Rakesh Jhunjhunwala's largest banking bet can deliver up to 37% return
"Overall, Federal Bank posted healthy growth in advances, aided by strong system-level growth. Deposits were largely flat on a sequential basis as there was stiff competition among the banks to garner the same. CASA trends remained stable with a marginal decline to 36.8 per cent," said Motilal Oswal Securities while suggesting a price target of Rs 130 on the stock.