Why this mid-sized bank is ideally placed in a rising rate environment - Moneycontrol

We see immense scope for a valuation rerating of Federal Bank, given its undemanding valuation at 0.9x FY24 adjusted book. And the current volatility in the market presents a buying opportunity

PRO Only Highlights-  Quarterly performance largely backed by improved realisations-  Medium-term triggers China plus and protectionist measures for tyre industry-  Valuations not inexpensive; … [+508 chars]

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