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Federal Bank Expands Its Footprint in Navi Mumbai with the Inauguration of its Branch in Ghansoli Federal Bank announced the grand inauguration of its 166th branch in the Mumbai Zone of the Bank taking the total to 1387 banking outlets.     The auspicious inauguration ceremony took place with esteemed dignitaries gracing the occasion. Shri Satyavan Ubale, Chief Accounts & Finance Officer (Navi Mumbai Municipal Corp), inaugurated the branch, Shri K R Gopi, President of the TTC-MIDC Industries Association, inaugurated the ATM at the branch, and Shri Pratap Tham...
Federal Bank Expands Its Footprint in Navi Mumbai with the Inauguration of its Branch in Ghansoli
Federal Bank Expands Its Footprint in Navi Mumbai with the Inauguration of its Branch in Ghansoli
Source: PR Agency
9/08/2023 2:27:32 PM
Federal Bank Launches Exclusive NR Savings Accounts for NRI Women Federal Bank, on the occasion of the start of the FIFA Women’s World Cup, announced the launch of an exclusive NR savings account scheme, specifically curated for Non-Resident Indian (NRI) women. This scheme, named NRE Eve+, is designed to cater to the unique financial needs of NRI women, offering a range of benefits tailored to enhance the financial journey of NRI women. The global virtual launch witnessed unveiling of the product theme by Shyam Srinivasan, MD & CEO, Federal Bank. ...
Federal Bank Launches Exclusive NR Savings Accounts for NRI Women
Federal Bank Launches Exclusive NR Savings Accounts for NRI Women
Source: PR Agency
26/07/2023 11:14:25 AM
Federal Bank gains on raising Rs 3,099 crore through QIP route The Federal Bank is currently trading at Rs. 133.05, up by 0.40 points or 0.30% from its previous closing of Rs. 132.65 on the BSE. The scrip opened at Rs. 133.40 and has touched a high and low of Rs. 133.70 and Rs. 132.70 respectively. So far 75045 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 143.35 on 16-Jan-2023 and a 52 week low of Rs. 104.65 on 27-Jul-2022. Last one week high and low of the scrip stood a...
Federal Bank gains on raising Rs 3,099 crore through QIP route
Federal Bank gains on raising Rs 3,099 crore through QIP route
Source: Accord Fintech
26/07/2023 9:57:51 AM
India`s Federal Bank raises 9.59 billion rupees from IFC via preferential issue  India's Federal Bank has raised 9.59 billion Indian rupees ($116.92 million) via preferential issues of shares to the International Finance Corporation (IFC), a member of the World Bank Group. The shares were issued at a price of 131.91 per share and were approved by the board on Friday, the bank said in a notification to exchanges. Post the acquisition, IFC and related entities will hold equity of nearly 8% in the bank. Separately, the bank's board also approved the ra...
India`s Federal Bank raises 9.59 billion rupees from IFC via preferential issue
India`s Federal Bank raises 9.59 billion rupees from IFC via preferential issue
Source: Reuters
21/07/2023 12:33:01 PM
Gold rises on softer dollar, yields ahead of US inflation data Gold prices rose on Wednesday after the dollar and bond yields retreated as investors awaited U.S. inflation data that could offer more cues on the Federal Reserve's rate-hike policy path. Spot gold rose 0.4% to $1,940.53 per ounce by 0231 GMT, its highest since June 20. U.S. gold futures were up 0.5% at $1,946.00. Making gold cheaper for holders of other currencies, the dollar index fell 0.2% to its lowest level since May 11. Benchmark 10-year U.S. Treasury yields also slipped t...
Gold rises on softer dollar, yields ahead of US inflation data
Gold rises on softer dollar, yields ahead of US inflation data
Source: Reuters
12/07/2023 9:23:21 AM
Abhay Prasad Hota appointed as the new Chairman of Federal Bank Mumbai: Reserve Bank of India accorded approval for the appointment of A.P. Hota as the part-time Chairman of the Bank with effect from June 29, 2023 till January 14, 2026. A. P. Hota was serving as an independent Director on the Board of the Bank since January 15, 2018. Abhay Prasad Hota has 27 years of experience in Reserve Bank between 1982 and 2009. While at the Reserve Bank of India, he served as Nominee Director to the Board of Vijaya Bank and subsequently Andhra Bank. He w...
Abhay Prasad Hota appointed as the new Chairman of Federal Bank
Abhay Prasad Hota appointed as the new Chairman of Federal Bank
Source: PR Agency
30/06/2023 5:18:42 PM
Harsh Dugar Appointed as Executive Director of Federal Bank Harsh Dugar has been appointed as Executive Director of Federal Bank after receiving approval from Reserve Bank of India in this regard. The approval has been received for a period of three years from the date of assuming charge. He would assume charge as Executive Director of the Bank with effect from 23rd June 2023. Harsh Dugar been serving as the Group President and Country Head – Wholesale banking of the Bank since 01.04.2021. He had joined the Bank in October 2016 as the Co...
Harsh Dugar Appointed as Executive Director of Federal Bank
Harsh Dugar Appointed as Executive Director of Federal Bank
Source: PR Agency
27/06/2023 9:32:09 AM
Buy Federal Bank For Target Rs 160 - ICICI Direct About the stock: Federal Bank is an old private sector bank based out of Kerala with 1355 branches and 1916 ATM across various states.         * Market share in advances and deposits was at 1.28% and 1.14%, respectively, as of March 2023         * Balanced loan mix with retail: wholesale mix of 54:46 Q4FY23 Results: Healthy business growth; treasury gains offset decline in margins.         * Advances grew 2...
Buy Federal Bank For Target Rs 160 - ICICI Direct
Buy Federal Bank For Target Rs 160 - ICICI Direct
Source: ICICI Direct
10/05/2023 2:35:00 PM
Federal Bank goes live with electronic Bank Guarantee in partnership with NeSL Federal Bank has gone live with NeSL for the issuance of electronic Bank Guarantee facility. With this partnership, customers of Federal Bank can now avail of a complete digital experience while getting a Bank Guarantee. This will, in due course, replace the traditional paper-based process. Electronic Bank Guarantee facilitates the issuance, invocation, amendment, and cancellation of Bank Guarantee in digital form and removes the need of printing any document/request thereof. It is safe, s...
Federal Bank goes live with electronic Bank Guarantee in partnership with NeSL
Federal Bank goes live with electronic Bank Guarantee in partnership with NeSL
Source: PR Agency
9/05/2023 6:00:55 PM
Federal Bank Registers 67% Growth in Net Profit. Delivers All Time High of 903 Cr Federal Bank announced its audited financial results for the quarter and year ended 31stMarch 2023 today. Highlights * Net Profit at 903 Cr, grew by 67% YoY * Highest ever Operating Profit at 1335 Cr, grew by 67% YoY * ROA for Q4 at 1.45% and ROE at 17.48% * GNPA and NNPA brought down to 2.36% and 0.69% respectively * Total Advances increased by 20.14% * Total Deposits grew 17% YoY * The Capital Adequacy Ratio (CRAR) of the Bank stood at 14.81% Commenting on the res...
Federal Bank Registers 67% Growth in Net Profit. Delivers All Time High of 903 Cr
Federal Bank Registers 67% Growth in Net Profit. Delivers All Time High of 903 Cr
Source: PR Agency
5/05/2023 5:54:27 PM
Registration for Federal Integrated Program (FIP) by Federal Bank closes on 30th April 2023 Registrations for Federal Bank’s sought-after Federal Integrated Program (FIP) for Financial Crime Compliance Specialist closes on 30th April 2023. The FIP is a unique program designed in partnership with Manipal Global Education Services that offers a work and study program. Over the course of two years, it will provide a comprehensive learning experience that combines Fixed-Term Employment with a blended approach to learning, incorporating both classroom and virtual sessions. The p...
Registration for Federal Integrated Program (FIP) by Federal Bank closes on 30th April 2023
Registration for Federal Integrated Program (FIP) by Federal Bank closes on 30th April 2023
Source: PR Agency
28/04/2023 6:16:47 PM
Hon`ble Finance Minister Dr.Palanivel Thiaga Rajan Federal Bank`s newpremises for its Chennaiadministrative offices inaugurated Hon’ble Finance Minister Dr.PalanivelThiaga Rajan inaugurated the shifting of the Mount Road Branch, Zonal Office, Collection & Monitoring Departments, Credit Hubs and Wholesale Banking Units of Federal Bank at Akshaya Shanti, Mount Road, Chennai. The new premises was inauguratedin the presence of C Balagopal, Chairman of the Board of the Bank, Shyam Srinivasan, MD & CEO, Harsh Dugar, Group President & Country Head, Wholesale banking, Venkatraman Venkateswaran, Group Pr...
Hon`ble Finance Minister Dr.Palanivel Thiaga Rajan Federal Bank`s newpremises for its Chennaiadministrative offices inaugurated
Hon`ble Finance Minister Dr.Palanivel Thiaga Rajan Federal Bank`s newpremises for its Chennaiadministrative offices inaugurated
Source: PR Agency
23/04/2023 11:24:29 AM
Federal Bank Mumbai Fort branch conducts a successful blood donation camp in association with Red Cross Blood Centre Federal Bank Mumbai Fort branch conducted a blood donation camp in association with the Red Cross Blood Centre. The camp was held at the Federal Bank branch and saw an overwhelming response from the public. The blood donation camp was a part of the Bank's CSR (Corporate Social Responsibility) initiative to give back to the community and was held on the occasion of the branch’s 50th anniversary celebration at the Zonal office. The initiative was also aimed at creating awareness ...
Federal Bank Mumbai Fort branch conducts a successful blood donation camp in association with Red Cross Blood Centre
Federal Bank Mumbai Fort branch conducts a successful blood donation camp in association with Red Cross Blood Centre
Source: PR Agency
22/03/2023 12:57:22 PM
Pre-Budget Expectations : The priority would be to ensure stability & growth in the system Says Venkatraman Venkateswaran, Federal Bank Below is Pre-Budget quote Venkatraman Venkateswaran, Group President & CFO, Federal Bank "In my view, the priority would be to ensure stability & growth in the system. Till recent past we had seen investment from government in capex as the major driver, but now private capex seems picking up but there is still a lot of potential. We need to spur investment of both govt & private sector to keep the economy on growth trajectory for a sustained period. Directionally, gov...
Pre-Budget Expectations : The priority would be to ensure stability & growth in the system Says Venkatraman Venkateswaran, Federal Bank
Pre-Budget Expectations : The priority would be to ensure stability & growth in the system Says Venkatraman Venkateswaran, Federal Bank
Source: PR Agency
28/01/2023 3:48:27 PM
Federal Bank soars on reporting 58% rise in Q3 consolidated net profit Federal Bank is currently trading at Rs. 140.10, up by 1.65 points or 1.19% from its previous closing of Rs. 138.45 on the BSE. The scrip opened at Rs. 139.00 and has touched a high and low of Rs. 143.35 and Rs. 137.25 respectively. So far 2758634 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 143.35 on 16-Jan-2023 and a 52 week low of Rs. 82.50 on 26-May-2022. Last one week high and low of the scrip stood at R...
Federal Bank soars on reporting 58% rise in Q3 consolidated net profit
Federal Bank soars on reporting 58% rise in Q3 consolidated net profit
Source: Accord Fintech
16/01/2023 3:26:06 PM
Financiers prefer wind and solar over coal: Study Coal vs Renewables Financial Analysis 2022 identifies L&T Finance replacing SBI as the biggest financier in project finance for renewable energy in 2021. The fifth edition of Coal vs Renewable Financial Analysis, authored by Climate Trends and Centre for Financial Accountability (CFA), was released at CFA's annual energy finance conference hosted in collaboration with IIT Madras on Tuesday. While the total funding for new energy projects in 2021 is 60 per cent lower compared to ...
Financiers prefer wind and solar over coal: Study
Financiers prefer wind and solar over coal: Study
Source: IANS
7/12/2022 10:51:57 AM
Federal Bank further strengthens its Branch Footprint. Federal Bank today opened 6 more branches. 4 of these branches are located at Metros and 2 of them at unbanked rural areas. The new branches include Mehdipatnam in Telangana, Bangalore / Thanisandra in Karnataka, Kanpur Ashok Nagar in Lucknow, Jabalpur in Madhya Pradesh, Sirunesalur and Mathandakuppam in Tamil Nadu. The Bank has so far opened 44 branches this financial year till date which are equipped with ATMs, Safe deposit lockers, state-of-the-art platforms such as Fed-e-studio etc. and i...
Federal Bank further strengthens its Branch Footprint.
Federal Bank further strengthens its Branch Footprint.
Source: PR Agency
24/11/2022 3:29:04 PM
India banks reliance on bulk deposits rises amid strong credit growth, tight liquidity Indian banks may rely more on raising funds through certificates of deposits for the rest of the year, as credit demand remains strong and inflows from retail deposits lag, leading to tighter liquidity in the banking system, analysts said. Banks have raised over 3.51 trillion Indian rupees($42.41 billion) through certificate of deposits (CDs)in April-October, 22% higher than the 2.87 trillion rupees raised in 2021-2022, data from Prime Database showed. Mutual funds are the biggest buyers o...
India banks reliance on bulk deposits rises amid strong credit growth, tight liquidity
India banks reliance on bulk deposits rises amid strong credit growth, tight liquidity
Source: Reuters
3/11/2022 4:12:37 PM
Diwali Fundamental Muhurat Picks By Angel One Federal Bank * Federal bank is one of India's largest old generation private sector banks. At the end of Q2 FY2023 the bank had advances of Rs. 1.61 lakh cr. And deposits of Rs 1.89 lakh cr. The bank predominantly has a secured lending book which helped limit asset quality issues during the Covid 19 pandemic. * Federal Bank has posted a good set of numbers for Q2FY23 as NII, and Advances increased by 19.1%/19.9% YoY. Provisioning for the quarter was up by mere 9% YoY because of whic...
Diwali Fundamental Muhurat Picks By Angel One
Diwali Fundamental Muhurat Picks By Angel One
Source: Angel One Ltd
22/10/2022 2:06:16 PM
Oracle bets big on multi-cloud offerings for Indian government, public sector  As the Indian government doubles down on modernising its infrastructure in the digital era, Oracle on Thursday said its multi-Cloud offerings, which are fresh out of the oven, can help the public sector and state governments move to the cloud faster and in an efficient manner. Oracle has two multi-Cloud offerings, one is the database service for Microsoft Azure and the other one is 'One MySQL' database service for Amazon Web Services (AWS), which have generated great traction...
Oracle bets big on multi-cloud offerings for Indian government, public sector
Oracle bets big on multi-cloud offerings for Indian government, public sector
Source: IANS
20/10/2022 12:47:44 PM
Federal Bank zooms on reporting 52% rise in Q2 consolidated net profit Federal Bank is currently trading at Rs. 129.65, up by 4.85 points or 3.89% from its previous closing of Rs. 124.80 on the BSE. The scrip opened at Rs. 127.30 and has touched a high and low of Rs. 132.10 and Rs. 125.10 respectively. So far 2096236 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 132.10 on 14-Oct-2022 and a 52 week low of Rs. 78.70 on 27-Dec-2021. Last one week high and low of the scrip stood at R...
Federal Bank zooms on reporting 52% rise in Q2 consolidated net profit
Federal Bank zooms on reporting 52% rise in Q2 consolidated net profit
Source: Accord Fintech
14/10/2022 3:25:37 PM
Federal Bank`s social media command centre turns one Mumbai- FedHive, the digital command centre of Federal Bank, celebrated its first anniversary. Federal Bank, a digital forerunner, was one of the first banks to introduce a digital command centre of its own. FedHive is the digital war room which monitors the Bank’s digital moments with advanced features like social listening, brand monitoring, competition benchmarking, sentiment analysis, and crisis management. It helps the Bank in listening, analysing and engaging with users across all...
Federal Bank`s social media command centre turns one
Federal Bank`s social media command centre turns one
Source: PR Agency
10/10/2022 5:32:17 PM
Federal Bank logs 19% growth in advances Private sector Federal Bank's gross advances stood at Rs.163,956 crore as of September 2022 logging 19.4 per cent year-on-year (YoY) growth. In a regulatory filing Federal Bank said that its gross advances grew by 19.4 per cent to Rs.163,956 crore from Rs.137,313 crore as of September 30,2021. The retail credit book grew by 18.7 per cent and wholesale credit book grew by 20.2 per cent. Retail to wholesale ratio at 54:46. The bank's total deposits aggregated to Rs.189,146 cror...
Federal Bank logs 19% growth in advances
Federal Bank logs 19% growth in advances
Source: IANS
4/10/2022 12:29:27 PM
Masaba Gupta forays into the cosmo-wellness business LoveChild, Masaba Gupta's first cosmo-wellness collection, features a variety of high-performance colour cosmetics, skincare, and wellness products, created with colours that complement all skin tones and are formulated for every age group to embrace indigenous traits. The brand's genuine, welcoming, and jokingly bright packaging is developed with empathy at its core, offering a special expression of self-love. The brand caters to a market that values diversity in self-expression a...
Masaba Gupta forays into the cosmo-wellness business
Masaba Gupta forays into the cosmo-wellness business
Source: IANS
6/08/2022 4:50:38 PM