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Placed as third top pick in June 2021, FED showcases positive outcomes Our view – A great bank to own in terms of evolution undergone Asset Quality – An annualised gross slippage ratio well below 1% in a worsening asset quality cycle shows FED is in a class of its own: Gross NPA additions amounted to Rs. 4.34bn for 2QFY25, translating to an annualized slippage ratio of 0.8% for the quarter. Gross NPA additions had amounted to Rs. 4.24bn during 1QFY25. The bank has benefited ...
Buy Federal Bank Ltd For Target Rs. 240 by Yes Securities Ltd
Placed as third top pick in June 2021, FED showcases positive outcomes Our view – A great bank to own in terms of evolution undergone Asset Quality – An annualised gross slippage ratio well below 1% in a worsening asset quality cycle shows FED is in a class of its own: Gross NPA additions amounted to Rs. 4.34bn for 2QFY25, translating to an annualized slippage ratio of 0.8% for the quarter. Gross NPA additions had amounted to Rs. 4.24bn during 1QFY25. The bank has benefited ...
Buy Federal Bank Ltd For Target Rs.240 By Yes Securities Ltd
Growth outlook steady; getting future-ready under new leadership Rising mix of high-yielding products to boost margins * Federal Bank (FB) has demonstrated a strong business growth trajectory over FY22-24, with a 20% CAGR in its loan book and 18% deposit growth. Over FY25- 27, we believe the bank is set to deliver an 18% loan CAGR, backed by effective risk management and fintech partnerships, despite facing regulatory challenges. * The bank views fintech partnerships as vital for pro...
Buy Federal Bank Ltd For Target Rs. 230 By Motilal Oswal Financial Services Ltd
Federal Bank Ltd Buy Federal Bank Ltd @ 195.50-196.50 Target 198.60 Stop Loss 194.50 Aurobindo Pharma Ltd Sell Aurobindo Pharma Ltd @ 1475-1478 Target 1460.00 Stop Loss 1486.50 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Federal Bank Ltd and Aurobindo Pharma Ltd By ICICI Direct
Federal Bank Ltd Buy Federal Bank Ltd @ 189.50-190.50 Target 192.50 Stop Loss 188.40 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Federal Bank Ltd By ICICI Direct
The dollar fell to its lowest against the yen this year on Wednesday after investors upped the chances of Democrat Kamala Harris beating Republican rival Donald Trump in November's presidential election after a scheduled debate. The yen received an additional boost from Bank of Japan board member Junko Nakagawa, who reiterated that the central bank would continue to raise interest rates if the economy and inflation move in line with its forecasts. Traders were also awaiting a key U....
Dollar drops; Harris` chances improve after US election debate
Federal Bank Ltd * FEDERALBNK exhibits a clear uptrend and is currently trading near the record high levels. * It has formed an elevated base in the form of consolidation with good volumes, suggesting accumulation by stronger hands. * Considering the price action and renewed strength in banking space, the stock is set for the next leg of up move. * Traders can consider fresh longs in the mentioned range. Buy Federal Bank Ltd CMP 203.30 Range 20...
Stock of the day : Federal Bank Ltd For Target Rs. 214 - Religare Broking
Our view – Most parts of RoA tree behaving reasonably well Asset Quality – Asset quality remains truly pristine as even a moderate rise in slippages keeps slippage ratio well below 1%: Gross NPA additions amounted to Rs. 4.24bn for 1QFY25, translating to an annualized slippage ratio of 0.8% for the quarter. Gross NPA additions had amounted to Rs. 3.71bn during 4QFY24. Provisions were Rs 1.44bn, as against write back of -Rs. 0.95bn in 4QFY24 and provision of Rs. 1.56bn in 1QFY24...
Buy Federal Bank Ltd For Target Rs. 245 By Yes Securities
Our view – Most parts of RoA tree behaving reasonably well Asset Quality – Asset quality remains truly pristine as even a moderate rise in slippages keeps slippage ratio well below 1%: Gross NPA additions amounted to Rs. 4.24bn for 1QFY25, translating to an annualized slippage ratio of 0.8% for the quarter. Gross NPA additions had amounted to Rs. 3.71bn during 4QFY24. Provisions were Rs 1.44bn, as against write back of -Rs. 0.95bn in 4QFY24 and provision of Rs. 1.56bn in 1QFY24...
Buy Federal Bank Ltd For Target Rs. 245 by Yes Securities
Shares of India's Federal Bank rose as much as 5.5% to a record high on Tuesday, a day after the central bank approved the appointment of veteran banker KVS Manian as the lender's new CEO, quashing concerns around management succession. Manian resigned from Kotak Mahindra Bank in April, after nearly three decades at the bank, saying he had aspirations elsewhere in the industry, and local media has said he was being considered for the CEO role at Federal Bank. The Reserve Bank of...
India's Federal Bank hits record high as cenbank clears KVS Manian as new CEO
The Federal Bank is currently trading at Rs. 187.85, up by 1.85 points or 0.99% from its previous closing of Rs. 186.00 on the BSE. The scrip opened at Rs. 187.95 and has touched a high and low of Rs. 189.30 and Rs. 185.30 respectively. So far 202196 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 189.30 on 08-Jul-2024 and a 52 week low of Rs. 126.45 on 13-Jul-2023. Last one week high and low of the scrip stood ...
Federal Bank gains on launching new Life Insurance products
The Federal Bank is currently trading at Rs. 181.35, up by 6.30 points or 3.60% from its previous closing of Rs. 175.05 on the BSE. The scrip opened at Rs. 177.00 and has touched a high and low of Rs. 183.25 and Rs. 177.00 respectively. So far 913480 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 183.25 on 3-July-2024 and a 52 week low of Rs. 126.45 on 13-Jul-2023. Last one week high and low of the scrip stood ...
Federal Bank surges on registering 20% rise in gross advances in first quarter of FY25
Federal Bank, in collaboration with National Payments Corporation of India (NPCI), has launched RuPay Wave Credit Card that empowers customers with the convenience of UPI-powered transactions on robust RuPay network. This offering will seamlessly integrate the benefits and features of RuPay credit cards with the experience of UPI payments, ushering in a new era of simplicity and efficiency in digital transactions. By leveraging the robust UPI infrastructure developed by NPCI, Federal...
Federal Bank Unveils UPI-Enabled RuPay Wave Credit Card via a Simplified 2-click onboarding journey
As private bank stocks recovered sharply this week, a Goldman Sachs analysis has said this offers opportunities to investors to "accumulate" private bank stocks. The global brokerage firm said in a note that the fundamentals are more important than the narrative and "we continue to favour private banks over PSUs". The Bank Nifty index saw a sharp recovery from its 200-day moving average, closing above its rising trendline on Wednesday. Shares of HDFC Bank, I...
Analysts remain bullish on private banks stocks, say 'fundamentals' strong
Federal Bank, a prominent private sector bank in India, announced a Bancassurance tie-up with Tata AIA Life Insurance Co Ltd, one of India’s leading life insurance companies. This strategic alliance aims to provide Federal Bank's customers, access to Tata AIA Life’s comprehensive insurance product suite. Federal Bank has an extensive network, which will enable Tata AIA to further strengthen its footprint. Both entities focus on the technology-e...
Federal Bank and Tata AIA Life Insurance Announce Strategic Bancassurance Partnership
After a correction post results, Federal Bank (FB)’s stock recently rallied ~10% owing to news-flow about inclusion of KVS Manian (Head - Wholesale & Private Banking, Kotak Mahindra Bank) as one of the 3 candidates for the post of MD & CEO (due to be vacated in Sep-24) at FB. Notably, Mr Manian has been handling wholesale banking at KMB for a while now, and has earlier headed consumer banking till 2014 – this position was then swapped with Shanti Ekambaram’s. This ra...
Buy Federal Bank Ltd For Target Rs.180 - Emkay Global
Hindustan Unilever Ltd. Buy Hindustan Unilever Ltd. @ 2355-2358 Target 2383 Stop Loss 3939.00 Federal Bank Ltd. Buy Federal Bank Ltd. @ 159.2-159.80 Target 161.8 Stop Loss 158.30 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Hindustan Unilever Ltd And Federal Bank Ltd By ICICI Direct
Federal Bank is currently trading at Rs. 167.85, up by 5.35 points or 3.29% from its previous closing of Rs. 162.50 on the BSE. The scrip opened at Rs. 169.70 and has touched a high and low of Rs. 170.25 and Rs. 162.80 respectively. So far 2849887 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 170.25 on 2-May-2024 and a 52 week low of Rs. 120.90 on 26-Jun-2023. Last one week high and low of the scrip stood at R...
Federal Bank climbs on reporting rise in Q4 consolidated net profit
Federal Bank is currently trading at Rs. 152.80, up by 0.65 points or 0.43% from its previous closing of Rs. 152.15 on the BSE. The scrip opened at Rs. 151.00 and has touched a high and low of Rs. 153.60 and Rs. 148.50 respectively. So far 599589 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 166.65 on 19-Feb-2024 and a 52 week low of Rs. 120.90 on 26-Jun-2023. Last one week high and low of the scrip stood at R...
Federal Bank gains on the BSE
Federal Bank Ltd. (FBL), is an Indian private commercial bank, headquartered in Kerala. FBL owns 1,418 branches with a loan book size of Rs.2,06,930cr. FBL is the second-largest bank and the largest private sector bank in Kerala, with nearly 42% of its 1,418 branches located in the state. The bank has a strong retail funding franchise, including a stable base of NRI deposits, largely contributed by remittances from the expatriate Indian community in the Middle East. FBL has a large presenc...
Buy Federal Bank Ltd For Target Rs. 190 By Yes Securities
The Federal Bank is currently trading at Rs. 153.50, up by 1.00 points or 0.66 % from its previous closing of Rs. 152.50 on the BSE. The scrip opened at Rs. 153.55 and has touched a high and low of Rs. 153.70 and Rs. 151.30 respectively. So far 460369 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 166.65 on 19-Feb-2024 and a 52 week low of Rs. 120.90 on 26-Jun-2023. Last one week high and low of the scrip stood...
Federal Bank gains on registering 20% rise in gross advances in fourth quarter of FY24
India's Kotak Mahindra Bank on Monday named KVS Manian as joint managing director and Shanti Ekambaram as deputy managing director, effective March 1. Both Manian and Ekambaram have been with Kotak for more than two decades and were last serving as whole-time directors. Manian will oversee wholesale bank, commercial bank, private banking, asset reconstruction division and wholesale credit, while Ekambaram will drive treasury and global markets businesses in addition to her existing ...
India`s Kotak Mahindra Bank names new senior executives
The dollar flirted with the psychological threshold of 150 yen on Tuesday and held broadly steady ahead of a key reading on U.S. inflation due later in the day, while bitcoin hovered around the $50,000 mark for a second day running. Trading was largely subdued early in Asia with markets in China and Hong Kong still closed for the Lunar New Year holidays and as traders stayed on guard ahead of Tuesday's release of consumer prices data in the world's largest economy. The greenback...
Dollar nears 150 yen ahead of US inflation test; bitcoin buoyant
In-line earnings; lower provisions drive earnings beat Guides for CD ratio of ~80% by CY24 end * FB reported a mixed quarter as net earnings beat our estimate by 6% driven by lower provisions and healthy other income (FedFina stake sale gains) but slippages increased while NIMs compressed 3bp QoQ. * Advances growth was healthy at 18% YoY/3.3% QoQ, led by robust growth in retail and commercial banking. Deposits grew 19% YoY/2.9% QoQ, aided by continued traction in term deposits. Thu...
Buy Federal Bank Ltd for Target Rs.175 - Motilal Oswal Financial Services Ltd
Federal Bank becomes one of the earliest private sector banks to launch NCMC integrated Debit cards. National Common Mobility Card (NCMC) is a feature introduced on RuPay Contactless Debit Card which allows card holders to make payments across NCMC enabled terminals at metro stations, buses, etc in an offline mode within fraction of second, just by tapping the card on the card reader. NCMC is equipped with multiple functions, including stored value payments (currently up to Rs.2000/- and subj...
Federal Bank launches RuPay backed NCMC wallet Debit Cards
Broad based growth in advance; deposit lags The bank's advances increased by 21%YoY in Q3FY23, driven by broadbased growth. For FY25 and FY26, respectively, we anticipate loan growth of 20.3% and 20.4%. On the liability side, deposit growth lagged behind loan growth at 19%YoY with CASA growing at 5.8%. The CASA ratio as of Q3FY24 is 30.5%, down 10 bps from the previous quarter. Deposit growth is anticipated to be 20.6% YoY in FY25 and 22.5% in FY26. Achieved new heights in PAT Du...
Accumulate Federal Bank Ltd for Target Rs.156- Geojit Financial Services Ltd.
In-line earnings; lower provisions drive earnings beat Guides for CD ratio of ~80% by CY24 end * FB reported a mixed quarter as net earnings beat our estimate by 6% driven by lower provisions and healthy other income (FedFina stake sale gains) but slippages increased while NIMs compressed 3bp QoQ. * Advances growth was healthy at 18% YoY/3.3% QoQ, led by robust growth in retail and commercial banking. Deposits grew 19% YoY/2.9% QoQ, aided by continued traction in term deposits. Thus,...
Buy Federal Bank Ltd Target Rs.175 - Motilal Oswal Financial Services Ltd
Soft margins; but lower provisions aid earnings Despite slower NII growth at 9% YoY and, hence, softness in NIM (down 36bps YoY/3bps QoQ to 3.19%), Federal Bank has once again reported a beat on PAT, of 6%, at Rs10.1bn/1.3% RoA, mainly due to lower provisions. Bank saw a oneoff gain from the Fedfina stake sale (Rs0.9-1bn) in 3Q which was partly evened out by the recent wage revision. Going forward, staff cost may remain elevated in 4Q due to impact of the wage revision on retirement liabil...
Buy Federal Bank Ltd Target Rs.180 - Emkay Global Financial Services Ltd
Further re-rating remains justified for FED Result Highlights (See “Our View” below for elaboration and insight) * Asset quality: Gross slippages amounted to Rs 4.96bn (annualized slippage ratio of 1.0%) and recoveries and upgrades were at Rs 2.9bn * Margin picture: NIM at 3.19% was down -3bp QoQ, where sequentially the cost of deposits moved up faster than the yield on advances * Asset growth: Advances grew 3.3%/18.4% QoQ/YoY driven on YoY basis by Retail, Agri, CV/CE...
Buy Federal Bank Ltd for Target Rs.195 - Yes Securities Ltd
Mixed bag Core softer, delivery on stated parameters, the key Federal Bank’s (FB IN) Q3FY24 PAT at INR 10bn surpassed estimates on higher other income (stake sale of Fedfina), even as NIMs (lower-than-expected) and higher opex (impact of wage hike) curtailed the benefit. The key highlight was the NIM pressure (yet again, missed management guidance) in the backdrop of sustained funding cost pressures and higher slippages (a corporate account, which management expects to get rectifi...
Buy Federal Bank Ltd For Target Rs.189- Elara capital
Federal Bank is currently trading at Rs. 148.30, down by 4.70 points or 3.07% from its previous closing of Rs. 153.00 on the BSE. The scrip opened at Rs. 153.95 and has touched a high and low of Rs. 155.25 and Rs. 147.80 respectively. So far 1725546 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 159.25 on 20-Dec-2023 and a 52 week low of Rs. 120.90 on 26-Jun-2023. Last one week high and low of the scrip stood a...
Federal Bank falls despite reporting 25% rise in Q3 consolidated net profit
Federal Bank is pleased to announce a pivotal collaboration with NCDEX e Markets Limited (NeML) to fortify the integration of eProcurement and eAuction systems. NeML, a wholly owned subsidiary of National Commodity & Derivatives Exchange Limited (NCDEX), holds a commanding market share in transparent price discovery across more than 90 commodities. This strategic alliance is set to facilitate an advanced eProcurement solution, streamlining the processes for Central and State Gov...
Federal Bank Announces Strategic Collaboration with NeML for Enhanced eProcurement and eAuction Integration
Federal Bank, a pioneer in banking innovation, launches UPI Lite, that will power small-value digital transactions in India. NPCI introduced UPI Lite—a simplified version of the Unified Payments Interface (UPI) system to cater to the growing demand for faster and more efficient small-value payments. Benefits of UPI Lite for Customers include reduction in transaction time, a ready to access bank statement, higher payment success rate and enhanced security. UPI lit...
Federal Bank Introduces UPI Lite for Effortless Small-Value Digital Payments
Federal Bank Ltd * Federalbnk has been in primary uptrend from past more than one and half year. * It rebounded strongly finding support around its short term moving average i.e. 20 EMA on weekly chart. * The reversal in price coincides with its previous breakout zone indicates bullish tone to continue. * We thus recommend creating fresh longs in the mentioned range. BUY Federal Bank Ltd BUY CMP 149.85; Range* 149-151; SL 145; Target 160 Please r...
Stock of the day : Federal Bank Ltd For Target Rs.160 - Religare Broking Ltd
With the festivities at our doorstep, Federal Bank invites customers to avail exiting offers across the spectrum; from apparel to dining to E-Mobility. This Diwali Federal Bank has come up with offers with Amazon, Reliance Digital, Croma, Vijay Sales, MakeMyTrip, Yatra and to name a few. Federal Bank has rolled out a variety of offers on debit and credit cards to sweeten your shopping experience. There is something for everyone, from instant discounts to cashback and rewar...
Exciting Offers by Federal Bank for Your Diwali Shopping Spree
Federal Bank collaborates with India's Top Seeded Shuttler, H.S. Prannoy. H.S. Prannoy, is current world number eight and a recipient of the men's singles bronze medal in the recent Asian Games. The Bronze was won by Prannoy, 41 years after Syed Modi won it at the Asian Games. He enjoys the process as much as he demonstrates his passion at play. Prannoy is known to be unfazed when it comes to demanding performances to come back from many a brink. MVS Murthy, Chief Mark...
Federal Bank nets Ace Shuttler H S Prannoy for an Exclusive Collaboration
Federal Bank invited applications for Federal Bank Hormis Memorial Foundation Scholarships for the academic year 2023-24. The scholarship is a project under the CSR initiatives of the Bank and is dedicated to the memory of the Bank’s Founder, Late Shri K P Hormis. Courses eligible for the scholarship are MBBS, Engineering, BSc Nursing, MBA and BSc Agriculture including BSc (Hons) Co-operation & Banking with Agriculture Sciences conducted by Agriculture Universiti...
Applications Invited for Federal Bank Hormis Memorial Foundation Scholarship
Federal Bank has introduced special interest rates for deposits, in celebration of Founder?s Day and the festive season. Special rates are applicable for 400 days and the highest rate offered is 8.15%. Special Deposit Rates are as follows: As seen in the table, the Bank is offering 8.15% for Senior Citizens for a Term Deposit that is non-withdrawable before maturity for 400 days tenure and 7.65% for general public under the same scheme. Th...
For 400 days tenure, Federal Bank revises deposit rate up to 8.15% for senior citizens
On 106th birth anniversary of its founder, K.P Hormis, Federal Bank inaugurated the ?Mookkannoor Mission?, an initiative under the Swachh Bharat Abhiyan.Mookkannoor -- is a village in Ernakulam district.The leading private sector bank headquartered at Aluva has set the ball rolling for preparing a comprehensive plan including digitisation of the entire village, a cleanliness drive including waste management, tree plantation, community development and renewable energy projects.Shyam Srinivasan...
Kerala: Federal Bank initiates digitisation drive at it's founder`s village
Federal Bank is currently trading at Rs. 148.55, down by 0.95 points or 0.64% from its previous closing of Rs. 149.50 on the BSE.The scrip opened at Rs. 151.05 and has touched a high and low of Rs. 152.55 and Rs. 146.75 respectively. So far 1287487 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 152.55 on 16-Oct-2023 and a 52 week low of Rs. 120.90 on 26-Jun-2023.Last one week high and low of the scrip stood at Rs. 152.55 and Rs....
Federal Bank falls despite reporting 35% rise in Q2 consolidated net profit
India's largest banks have begun to audit their own and borrowers' carbon footprint as they try to mitigate financial risks amid growing pressure from regulators and investors to better align their ESG reporting with global norms, a dozen sources told Reuters.The South Asian nation is the world's third-highest greenhouse gas polluter and has set a goal of reaching net zero emissions by 2070.India's financial sector lags other major economies in its reporting on Scope 3 emissions, or lending-r...
Indian banks assess carbon risk of loan book amid investor, Central Bank push
Below The?Quote On?by Venkatraman Venkateswaran - Group President & Chief Financial Officer at Federal Bank"The RBI Monetary Policy Committee (MPC) has decided to maintain the status quo on the Repo rate, aligning with expectations. Considering that the transmission of the rate hikes hasn?t been fully passed on, it was a prudent decision to adopt a wait-and-watch approach. Inflation management remains a focal point for the central bank, with a clear indication that the MPC will intervene if n...
Quote On RBI Monetary Policy By Venkatraman Venkateswaran, Federal Bank
Federal Bank LimitedBuy Federal Bank Limited CMP?147.25 @146-148; Target?162; Stop Loss?141TECHNICAL RATIONALE ? Federal Bank has been strong while other banking counters are witnessing consolidation or facing pressure. After the consolidation breakout, it is holding firmly above the short term moving average(20 EMA) and inching gradually higher. The chart pattern indicates the prevailing tone to continueTata Consumer Products LimitedBuyTata Consumer Products Limited CMP?905.00 @902-907; Targ...
Stock Picks : Federal Bank Limited And Tata Consumer Products Limited By Religare Broking Ltd
Hindustan Unilever LtdBuy Hindustan Unilever Ltd @2480-2483; Target 2519.00; Stop Loss 2467.00Federal Bank LtdBuy Federal Bank Ltd @146.50-147.00; Target 149.40; Stop Loss 145.60Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Hindustan Unilever Ltd And Federal Bank Ltd By ICICI Direct
Tata Consultancy Services LtdBuy Tata Consultancy Services Ltd @3558-3562; Target 3598.00; Stop Loss 3542.00Federal Bank Ltd Buy Federal Bank Ltd @147.00-147.50; Target 149.50 ; Stop Loss 146.30Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Tata Consultancy Services Ltd And Federal Bank Ltd By ICICI Direct
Federal Bank's campaign for Sovereign Gold Bonds (SGB) deserves accolades for its outstanding execution and its ability to make a complex financial product accessible and enticing to the masses. The campaign brilliantly captures the essence of SGBs as a golden opportunity for investors. The tagline, ?Reliably liquid?, ?Gold without the worries?, "The Golden Opportunity," etc immediately resonates with anyone seeking a smart investment option. It cleverly emphasizes how SGBs can tur...
Federal Bank creates a Golden Buzz with its #SoneKaRishta campaign on Sovereign Gold Bond
The Federal Bank is currently trading at Rs. 143.25, up by 0.65 points or 0.46% from its previous closing of Rs. 142.60 on the BSE.The scrip opened at Rs. 142.65 and has touched a high and low of Rs. 144.20 and Rs. 140.85 respectively. So far 463673 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 150.00 on 11-Sep-2023 and a 52 week low of Rs. 109.50 on 26-Sep-2022.Last one week high and low of the scrip stood at Rs. 150.00 and Rs...
Federal Bank rises on planning to open 100 branches this fiscal
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