Federal Bank moves up on unveiling new NRE savings account variant ‘Prospera’
The Federal Bank is currently trading at Rs. 181.55, up by 0.35 points or 0.19 % from its previous closing of Rs. 181.20 on the BSE.
The scrip opened at Rs. 180.30 and has touched a high and low of Rs. 181.85 and Rs. 179.15 respectively. So far 36662 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 216.90 on 05-Dec-2024 and a 52 week low of Rs. 139.80 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 183.05 and Rs. 177.10 respectively. The current market cap of the company is Rs. 44590.94 crore.
The Institutions and Non-Institutions held 75.00% and 25.00% stake in the company respectively.
Federal Bank has unveiled a new NRE Savings account variant - Prospera. The Prospera NRE Savings Account offers an impressive suite of benefits designed for the emerging affluent NRI segment which includes Complimentary Insurance Benefits up to Rs 60 lakh, complimentary airport lounge access, special rewards for debit card spends and other banking benefits. As an introductory offer, the Bank is providing discount of up to 24% on flight and hotel bookings on select travel platforms using Prospera Debit Card.
The Bank also highlighted its achievements in the NRI banking space, such as market leadership in remittance services, digital innovation in cross-border banking, a strong presence across key NRI markets, a robust remittance partnership network in the UAE, and consistent growth in NRI deposits.
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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