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Federal Bank News

Federal Bank steps up efforts to grow credit card biz

Recently, the bank launched a mobile-first credit card in partnership with FPL Technologies, popularly known as OneCard.

January 18, 2023 03:25 IST

Federal Bank’s profit jumps 54% as advances rise

January 17, 2023 01:25 IST

Instant personal loan up to Rs 5 lakh with zero pre-closure charges launched by Fi Money

Fi Money has launched its lending services to offer users instant credit, in partnership with Federal Bank.

January 7, 2023 17:09 IST

This credit card offers Life Insurance cover up to Rs 3 lakh

Federal Bank Credit Card users will get a Group Credit Shield facility that offers life cover equal to the credit…

Updated: October 31, 2022 17:04 IST

Federal Bank profits up 53% in Q2 on lower provisioning

The bank’s net profit stood at 704 crore in Q2FY23 while its provisions declined 9% y-o-y to Rs 268 crore.

October 14, 2022 15:30 IST

Rakesh Jhunjhunwala stock: Federal Bank shares may rally 13% soon; derivatives, quantitative outlook strong

Rakesh Jhunjhunwala-owned Federal Bank stock could be gearing up for a 13% rally in just three months.

Updated: August 3, 2022 12:50 IST

Rakesh Jhunjhunwala stock: Brokerages bullish on Federal Bank stock, see 32% potential rally

Rakesh Jhunjhunwala’s portfolio stock Federal bank share price surged nearly 4 per cent to Rs 102.7 apiece on BSE on…

July 18, 2022 13:41 IST

The lender’s capital adequacy ratio as of June 30 declined to 14.57% from 14.64% a year ago.

Federal Bank PAT rises 63% in Q1; operating profit down 14%

Provision Coverage Ratio stood at 65.03% as on June 30 as compared to 65% a year ago.

July 16, 2022 00:00 IST

Rakesh Jhunjhunwala stock: Federal Bank reports modest Q4 results, analysts expect strong 45% upside

The lender reported its January-March quarter results last week where net profit rose 13.1% on year. Ace investor Rakesh Jhunjhunwala…

May 9, 2022 10:43 IST

Federal Bank posts 5.3% growth in total deposits

Federal Bank reported a 29% year-on-year increase in standalone net profits for Q3 of FY22 to Rs 521.73 crore, largely…

April 5, 2022 00:30 IST

Federal Bank sees multiple opportunities in fintech tie-ups

The Kerala-based lender believes that rather than competition, collaboration with fintechs will create the best experience for customers, and provide…

March 29, 2022 05:15 IST

Federal Bank’s subsidiary FedFina files IPO papers with Sebi

The public issue consist of a fresh issue aggregating up to Rs 900 crore and an Offer for Sale of…

February 19, 2022 22:00 IST

Q3 was a strong quarter built on strong fundamentals: Shyam Srinivasan, MD & CEO, Federal Bank

The bank continues to make good progress and credit quality is quite robust.

January 26, 2022 02:00 IST

RIL, Infosys, tcs, reliance industries, tata consultancy services kotak mahindra bank, federal bank, 52-week high, 52-week low, bse, nse, sensex

Kotak Mahindra Bank share hits new 52-week high even as Sensex falls 500 pts; Krsnaa, Sansera at 52-week lows

BSE Sensex and Nifty 50 were languishing near the day lows on the back of sell-off in the index heavyweights…

October 21, 2021 14:57 IST

Rakesh Jhunjhunwala-owned bank stock may surge 30%; brokerage bullish, check target prices

Rakesh Jhunjhunwala-owned Federal Bank’s share price may rally as much as 30% from current levels on the back of a…

October 6, 2021 14:17 IST

HDFC Bank, RIL, Avenue Supermarts, Federal Bank, Tech Mahindra, Birla Corp, Dhanlaxmi Bank stocks in focus

Nifty futures were in trading nearly half a per cent or 76.50 points down at 17,541.50 on Singaporean Exchange, suggesting…

October 4, 2021 08:09 IST

Buy these two stocks with strong technical setup; Nifty uptrend intact despite consolidation

On the 60 minute chart, the Nifty has bounced back on Wednesday from close to its 50 period MA. This…

September 9, 2021 08:39 IST

Nifty seen at 17700 by Dec-end: Buy ICICI Bank, SBI, other financial shares to gain from this rally

NSE Nifty 50 index is set to hit 17,700 levels by December 2021, as range bound volatility suggests the continuance…

September 2, 2021 14:33 IST

IFC investment to raise green portfolio financing: Federal Bank

The investment will support the bank’s commitment to environmental, social and governance standards, while strengthening its tier 1 capital adequacy…

July 30, 2021 05:30 IST

Provisions and contingencies stood higher at Rs 641.83 crore, against Rs 394.62 crore in the year-ago period. The provision coverage ratio (including technical write-offs) was strengthened substantially and stood at 78.66%.

Federal Bank Q1 net falls 8.3% on higher provisioning

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…

July 24, 2021 00:30 IST

Rakesh Jhunjhunwala buys 1 crore shares of Indiabulls Housing Finance in Apr-Jun 2021; stock surges 5%

Rakesh Jhunjhunwala acquired 1 crore shares or a 2.17 per cent stake in Indiabulls Housing Finance firm in the April-June…

July 22, 2021 11:13 IST

Rakesh Jhunjhunwala trims stake in Tata Motors after strong rally; Buys more Federal Bank shares

Rakesh Jhunjhunwala has trimmed his stake in Tata Motors in the April-June quarter, booking some profits after the massive rally…

Updated: July 22, 2021 10:01 IST

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