Federal Bank Ltd Share Price (FEDERALBNK)

Federal Bank Ltd's Volume Surges on BSE - 08 Apr, 2024

Federal Bank Ltd saw a surge in trading volume on the Bombay Stock Exchange, with 35.19 lakh shares traded by 10:47 IST, which is 5.95 times higher than the two-week average daily volume of 5.91 lakh shares.

Federal Bank Reports Strong Deposits and Advances Amid Calls for LCR Review - 05 Apr, 2024

Federal Bank reports an increase in overall deposits and advances while bankers call for a periodic review of LCR stipulations following recent events at US-based banks.

Federal Bank Reports Strong Growth in Gross Advances and Deposits - 04 Apr, 2024

Federal Bank reports a 20% YoY increase in gross advances to Rs 2,12,758 crore and an 18% YoY increase in total deposits to Rs 2,52,583 crore for Q4FY24. Brokerages have mixed opinions on the stock.

Federal Bank Reports Strong Growth in Deposits and Advances - 03 Apr, 2024

Kochi-based Federal Bank reported an 18.4% YoY increase in total deposits to Rs 2,52,583 crore and a 19.9% YoY increase in gross advances to Rs 2,12,758 crore as of March 2024.

Federal Bank Expects Strong Growth in FY25 - 28 Mar, 2024

Federal Bank is expected to see strong growth in FY25 as it expands its branch network and increases its presence in the west. The bank has seen impressive financial performance over the past few years, with high EPS growth and insider alignment with shareholders.

Federal Bank Expands Branch Network Across India - 27 Mar, 2024

Federal Bank has opened 140 branches this fiscal year, aiming for a pan-India network of 1,500 branches by the end of FY24. The bank is focusing on gold loans, agri loans, and small business lending products, with new branches concentrated in tier-2 and tier-3 unbanked rural centers. Federal Bank's MD Shyam Srinivasan said digital push will continue, with plans for WhatsApp-based credit card applications and processing systems.

Federal Bank Opens 600th Branch in Kerala - 26 Mar, 2024

Federal Bank has opened its 600th branch in Tanur, Kerala, reaffirming its dominance in the state and expanding its service portfolio to meet customer needs.

Federal Bank Launches NCMC-Enabled RuPay Smart Keychain - 22 Mar, 2024

Federal Bank has launched a smart keychain, Flash Pay, which can be used for contactless payment transactions up to Rs 5,000 at NCMC-enabled metro stations without having to buy tickets or cards. The per day limit is set at Rs 1,00,000 at any POS terminal.

Federal Bank Stops Issuing Co-Branded Credit Cards - 18 Mar, 2024

Federal Bank has stopped issuing new co-branded credit cards in compliance with the Reserve Bank of India's amended rules for credit and debit cards. The bank was instructed by the RBI to cease issuing such cards.

SEBI Exempts FPIs from Additional Disclosures for Corporate Groups - 16 Mar, 2024

The Securities and Exchange Board of India (SEBI) has exempted foreign portfolio investors (FPIs) from making additional disclosures related to corporate groups if they have already invested 50% of their total assets under management in the country, subject to certain conditions. This move is aimed at addressing concerns over concentrated control in companies managed by professionals without a clear promoter, such as Federal Bank.

Federal Bank Expands Banking Services to Fintech Sector - 15 Mar, 2024

Federal Bank has expanded its banking services to the fintech sector, which is positive for the bank in the long term. However, there may be short-term issues due to some startups engaging in activities that RBI does not approve of.

Federal Bank Shares Plunge After RBI Restrictions - 14 Mar, 2024

The Reserve Bank of India has barred Federal Bank from issuing co-branded credit cards, causing the bank's shares to plunge by 5.50%. Insider selling also raises investor concerns despite the bank's growing profits.

Federal Bank Halts Co-Branded Credit Card Issuance - 13 Mar, 2024

The Reserve Bank of India has asked Federal Bank and South Indian Bank to halt the issuance of new co-branded credit cards, marking a step towards increased regulatory scrutiny. Federal Bank is in the process of rectifying the areas that are deficient and will seek regulatory clearance prior to resumption of new issuance.

Nifty Bank Index Witnesses Short Buildup, Federal Bank Among Stocks Under Pressure - 12 Mar, 2024

Most banking stocks in the Nifty Bank index witnessed a short buildup, including Federal Bank, which saw selling pressure. HDFC Bank was the only gainer in the index. This suggests that banking stocks could remain under pressure in the coming days.