Stories
ICICI Securities Recommends Hold on Federal Bank with Rs 330 Target
M
Moneycontrol•19-10-2026, 15:10
ICICI Securities Recommends Hold on Federal Bank with Rs 330 Target
- •ICICI Securities has issued a hold rating on Federal Bank in its latest research report.
- •The research report is dated October 17, 2025.
- •The target price set for Federal Bank is Rs 330.
Key Questions Answered
ICICI Securities recommended a hold rating on Federal Bank with a target price of Rs 330 in its research report dated October 17, 2025. In a later update from October 2026, they maintained the hold rating while adjusting the target price to INR 330 based on FY28E ABV.
Federal Bank reported a strong Q2FY27 with accelerated growth up 7% QoQ, a stable Net Interest Margin of 3.3%, and core fee growth exceeding 20% QoQ. Profit After Tax came in at INR 13.8 billion, representing an 18% quarter-on-quarter increase and a 7% beat.
ICICI Securities values Federal Bank at approximately 1.6x its FY28E adjusted book value, noting that this valuation captures most of the positive factors.
