BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Retail Research
Federal Bank Ltd. is one of the best placed mid-tier old private sector banks. The bank has strong granular liability franchise and comfortable capital positioning which can act as a cushion against any uncertain eventuality of asset quality shocks.
Recently, the bank has redesigned its growth strategies and now is planning to change itself into next-gen private sector bank with digital tie-ups across assets, liabilities, and payments segments.
Federal Bank's FinTech partnerships is in line with its branch-light, distribution-heavy strategy which is return on asset accretive and can bring productivity and efficiencies.
We are constructive on Federal Bank's ability to monetise these partnerships and build scalable profit pools. Further, it is also diversifying into high margin business like retail products, commercial vehicle /construction equipment loan, micro-credit, credit cards etc. In Q1FY23 numbers the incremental growth from these verticals were visible.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.