The investment will support the bank’s commitment to environmental, social and governance standards, while strengthening its tier 1 capital adequacy ratio (CAR) and expanding MSMEs and climate finance portfolios.
The bank recorded the highest-ever operating profit of Rs 1,135.18 crore in the quarter, 22% higher y-o-y. Net interest income grew 9.41% to Rs 1,418.43 crore while other income grew 33.13% to reach Rs 650.15 crore.
Using their three-factor stock filtration model, domestic brokerage firm ICICI Direct has arrived at two stocks that it believes have the potential to hand investors significant returns in the near term.
While the banking and financial sector continues to stay under the scanner with investors expecting a sharp jump in non-performing assets that will affect the profitability of lenders, Federal Bank is finding itself to be fav
With its larger peers busy in cleaning up their balance sheets, South-based private sector lender Federal Bank is looking at it as an opportunity to grow business and expects 15-20 per cent credit growth in the next financial
Federal Bank on Tuesday said its net profit for the July-September quarter fell 32.88% to Rs161.28 crore compared to the same period last year, even as the lender saw a considerable rise in its provisions.