Federal Bank rises on partnering with Reserve Bank Innovation Hub
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Federal Bank is currently trading at Rs. 98.35, up by 0.25 points or 0.25% from its previous closing of Rs. 98.10 on the BSE.
The scrip opened at Rs. 98.00 and has touched a high and low of Rs. 98.65 and Rs. 98.00 respectively. So far 178015 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 107.65 on 25-Oct-2021 and a 52 week low of Rs. 70.00 on 22-Apr-2021.
Last one week high and low of the scrip stood at Rs. 100.00 and Rs. 96.50 respectively. The current market cap of the company is Rs. 20678.52 crore.
The Institutions and Non-Institutions holding in the company stood at 66.89% and 33.11% respectively.
Federal Bank has teamed up with Reserve Bank Innovation Hub, a subsidiary of the central bank, as scale up partner for the second phase of Swanari TechSprint programme. The programme is aimed at advancing digital financial inclusion for women in India and to create digital solutions for bridging the gender gap.
Reserve Bank Innovation Hub (RBIH) is hosting the 'Swanari TechSprint' from April 18-22. It aims to create and produce smart, creative, and sustainable solutions supporting women's advancement in financial growth and independence and for women-owned enterprises in India.
Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. It offers personal, corporate, NRI, SME banking, online banking services to its customers.
