The Federal Bank Ltd (BOM:500469)
₹ 196.6 -1.15 (-0.58%) Market Cap: 482.70 Bil Enterprise Value: 581.54 Bil PE Ratio: 11.67 PB Ratio: 1.48 GF Score: 86/100
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Q1 2022 Federal Bank Ltd Earnings Call Transcript

Jul 23, 2021 / 11:00AM GMT
Release Date Price: ₹85.4 (+1.36%)
Operator

Ladies and gentlemen, good day, and welcome to the Federal Bank Limited Q1 FY '22 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Anand Chugh, Head Investor Relations, Federal Bank. Thank you, and over to you, sir.

Anand Chugh
The Federal Bank Limited - VP of Marketing & IR

Thanks, Nirav. Very warm welcome to all of you who have joined us for the quarterly earnings call. I hope and pray that you and your near and dear ones are safe in this challenging environment. And just as 92% of our eligible employees have taken at least one shot of the vaccine, I believe all of you would have also played your part in this fight against COVID.

Let me begin with the latest development. Our Board has today approved issuance of shares to IFC Group to an extent of 4.99% of banks paid up capital, and I use this opportunity to welcome IFC as a significant shareholder of the bank. The addition of this marquee name to the list of our prominent shareholders reinforces the trust

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