Federal Bank gains on the BSE
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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 Rs. 156.00 and Rs. 148.50 respectively. The current market cap of the company is Rs. 37195.64 crore.
The Institutions and Non-Institutions held 73.91% and 26.09%, stake in the bank respectively.
Federal Bank has received an approval from Reserve Bank of India (RBI) to establish a Representative Office in the Kingdom of Saudi Arabia. This approval is subject to further regulatory approvals from the relevant authorities in Saudi Arabia.
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.
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