Interim report
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Secretarial Department Federal Bank | 6th Floor, Federal Towers, Bank Junction, Aluva | Kerala | 683101 Phone: 0484- 2622263| E-mail: secretarial@federalbank.co.in | Website: www.federal.bank.in CIN: L65191KL1931PLC000368 SEC/LODR/376/2025-26 January 16, 2026 The Manager The National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051 The Manager Department of Corporate Services BSE Limited, Phiroze Jeejeebhoy Towers, Floor 25, Dalal Street, Mumbai – 400 001 Re: Scrip Symbol: FEDERALBNK/ Scrip Code: 500469 Dear Madam/ Sir, Sub: Outcome of the Board Meeting held on January 16, 2026 - Unaudited Financial Results for the quarter ended December 31, 2025 Pursuant to Regulation 30, 33, 52 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of The Federal Bank Limited ("Bank") , at its meeting held today, has inter alia, considered, reviewed and approved the Consolidated and Standalone Unaudited Financial Results of the Bank for the quarter ended December 31, 2025, as recommended by the Audit Committee. A copy of the said Financial Results, along with the Limited Review Report thereon submitted by the Joint Statutory Auditors of the Bank, is enclosed herewith. Please note that the Board Meeting commenced at 11:45 a.m. today, i.e., on January 16, 2026, and the Financial Results were approved by the Board at 12:05 pm. The meeting is continuing for consideration of other agenda items. The above information is also being hosted on the Bank’s website, www.federal.bank.in as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Thanking you, Yours faithfully, For The Federal Bank Limited Samir P Rajdev Company Secretary Encl: as above
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,{SKA&AssociatesLLP 602, Ftoor 6, Raheja Titanium Western Express Highway, GeetanjaLi, Raitway Cotony, Ram Nagar, Goregaon (E), Mumbai 400 063. Suri & Co Guna Comptex, No.443 & 445, 4th Ftoor Main Building, Anna 5atai, Teynampet, Chennai 600 018. lndePendent Auditor's Review Report on unaudited standalone financial results for the quarter and nine months ended December 31, 2025 ol The Federal Bank Limited pursuant to the Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Board of Directors of The Federal Bank Limited 2. This Statement, which is the responsibitity of the Bank's Management and approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principtes taid down in Accounting Standard 25 'lnterim Financiat Reporting' ('AS 25') prescribed under section 133 of the Companies Act, 2013 ('the Act') read with retevant rutes issued thereunder, jn so far as they appty to the Banks, the retevant provisions of the Banking Regutation Act, 1949, the circutars, guidetines, directions issued by the Reserve Bank of lndia ('the RBI') from time to time ('the RBI Guidetines') and other recognized accounting principtes generat(y accepted in lndia and in comptiance with the Listing Regutations. Our responsibitity is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Revjew Engagements (SRE) 2410 "Review of lnterim Financiat lnformation Performed by the lndependent Auditor of the Entity", issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we ptan and perform the review to obtain moderate assurance as to whether the Statement is free of materiat misstatement. A review consists of making inquiries primarity of persons responsibte for financjal and accounting matters and apptying anatytical and other review procedures. A review is substantialty less in scope than an audit conducted in accordance with Standards on Auditing under section 143(10) of the Act and consequentty does not enabte us to obtain assurance that we woutd become aware of atL significant matters that might be identified in an audit. We have not performed an audit and accordjngty, we do not express an audit opinion. 4. Based on our review, conducted and procedures performed, as stated in paragraph 3 above, nothing has come to our attention that causes us to betieve that the accompanying Statement prepared in accordance with the recognition and measurement principtes taid down in AS 25, prescribed under Section 133 of the Act read with retevant rutes issued thereunder, the RBI Guidetjnes and other accounting principtes generatty accepted in lndia has not disctosed the jnformation required to be disclosed in terms of the Listing Regutations, including the manner in which it is to be discLosed or that it contains material misstatement or that it has not been prepared in accordance with the relevant prudentiat norms issued by the RBI in respect of jncome recognition, asset ctassification, provjsioning and other retated matters, except for the disctosures retating to Pitlar 3 disctosures as at December 31, 2025, including teverage ratio, liquidity coverage ratio and net stabte funding ratio under Basel lll Capitat Regutations as have been / cra o c &.' 0Ac Page 'l of 2 '1. We have reviewed the accompanying statement of unaudited standatone financiat resu{ts of The FederaI Bank Limited ('the Bank') for the quarter and nine months ended December l'1, 2025 ('the Statement') attached herewith, being submitted by the Bank pursuant to the requirements of Regulation 33 and Regutation 52 read with Regutation 63(2) of the Securities and Exchange Board of lndia (Listing ObLigations and Disctosure Requirements) Regutations, 2015 as amended ('the Listing Regutations') except for the disctosures retating to Pittar 3 as at December 31, 2025, inctuding leverage ratio, liquidity coverage ratio and net stabte funding ratio under Basel lll Capitat Regutations as have been disctosed on the Bank's website and in respect of which a tink has been provided in the Note 7 to the Statement and haye not been reviewed by us.
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disctosed on the Bank's website and in respect of which a tink has been provided in the Note 7 to the Statement and have not been reviewed by us. MSKA&AssociatesLLP 602, Ftoor 6, Raheja Titanium Western Express Highway, Geetanjati, Raitway Cotony, Ram Nagar, Goregaon (E), Mumbai 400 063. For r{ S K A & Associates LLP (Formerty Known as M S K A & Associates) Chartered Accountants lCAl Firm Registration Number: 105047W lW1O11B7 Suri & Co Guna Complex, No.44l & 445, 4th Fl.oor Main Bujtding, Anna 5alai, Teynampet, Chennai 600 018. For Suri & Co Chartered Accountants lCAl Firm Registration Number: 004283S Sanjeev Aditya M Partner Membership Number: 229694 UDIN: 26229694A18PTG585'l January 16, 2026 Mumbai /n*t'J' Prateek Khandetwal Partner Membership Number:'139144 UDIN: 261 39144ZBHCAV1'l 94 January16, 2026 Mumbai KOCHI B o\&C Ag Page 2 of 2
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Federol Bank THE FEDERAL BANK LIMITED REGD,OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101 (CIN: L65191KLl931PLCOOO368) STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDEO DECEMBER 3'.,2025 (t in Lakhs) Particulars Quarter ended Nine months end€d Year ended 31.12.2025 30.o9.20 25 34.12.2024 31.12.20 25 31,t2.2l)24 31.O3.2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited l lntcrcst earned (a)+(b)+(c)+(d) 6,86,750 6,74,2t6 6,8O,813 20,29,629 19,t 1,689 26,36,525 (a) Intcrcst/discounton advances/bills 5,47,401 5,38,340 5,46,370 16,18,036 15,73,180 21,41,662 (b) Incomc on investmcnts 1,21,243 1,16,841 t,14,142 3,51,586 3,39,r4A 4,54,t82 (c) Intcrest on balances with Reserve Bank of Indaa and othcr inter bank funds 9,372 11,090 11,255 35,525 32,316 44,300 (d) Othcrs 8,688 1,945 8,506 24,482 21,O53 16,381 2. Othcr income (Refcr note 4) 1,10,029 1,08,217 91,617 3,29,544 2,19,534 3,80,125 3. TOTAL INCOME ( r.+2) 7,96,779 7,42,433 7 t721490 23,59,173 22r5tt2l9 30,16,65O 4. Inlcrcst expcndcd 4,21,477 4,24,692 4,31,139 12,81,149 12,62,634 16,A9, t26 5. Opcratinq cxpenscs (i)+(ii) 2,02,369 1,93,324 1,/ t,aas 5,85,045 5,25,012 7,16,811 (i) Employccs cost 84.855 80,344 78,515 2,44,91O 2,30,444 1.08,828 ( ii) Other opcratrng expenscs 1,17,504 1,12,980 3,40,O75 2,94,568 4,O t,9a3 6. TOTAL EXPENOTTURE (4+s) (cxcluding provisions and contingencies) 6,23,a46 6,15,544 14,66,194 t7,47,646 7. OPERATTNG PROFTT (3-6) (Profit bcfore provrsions and contingcncics) L,7 2,933 4,92,979 4,63,573 8. Provisions (othcr than tax) and contingencies 3 3,238 36,309 29,233 1,09,563 59,495 73,306 9. Exccptional itcms tO. Profit from Ordinary Activities before tax (7-8-9 ) 1,39,695 1,2a,1Oa t,27,7L3 3,43,416 4,O4,()74 5.36.4O 7 1l. Tax cxpcnsc 35,574 32,542 32,169 97,594 1,01,912 1,31 ,618 12. Net Profit from Ordanary Activities aft€r tax ( 10- 11) L,O4,a2L 95,526 95,544 2,45,422 3,O2,166 4,O5,149 13. Extraordinary rtems (net of tax expense) 14. Net Profit for the period (12-13) 1,O4,121 95,526 95,544 2,4s,422 3,O2,166 4,O5,149 15. Paid-up Equity Sharc Capital (Facc value a 2/ pcrEquity Share) 49,242 49,188 49,090 49,242 49,090 49,11/ 16. Rcservcs cxcluding Rcvaluation Rcserve 32,92,444 17. Analytical Ratios and Othcr Disclosurcs (i) Percentagc of sharcs hcld by Govcrnmcnt of India NIL NIL NIL N]L NIL NII (ii) Capital Adcquacy ratio (o/o) (Refcr notc 5) Undcr Basel III 15.20 15.71 15.16 15.20 15.16 16.40 (iri) Earnings pcr Share (EPS) (in a) (a) Basic EPS (before and aftcr cxtraordinary itcms) 4.23+ 3.89* 3.89* 11.53* 12.35* 16.54 (b) Diluted EPS (bcforc and aftcr cxtraordinary itcms) 4.79+ 3.85* 3.85* 11.51* 12_2t* 16.3 t (iv) NPA Ratios a) Gross NPA 4,44,686 4,53,2O1 4,55,331 4,44,646 4,55,331 4,37,554 b) Net NPA 1,06,804 1,16,516 1,13,117 1,06,804 1,13,1 17 1,04,038 c) % of Gross NPA 1.83 1.72 d) % of Nct NPA 4.42 0.48 0.44 (v) Rcturn on Asscts (o/o) 0.29 * a.21* o.29' 0.82* 0.93* (vi) Net Worth 35,88,860 34,41,944 32,01 ,7O5 35,88,860 32,01,105 33,12,164 (vri) Outstandinq Rcdecmable Prefcrence Shares NIL NIL NIL NlL NlL (viii) Capital Redemption Rcserve NIL NIL NIL NIL NlL NlL (rx) Dcbenture Redemption Rcscrve NIL NIL NIL NIL N]L N]L (x) Dcbt - Eouitv Ratio ' 0.4 5 0.51 0.89 o _45 0.89 0.71 (xi) Total Dcbts to Total Assets ' 1.45a/o 5.05% L444/o 4.450/o 8.44Vo 6.80d/o (xii) Opcrating I"lar9in 2t.7lvo 27.0tak 20.32a/o 20 -9Oo/o 20.590/,, 20.22Va (xIi) Nct Profit I\4argin 13.010/0 12.2tva 12.37D/o t2.t20k 13.420/o t3.430/" ' Not Annualiscd ' Debt and Total Dcbts reprcsents Total Borrowings of the Bank A!& c XOCHI z c ALUVAI t- U (A L o c.0 Acc o 6,14,O16 24tO6,537 1,64,417 1,56,946 6,1O,113 1.72 1.95 1.95 1 .84 0.49 0.42 0.49 1.23 NIL ttIIIII lLttt T
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Se9meht lnfo16ation(or Nine months ended 31.12.202s 30.o9.202s 31.12,2024 31.12.2025 3 t,12.2024 3l,03.20 25 r) Seoment Revenue 1,64,385 1,Q,Q1 1,66,924 5,20,660 5,O),l tt 6, J0,97? Corporatc/Wholesalc llankrnq 1,07,410 1,03,694 1,04,156 9,2t,l tl 8.90,621 1t,72,425 8,01,999 ),44,o77 't,43,1t1 23,5?,446 22,64,602 30,49,898 43.139 )t8,544 2,51,i09 2,10,177 ?,92,49' b) Othc. Rctal Banktnq 7,14,460 6,99,523 7,05.227 21,0r,537 20,54,425 27,57,401 Other Uankrno oDeratrons 10,649 11,989 6,196 )9,93) 18,189 ?6,454 3,303 5)5 3/3 4,156 2,630 12,47,746 12,62,756 r2,61,624 3a,29,305 36,76,893 49,22,779 Iess: lntc. Seqment Revonur 4.94,967 4,80,123 4,89,134 t4,JO,t32 14,25,674 19,06, r 29 Income lrom Ope.ations 7,95,7r9 7,a2,433 7,r2,49O 23,59,173 22,sr,219 30,16,650 2) Seqment R€solts (net of provisions) 34,065 28,984 7),743 1,01,326 10,620 95,246 CorDo.ate/wholesale Ilankino 59,545 64,14) 58,3 / 5 t, /2,129 1,50,955 2,29,74/ 13, /31 24,r69 80,r63 1,\6,) /8 1,86,358 2,241 2,540 (8,116) )/,504 //1 b) othet Rcaail Dankinq 31,488 21,629 5a,0/t /2,659 1,55,50/ 1,46,424 Olhcr BankrnO oDcratrons 9,051 10,191 5,261 ?5,442 15,461 72,426 3,303 575 3/3 4,156 2,630 r,39,695 1,2a,loa t,21,713 3,a3,416 4,04,074 5,36,aO7 3) Scoment Assets: 97,88,739 98,56,503 96,95, /38 9/,44,/39 96,95, /18 r,01,36,265 Corooratc/wholesale llankinq |,24,O5,731 r,21,15,8r2 1,12,95,598 1.28,05.711 r,12,95,598 1,16,85,184 r,3t/,10,052 1,33,00,r24 1,26,86,80r 1,3 /,J0,052 1,26,86,801 '| ,) /,9),t31 /,44, t 36 8,15,421 /,12.D/ /,aa,136 7,12,727 /,15,633 1,29,41,916 1,24,85,303 t,t9,74,074 1,29,41,916 1,19. /4,0 /4 1,24,46,49u Othcr tlank,nq operatrons 1.262 3,/47 3,613 1,262 3,613 1,16 / 3,37,293 3, t 1,240 3,08,705 3,J7,293 l 08 2,A3.729 3,66,69,O77 3,56,04,021 3,39,9O,455 3,39,90,4ss 3,49,00,440 4) Seqment liabilities: 30,t6.o47 30,74,964 44,21,31O 30,t6,042 44,7t,31O 3),98,t41 9CorDoralc/wholesalc lrantinq 40,03,435 37 2,5A,56,) t2 2,51,35,197 ?,23,43,344 2,54,56.1t2 2,23,43,344 21,83,284 21,36,464 17,7 t,? t9 ?88 17.71,219 19,13,636 b) othc. Rctail l)dnktnq 2,36,/3,424 2,29,99,133 2,05,72,169 2 2,O5,r'2,159 2 I other aankrno oDe.dtrons I /2 51 2\ 1,84,500 1,55,300 ,.,18,634 1,84,500 1,18,634 r,26,495 3,3O,6O,761 3,21,O2,479 3,O7,57,O42 3,3O,60,761 3,Or,57,O32 3,15,54,414 5) CaDital EmDloYed 36,08,3r6 3s,05,542 32,33,443 36,04,3r6 32,33,423 7 6) rotal (4 + 5) 3,66,69,O77 3,55,04,O2r 3,39,90,4ss 3,66,69,O77 3,39,90,455 a0 ror the above segmcnt reportrng, the reportabte s€gments are identilled as Trcasury, Co.porate/Wholesale Aanklng, Retail Banking (with Digital Banking and Orhrr Rataat tlanking as sub-sogmants) and Other Bankhg Operatlons in compllance with the Reserve Bank of lndia (RBI) guld€lines. the bustness op€rations of the tlank arc substantially concentrated in India and for the purpose ol s€gment Reporting as per Accounting Standard_l7, the llant as consadered to oparate only in domastrc scament. Ihe Bank has made improvcments to thc tnternat transfe. prlcing m€thodoloqy aligning to matched maturitles for bette. presentation of the segment nrormanon effcctiva from Aprit 0r, 2025. Corespondingly th€ segment hformatlor for previous p€rlods have baen regrouped / reclassified to conform to cu(enr period,s p.escntation. rhis change in segment information does not rmpact the segment identiflcation, overall Revcnue, Results, Ass€ts, Llabilities and cap al I mploycd or thc Bank lor thc qurrtar and nine months end€d Decembar 31, 2025, or for tha ptevious poriods' I he abovo staodatonc unaudited r insnciat Rasurts ror the quarter .nd nine montns ended Dccembcr 31, 2025 war€ app.oved bY the Board of Di.ecto6 at its mc€nn9 hctd on tanuary 16. 2025. These flnancial resutts have been subiected to limited review by the loint statutory Auditors of the Bant and an unmodificd rcvrcw repon has becn issucd. rhe above Financtat Rcsutts of thc Bank have been prepar€d ln accordanc€ with the provasions of the Banking Regulation Act, 1949, Gcnerdllv Acceprtd Arcounting principtes rn India, inctuding Accounting Standards.s specified und€r section 133 of the companics act, 2013, Regulation 33 and Regulation 52 rcad with Regulation 63(2) of the Sacurittes and Exchange Board of India (SEBI) tisting Obligations and Oisclosur€ Requiramants Regulations, 2015, as amendcd, ln so far as thcy apply to Bank, and the guldellnas lssu€d bv the RBI the Banl has apph€d siqnificant accouoting poticies In the praparatlon of these Fioancial Results consistent with those followed in the annual llnancial statomants for th€ year anded March 31, 2025. Any ctrcular / dlrection issu€d by the R8I ts imptemented prospectively when it b€comes applicable, unless spccifically requircd as pcr that clrcular / dlrection. othcr rn.omc includes r.as earncd from provding scru(es to customers, commission from non rund-based banting activitics, earnings from roreign exchange and derivativc transacnons, scllrng of third pdrty products, profit / loss on sale of investm€nts / fired assets, p.ont / loss on r€valuatlon of iovcstments. dividcod reccived from subsidia.ics / associat€, recovenes from advances written off, etc, rhc caprtal Adaquacy Ratio is complrt€d on the basls of the RBI guidelines applicable on the rclcvant reporting dates and the ratio for the corresronding prcvious pcriod is not .dJustad to cof,sidcr the lmpact of subsequ€nt changes lf anv, ifl the guldelhes. During th€ quartc. and nine months ended O€c€mber 31, 2025, the Bank has allofted 26,16,910 a 62,47,550 €qulty sh..es or a2 €a(h respectiv.lv, pu.su.nt to the ex€r€lsf or stock options by €hployees. As Dar cxtant thc Rtlt quidatincs, banks ara rcquircd to makc Pillar I disclosur.s includioq lcverage ratio, liquidity coverage ratio and Nat Stablc lunding Ratio (NsrR) und.r rhc rrasct Ilr capttat Regutations. Ac.ordinsly, su.h appli€able dlsclosures hale been pla(od on the website of thc gank which .an b. accesscd at thc folowrn9 tink: hrtps://www.fodcrat.bank.rnl.eguratory-discrosurcs. These disdosures hava not been subJeclcd to audit or review bv thc ]oint statutory Audrtors of the tldnk f- ('-4 oi IKOCHI ALUVA oc, L ----=16,6enii1) )
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On Novcmbcr 21, 2025, thc Govcrnment ol tndia notfcd the lour Labour Codes - the Code on waocs, 2019, lhe lndustnal Rel.tions Code, 2020, lhe Code on SGr.l Secu.rty, 2020, and the O.cupatronal Safety, riealth and Workrnq Condt'ons Codo, 2020 consohdatinq 29 ciisting labour la{s. lhe Banl has asressed rmpact ol these chanqes to thc enent applicable and has hade afl incremcntal 9rovrrion of I 208.00 lakhs dunng thc quater €nded De.ember ll, 2025, towardr the eslrmated rmpact ol these chanqes Drsdoiure as p€r 'Reserue B3.I ol rnd'a (Commer.irl aanks - Frna.oal St.tements : P.8€nt tid .nd Disclosu.cs) Dirtions, 2025' datd Novemb.. 24, 2025 .ld as aruded tharcafter, tor the t ans transferr€d / ..qured dunnq the nine Mths ended Dsemb€. 31, 2025 a.€ given bebw: r) Detarlr of loans not h def.ult trans(errcd through asslgnmnt dunnq the nin€ months ended Decemb€r 11, 2025 .re given below: AgqreqBte amunl of loanr transter.i (a n l.khs) 12,500.00 Weqhtcd average rcsidualmatunty (in yea15) 1t l3 wcrqhted avcraqc holdhg pcnod by ongrn.tor (in yea6) Rcte.non of beneicral cconomrc rntcrcrt by the ongrnato. ( a rn lakhs) 24,2?5 4? ranorble secuaty covcraqe Ranns wrsc distr bullon l{11l 439 4l 'reorcrcnts bala.re outstandino as on Decembcr 11, 2025 1l Prev'ous oc.rod 5 nour.s havc becn reqroupcd / rc.lasslned, wherever nccestarv to conform r.nt p.riod s c assrfrcatron ir) Ounng thc nrnr months cnded O*cmbe, ll, 2025, tha Ba.t ha! not a.qur.ed.ny lo.f,3 not 'n dafault or skessed ld.s or Sp<,al iredtion A..ounts (sMA) and not transferred any rvessed l@.s or spc.ial Mentro. Accountl (sMA). 'ii) ounnq the ninc monrhs cndad Deernbo.3l, 2025, the sank has not hvastad in se.u.ity Re.eFtr (5R) issued by an arset Reconslruction company (,\Rc) pursuant ro transfer ot t{on-Pe.tominq aelct to ARc. oetails ot the @overy ranng5 arsq.ed to Secunty R€.eiols outstandng at o. D4.mber !1. 2075 are l0 Dsctoso,e as pcr 'Rcserue Banl of hd6 (Comrerciar aank. Frnanoal St.terenB : Prese.tation .nd Oisclosur€s) Oirections, 2025 dated tlovemb€r 28, 2025 .od ar arend.d thcraafter, on prorc.t! unde. lmpl€mantatlon, ior the quarter €nd€d oe.€mtter !1, 2025 is given bclor. Pro,c.rs undo rmplcmcntalron accounts at the begrnnrng ol thc quarter r?8 2,69,635 rl Projects undc. rmplementanon accounts sanctroned dunnq the quarter 300 00 l unda. rmplemcntano. a.counB wh€re DCCO has been a(hicved dunnq the quarte. 1a 23, t3r.OO undcr rmdemntatio 4coonts at $e end or the quan€r. (t+2.1) t11 2,46,104.13 out of 4' .ccounts rn rerp.<t ot which ratolution pro.ess rnvolving extenson in onqrnal / crtcnd.d Dcco, as thc case nay b€, has bcen lnvoked, 29 11,3)A.12 out of 5' ac.ount5 rn rcsost ot wh(h Resolunon plan has ben implcmented 29 71,124.r2 olt of 5' accounts rn respect of whrch Resolulron pl.n E under implemntataon 5l out ol 5' - accounts rn respect of whrch Resolltion plan hat failed out of 5', accounts rn resped of whkh resoldnon pr*ess rnvolvrnq €rtenson r. original / e*.nded Dcco, as the c.{ may be, has been r.voked due to chanq€ 'n scop€ and size or the out of 5, accounr in rcspect ot whtch .ott over.un atsoclated n(h .xtensbn rn orq'nal / ertended oCCO, as the case m.y bc, wa' funded. Oot ol 7', .c.ouots where SaCr was sandioned dlnng fna.clal dosure .nd .enew€d our of 7'. accounts wherc sBcfi was not Dr€san.honed o. renewed contl.uously out of 4' accountr rn r€sp€.t ol ,hrch retolubon pro(ess not involvng extenso. i. orilrn.l / e*endcd DCCO, as th€ c.se may bc, has be€n rnvoked. ou! of 8' ac.ounts rn rcspcct or whl.h Resolunon plan has bcen implcmented olt of'8' a..ounts in respect ot which Resluton olan 15 und$ impleruntat'on Olt ol S a..ounts rn .cspe.t of whrch Resolutron plan hat tarled ll During rhc quartar ended oecemtrcr 11, 2024, ttE Ba.t sold 6t,5o,ooo equity shar€s ol Equirus captal Prlv.te Limited {ECPL), an associ.te entltY ol the Bank Foloprnq the s.le, the sharehordeE' agreemnt b€rw€en th€ Bank, ECPL, add thc prodEte. of ECPL wa5 tarmrnated and fcPt c€a$€d to tE .. a.soci.te enttv of the llank with.ftcct from r,lovcmbcr 15, 2024. 12 ounng $e quarter ended oecc,nt e. 31, 2025, the B.nk has a(qutred 3,2O,OO,OOO equrly shares ol Aqeas Fede..l Life lnsur.nce comganv timftd (asso{iate comp;ny) arom Ageas Insurance tntemalonat t{V, lo. a consider.non oa R5, 10.45 p€r thare. Total consideraUon paid was R5.97,,r4.00 lakhs, Purscnt to thrs .cquBrnon, the aank now holds lo% shar€holding in agaas F€der.l Life Insurance comoany Limitcd, on a trlry drll]ted basls ctA KOCHI & oc a ALUVA p=t- ISIINAN V'NKAT SUARAMANIAN MAN CING DIRECIOR & CEO (DIN:0001r79a) 4.2
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MSKA&AssociatesLLP 602, Ftoor 6, Raheja Titanium Western Express Highway, Geetaniati, Raitway Cotony, Ram Nagar, Goregaon (E), Mumbai 400 063. Suri & Co 6una Comptex, No.443 & 445, 4th FLoor Main Buitding, Anna Satai, Teynampet, Chennai 600 018. lndependent Auditor's Review Report on unaudited consolidated financial results for the quarter and nine months ended December 31 , 2025 of The Federal Bank Limited pursuant to the Regulation 33 of the Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Board of Directors of The Federal Bank Limited 1. We have reviewed the accompanying statement of unaudited consotidated financiat resutts of The Federal Bank Limited ('the Bank') and its subsidiaries (the Bank and its subsidiaries together referred to as 'the Group'), its share of the net profit after tax of its associate for the quarter and nine months ended December 3'1, 2025 ('the Statement'), being submitted by the Bank pursuant to the requirement of Regutatjon 33 of the Securities and Exchange Board of lndia (Listing Obtigations and Disctosure Requirements) Regutations, 2015, as amended ('the Ljsting Regutations') except for the disctosures retating to Pitlar 3 as at December 31, 2025, inctuding leverage ratio, tiquidjty coverage ratio and net stabte funding ratio under Baset lll Capitat Regutations as haye been disctosed on the Bank's website and in respect of which a tink has been provided in Note 6 of the Statement and have not been reviewed by us. 2. This Statement, which is the responsibitity of the Bank's Management and approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principtes Laid down in Accounting Standard 25 'lnterim Financial Reporting'('AS 25'), prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with relevant rutes thereunder, in so far as they appty to the Bank, the relevant provisions of the Banking Regutation Act, '1949, the circutars, guidelines and directions issued by the Reserve Bank of lndia ('the RBI') from time to time ('the RBI Guidetines') and other recognized accounting principtes generatty accepted in lndia and in comptiance with the Listing Regutations. Our responsibility is to express a conctusion on the statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (sRE) 2410 'Review of lnterim Financial lnformation Performed by the lndependent Auditor of the Entity', issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we ptan and perform the review to obtain moderate assurance as to whether the Statement is free of materiat misstatement. A review consists of making inquiries, primarily of persons responsibte for financiaI and accounting matters, and apptying analyticat and other review procedures. A review is substantialty tess in scope than an audit conducted in accordance with Standards on Auditing specjfied under section 143(10) of the Act, and consequentty does not enabte us to obtain assurance that we woutd become aware of att significant matters that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion. We atso performed procedures in accordance with the circutar issued by the Securities and Exchange Board of lndia under Regulation 33 (8) of the Listing Regutations, as amended, to the extent appticabte. 4. The Statement includes the financiat resutts of the Bank and the fottowing entities: ased on our review conducted and procedures performed as stated in paragraph 3 above and based on the reports of other auditors referred to in paragraph 6 Sr. No Name of the Entity Relationship with the Bank a Fedbank Financiat Services Limited Subsidiary b Federat Operations and Services Limited Subsidiary c Ageas Federal Life lnsurance Company Limited Associate I so co 0Ac ideration of the review Page 1 of 2 and based on the
Page 8
financiat result certified by the Management for the associate as state in paragraph 7 betow, nothing has come to our attention that causes us to betieve that the accompanying Statement, prepared in accordance with the recognition and measurement principtes taid down in AS 25 prescribed under Section '133 of the Act read with relevant rutes issued thereunder, the RBI Guidelines and other accounting principtes generalty accepted jn lndia, has not disctosed the information required to be discLosed in terms of the Listing Regutations, inctuding the manner in which it is to be disclosed or that it contains any material misstatement or that it has not been prepared in accordance with the retevant prudential norms issued by the RBI in respect of income recognition, asset ctassification, provisioning and other related matters except for the disctosures relating to PitLar 3 as at December 31, 2025, jnctuding leverage ratio, tiquidity coverage ratio and net stable funding ratio under Baset lll Capitat Regutations as have been disclosed on the Bank's website and in respect of which a link has been provided in Note 6 of the Statement and have not been reviewed by us. 7. The Statement also inctudes the Group's share of net profit after tax of Rs. 146 lakhs and Rs. 849 takhs for the quarter and nine months ended December 3'l, 2025, respectively, as considered in the Statement, in respect of its associate, based on its interim financiat resutt which have not been reviewed by its auditor. This interim financiat result has been furnished to us by the Bank's Management and our conctusion on the Statement, in so far as it retates to the amounts and disctosures inctuded in respect of its associate, is based sotety on such Management prepared unaudited jnterim financial resutts. According to the information and explanations given to us by the Bank's Management, this jnterim fjnancial resutts is not materiat to the Group. Our conctusion on the Statement is not modified in respect of the matters mentioned in paragraphs 6 and 7 above. [tSKA&AssociatesLLP 602, Floor 6, Raheja Titanium Western Express Highway, Geetanjati, Railway CoLony, Ram Nagar, Goregaon (E), Mumbai 400 063. Suri & Co Guna Comptex, No.443 & 445, 4th FLoor Main Buitding, Anna Satai, Teynampet, Chennai 600 018. For Suri & Co Chartered Accountants lCAl Firm Registration Number: 0042835 /""t*/' Prateek KhandelwaI Partner Membership Number:'139144 UDIN: 26139144WUKRQD8463 January 16, 2026 Mumbai so z KOCHI & co ACc Page 2 of 2 6. We did not review the interim financiat resutts of two subsidiaries inctuded in the statement, whose interim financiat resutts reftect total revenues of Rs. 59,410 takhs and Rs. 1,74,552 takhs and total net profit after tax of Rs. 8,274 takhs and Rs. 24,847 takhs for the quarter and nine months ended December 31, 2025, respectivety, as considered in the Statement. These interim financial resutts have been reviewed by other auditors whose reports have been furnished to us by the Bank's Management and our conctusion on the Statement, in so far as it retates to the amounts and disclosures inctuded in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. For M S K A & Associates LLP (Formerty Known as M S K A & Associates) Chartered Accountants lCAl Firm Registration Number: 105047W lW101187 Sanjeev Aditya M Partner Membersh jp Number: 229694 UDIN : 262296941X2EF R47 36 January 16, 2026 Mumbai
Page 9
Federal Bonk THE FEDERAL BANK LIMITED REGD.oFFIcE: P,B.NO. , 03, FEDERAL TowERs, ALUVA-6831o1 (CIN: L65191KL1931PLcooo368) CONSOLIDATED UNAUDITED FII{ANCIAL RESULTS FOR THE QUARTER AND NtNE MONTHS ENDED DECEMBER 31, 2025 a in Lakhs) Particulars Quarter ended Nine months ended 31.12.2025 30.o9.2025 3L.L2.2l)24 31.12.2025 3L.12.2024 31. O3.20 25 lJnaudited Una u d ited Unaudited Unaudited Unaudited Audited 1. Intcrcst carned (a)+(b)+(c)+(d) 7,36,041 7,21,614 7,26,44) 21,72,749 20,99,813 28,10,608 (a) lntcrest/discountonadvances/bil15 5,96,439 5,85,485 5,91,834 17,60,290 17 ,00,443 22,74,441 (b) Income on investmcnts 1 ,2 t ,244 1,16,736 1,14,609 3,51,326 3,38,8 r 7 4,53,799 (c) Intcrcst on balanccs r,!ith Rcserve Bank of lndia and othcr intcr bank funds 9,372 11,090 11 ,255 35,525 32,316 44,101 (d) Othcrs 8,988 8,307 8,789 25,608 2A,191 38,021 2- Other incomc (Refcr notc 5) r.t4,269 1,10,528 93,1 l5 3,41,246 2,87 ,643 3,92,417 3. TOTAL TNCOME ( l+2) 8.50,316 a,32,146 a,19,6O2 25,t3,995 23,a7,496 32,O3.O25 4. Intcrcst expended 4,40,081 4,42,947 4,56,942 13,36,990 13,17,48O 11,63,127 5. Opcrating cxpcnses (a)+(ii) 2,22,O40 2,t2,20O 1,96.199 6,41,L01 5,78,954 7,89,195 (i) Employccs cost 98.518 92,915 89.790 2,A2,52r 2,63,802 3,54,52r (r) Othcr opcrating cxpcnscs 1,23,522 1,19,225 1,06,409 3,58,586 3,15,152 4,34,6)4 5. TOTAL EXPENDITURE (4+s) (cxcluding provrsions and contingcncics) 6,62,L2! 6,SStt47 6.53,181 L9,78,097 1a,96,434 7. OPERATTT{G PROTIT (3-6) (Profit bcfore provisions and conlingcncies) 1,aa,195 t,7 6,999 !,66,42L 5,35,494 4,9L,t)52 6,50,701 8. Provrsions (other than tax) and contingcncies 37,441 39,744 3a,736 1,20,9t2 75,638 91,920 9. Ixccptional rtcms 1O. Profit from Ordinary Activitics be (7 -A-91 t,5o,7 48 1,37,255 L,27,645 4,14,946 4,t5,424 5,5a,783 I l. Tax cxpcnsc 38,355 35,312 3 2,815 r,05,973 1,05, r06 1,38,634 12. Net Profat from Ordinary Activities after tax 1O-11) L,t2,393 1,O 1,943 94,47() 3,O9,O 13 3, O9,31a 4,2O,149 13. Extraordrnary items nct of tax cxpense 14. Net Profitforthe peraod (12-13) 1,t2,393 t,o1,943 94,A70 3.O9, O 13 3,O9,314 4,2(),t49 15. Mrnoraty intcrest 3,132 3,070 9,129 4,561 7,517 16. Share in Profit of Assocrates 146 321 26r 849 2,036 3,253 17. Consolidated Net Profit ot the group (14-1s+16) L,O9,407 99,L94 94,4L5 3,OO,43 3 3,t]6,791 4,15,445 18. Pird'up Equrty Sharc CaPital (l_acc value ? 2/- per Equity Sharc) 49,242 49,188 49,090 49,242 49,090 49,111 19. Rescrvcs cxcludi Rcvaluation Rcscrvc 34,04,215 20 cal Ratios and Other Oisclosurca , . Pcrcentagc('l Ind'" of sharcs hcld by Govcrnmcnt of NIL NlL NIL N]L NIL NIL (ai) Earnings per Sharc (EPS) (in ?) (a) Basic EPS itcms) (before and after cxtraordinary 4.45+ 4.O4* 3.85 * 12.22' 12.5 3* 16.98 (b) Dilutcd EPS (before and after extraordinary rtcms) 4_40* 4.001 3.81* 12.10' 12.40* 16.80 ' Not Annualiscd KO CHI CB o c \E Ac Ctot {l ; q\.- ALUVA (a I 25,52,322
Page 10
Segment Information(o) a in Lakhs Quart€r ended Nine months ended 31.12.2025 30.o9.2025 31,L2.2024 31.12,2025 31,r2,2024 31.03.2025 Unaudited Unaudited i 1) Segment Revenue: 't.65.O71 t,61,544 t,64,978 5i21l338 5,00,431 6,69,620 Corporatc/Who esale llankrnq 3.A2,372 9,15,898 8,84,306 11,63,963 Rctail llankinq 8,33,102 25,08,304 32,34,694 83,139 74,544 2,51,309 2,92,497 b) Olhet Retail Bankino 7,72,s33 7,50,844 7,54,558 22,56,995 21,93,754 29,46,197 Other tlankinq operations 11,597 13,165 7 ,97 | 34.424 23,654 34,163 Unallocated 3,310 5/5 373 4,t63 848 2t /74 L3,41,283 L3,L2t469 13,Oa,735 39,84,127 38,13,170 51,09,154 lcss: lntar Seqment Revcnuo 4,94,96 7 4,40,323 4,89,134 14,7O,t32 t4,25,674 19,06,129 Income from Operations 4.50,316 8,32, t 46 4,19,6O2 25,r.3,995 32,03,0252) Seqment Results (net of Drovisions 35,341 24.693 1,03,753 /0,081 96,)14 Corporale/Wholcsale llankino '1,72,29t 2,29,743 Rctail Bankinq 1,08,483 2,O9,745 2,243 2,540 7.504 771 (466) b) Other Retail tsankinq 43,988 29,573 1,00,979 1,66,784 2,49,611 Other llankinq opcralrons 6,361 t7,644 26,296 16,377 )1,5? / 3,310 5/5 4,t63 848 2,7t4 Profit before tax 1,5O,744 r,37t255 4,14,986 4,15,424 5,58,7a3 3) S€qment Assets: 94,11,663 94,56,435 96,93,59/ 98,31,663 96,93,597 1,01,33,992 Corporatc/Whoicsalc Ilankinq r,27,OA,73t r,20.39,744 t,27,O4,73r t,t7,o3,9t7 1,15,76,1r3 Itola lllankinq 1,50,38,292 r,45,52,276 1,50,38,292 1,3a,63,141 \ ,44 ,25 ,45 il 7,88,136 4,15,421 7,88,136 7,12,727 7,45,633 b) Other Retail Bankinq 1,42,50,156 1,37,36,855 1,42,50,156 1,31,50,414 1,32,80,224 Othcr Ilankinq oDorat ons 7,6Ar 4127'/ 7,681- 5,904 3,352 3,28,916 3,03,808 3,)4,976 3,01,403 2,75,417 3,79,L5,243 3,67t56t58O 3t5O,67,962 3,50,67,962 3,60,1s,191 4) Seqment Liabilities: 31,13,135 30,8r,628 31,13,135 44,75,495 38,49, r03 Co.oorate/Wholcsalc {lankino 39,97,773 37,44,5t3 39,97 ,7 73 14,69,911 36,92,\ /2 2,61,91,740 2,60,77,4t5 2,67,97,140 2,31,83,119 2,44,09,361 21,43,244 21,36,064 ) 1.at,?aa 17,71,219 19,13,636 b) Other Relail Bankina 2,46,08,452 2,38,81,351 2,46,0a,452 2,14,11,900 2,28,95,tr Othcr llankrnq oDerations 212 203 204 212 244 195 1,76,123 t,4t,468 1,11,332 t,76,123 1,11,332 t,\8,643 3,40,78t923 3,3O,31,62? 3.16.40,O61 3,40,7A,923 3,24,69.440 5) Caoital Emoloved 34,36,360 37,24,953 34t27,9O1 34,36,360 34,27t9O1 35,45,311 6) Total (4 + 5) 3,79,L5,283 3,79,r5,243 3,50,67,962 3,60,15,191 @ t or the above segmcnt rcporting, the reportable segments are identified as Treasury, Corporate/Wholesale Aankinq, Retail Bankang (with Digital Bankinq and Other Retail llanking as sub segments) and Other Bankinq Operations in compliance with the Res€rve Bank of lndia (RBI) griidelines. Thc busrness oparalions of the llank are substantially concentrated in India and for the purpose of Segment Reporting as per Accounting Standard 17, the bank is considered to operate only in domestic segment. Ihe llank has made rmprovemenLs to tho intarnal transfer pricinq methodology aligning to matched maturities for better prcsentation of the scgment rnformation affcclive from April 01, 2025. Correspondingly the segment rnformation for previous pcriods hdve bccn rcgroupcd / roclassified lo conform lo currcnt period's presentation. fhis changc in seqment information docs not impact the segment idontification, overall Revenue, Results, nssots, I ri]bilities and Caprlal tmploycd of the llank fo. the qua.tcr and nine months ended Dec€mber 31, 2025, or for Lhe previous periods. 1E c clA o KCgH I ALUVA <'A pq, -? ACc 3,79,15,243 2,31,83,119 17,71,219 2,14,11,900 3,16,4Op61-l 23,47,496 3rzs6-580-f 3.50.6?,96, I I 7,t2,O3,9\1 1,38,63,141 7,12,727 1,3t,50,414 3,01,403 44, /5,495 38,69,9 r 1 1,60,563 1,67,555 ffi 46,231 | r,).r13| 46,)a) l------- (d11d | 54,318 I 6,aoo I 373 I L,27,6as I i6,3tj | 3,05,621 l----- BsiEttt rrr 187I 8,15.398 I l-----s4is4--ai-aEz1, t -14-niFx l--r,@7
Page 11
Iha above consolidatcd unaudited Financial llesults for the quarter and nine months ended December 31, 2025 were approved by rhe Board ofDirectors at rts meeting held on lanuary 16, 2026. Thase financial results have been subjected to limited review by the loint Statutory Auditors of theIlank and an unmodilled review rcport has becn issued. lhc above Financial Results of the group have been prepared in accordance with the provisions of the Banking Regulation Act. 1949, cenerally AcceptedAccounting Principles in lndia, including Accounting Standards as specified under Section 133 of the Companies Act, 2013, Regllation 33 of theSecurities and Lxchanqe Eoard of India (sEaI) Listinq obligations and Disclosure Requirements Regulations, 2015, as amended and the guidelines issucd by thc RIII. Ihc Consoladatcd Financial Rcsults of the Group comprise the financial results of The Federal Bank Umited and its subsidiaries vrz. Fedbank financiatScrvices Limited & FederalOperations and Services Limited and its associate Ageas Federal Ufe Insurance Company Limited. Dunng the quartcr ended l)ecembar 31, 2024, the aank sold 61.50,000 equity shares of Equirus Capital private Limrted (ECPL), an assocjate entiLy oftho llank. Following lhe salc, the shareholders'agreement between the Bank, ECPL, and the promoter of ECPL was termi;ated and ECPL ceasad to be an associate entity of thc Aank with effect from November 15. 2024. Mumbai January 16,2026 KRISIINAN VENKAT SUBRAMANlAN I"IANAGING DIRICTOII & CEO (DIN:00031794) :l 4 5 Ihcre has been no malerial change in the significant accounting policies applied in lhe preparation of these financiat results with those fo owed in tho annual financial statements for the year ended March 31, 2025. Othcr income includes fees earned from providing services to customcrs, commission From non-fund-based banking activities, earnings from irorergn cxchanqe and derivativc transactions, selling of third-party products, profit / loss on sale of investments / fixed assats, profit / toss on revatuatron of invcstmants, recoveries from advances written off, etc. As pcr exlant RUI guidclines, banks are required to make Pillar 3 disclosures rncluding leveraga ratio, liquidity coverage raho and Net Stable Fundiflg llatio (NSl Ia) under the Uasal III Capilal RegulaLions. Accordingly, such applicable disclosuras have been placed on the website of the Bank whrch can b( accossed at thc followiflg linkr https://www.federal.bank.inlregulatory disclosurcs. These disclosures have not been subjectcd to audit or review by the lornt Statutory Auditors of thc Rank. l)uflng the quarter endcd December 31, 2025, the Bank has acquired 3,20,00,000 equity sharcs of Ageas l.ederal Life Insurance Company Limitcd (associate company) from Ageas Insurance International NV, for a consideration of Rs. 30.45 per share. Total considerat,on paid was Rs.97,44.00 lakhs, pursuant to this acquisition, the aank now holds 3oo/o shareholding in Ageas Federal Ufe Insurance Company Limated, on a fully dituted basis. tl ltcvious pcriod's fgures hdvc bccn rogroupcd / rcclassificd, wherevcr neccssary to.onform to current pcriod's classification ALUVA (-tl s, lr,rt- KOCHI cB o\t ACc cla ,