federal bank (citi) 4Q11 Results: Asset Quality Stabilizing

4Q11 profits up 47%, 9% ahead of our estimates; P&L: NIMs down, but so are credit costs; Balance sheet: Opportunistic loan growth, deposit mix stable; Strong capital, stabilizing fundamentals and inexpensive valuations
Date Rating Target Price Recommendation Price Broker house
9 May 2011 buy 437 419 citi Report

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