Direct image of structure sheaf and parabolic stability

Let $f : X \rightarrow Y$ be a dominant generically smooth morphism between irreducible smooth projective curves over an algebraically closed field $k$ such that ${\rm Char}(k)> \text{degree}(f)$ if the characteristic of $k$ is nonzero. We prove that $(f_*{\mathcal O}_X)/{\mathcal O}_Y$ equipped with a natural parabolic structure is parabolic polystable. Several conditions are given that ensure that the parabolic vector bundle $(f_*{\mathcal O}_X)/{\mathcal O}_Y$ is actually parabolic stable.
Comment: Final version