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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Q2 2022 Federal Bank Ltd Earnings Call Transcript

Oct 22, 2021 / 11:00AM GMT
Release Date Price: ₹104.05 (+7.77%)
Operator

Ladies and gentlemen, good day, and welcome to the Q2 FY '22 Earnings Conference Call of The Federal Bank Limited. (Operator Instructions)

Please note that this conference is being recorded.

I now hand the conference over to Mr. Anand Chugh, Head, Investor Relations. Thank you and over to you, sir.

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

Thank you so much. Good afternoon, everyone. Hope you would have seen the numbers and you would have seen that this quarter has been a pretty solid quarter for the bank.

Before I kind of hand it over to Shyam for his opening remarks, I would like to kind of bring to your attention some accounting change that has been brought in because of -- in compliance of RBI circular dated 30th August 2021.

Couple of changes which are important for all of us to note. One is that recovery from written-off assets, which earlier used to be accounted under Other Income, now has to be netted off against the provision line, provision for NPL. Also, any provision or depreciation for

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