.00 0.00 37305000000.00 0.00 8000000.00 0.00 0.00 39200000.00 1177900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -39037800000.00 0.00 0.00 -39037800000.00 138000000.00 0.00 0.00 0.00 13039200000.00 0.00 0.00 0.00 0.00 -12901200000.00 0.00 0.00 -12901200000.00 70149000000.00 19100000.00 70168100000.00 125745800000.00 195913900000.00