Page 11 - Federal Bank

Federal Bank's Q1 PBT declines 8.9% to Rs 537.76 cr on rise in provisions

Its net profit for the quarter under review rose to Rs 400.77 crore compared to a net profit of Rs 384.21 crore in Q1FY20

Federal Bank focuses on gold loans amid Covid-19 to drive credit demand

The bank is targeting gold loan growth to touch 35 per cent during FY21 as against 29 per cent in FY20

Investors advised caution, shouldn't be gung-ho about banks' Q1 updates

Moratorium extension and business flow from March may have influenced figures

Federal Bank to buy another 4% stake in its JV from IDBI Bank for Rs 80 cr

The stake buy from the state-run IDBI Bank will take Federal Bank's stake in the 12-year-old company to 30%

Foreign portfolio investors to pick up $300-million stake in YES Bank

The FPIs are in advanced talks with an Indian bank to act as a custodian.

Nifty view & stock picks by CapitalVia: Buy Federal Bk, Jubilant FoodWorks

Nifty managed to close above 10,000 ahead of weekly expiry and is likely to expire above this important level.

Federal Bank's Q4 PBT declines 32% over provisions for Covid-19 pandemic

The bank's provision coverage ratio improved to 72.48 per cent at end of March 2020, up from 67.16 per cent in March 2019

Market Ahead, May 28: Top factors that could guide markets today

A total of 24 companies, including TVS Motor, Lupin, and Federal Bank, are scheduled to announce their March quarter results today

Private lenders' 'act of kindness' to YES Bank irks investors

Peers investing indicates other investors' reluctance; banks must conserve capital first before bailing out the private lender

Investments in YES Bank aimed at providing stability, says SBI chief

SBI Card, the second largest largest credit card issuer in the country, got listed at 13 per cent discount at Rs 658 on the BSE, against the issue price of Rs 755.

Federal Bank to invest Rs 300 cr in Yes Bank at Rs 10 per equity share

SBI is investing Rs 7,250 crore in the ailing lender. LIC, HDFC, ICICI, Axis and Kotak Mahindra and other investors have also come forward to invest in it

Yes Bank crisis: Federal Bank to invest Rs 300 cr for 300 mn shares

The Union Cabinet on Friday approved a reconstruction plan proposed by the RBI for bailing out fund-starved Yes Bank.

Federal Bank Q3 PBT up 12.6%, treats 2 HFC exposures as bad loans

It had posted a PBT of Rs 517.71 crore in quarter ended December 2018 (Q3Fy19)

Federal Bank elevates Shalini Warrier to the post of executive director

Warrier has been the chief operating officer of the bank since November 2015, and also holding the additional responsibility of business head of retail banking since May 2019.

Federal Bank ties up with Magicbricks to recover dues from 30 big accounts

The lender will be listing and e-auctioning the properties it repossessed from defaulters on the realty portal

Slowdown in SME sector can hurt mid-sized private banks, be selective

RBL, Federal and City Union appear better-placed to handle the potential SME loans-related woes; investors should be cautious on DCB and Karur Vysya

Mastercard, Federal Bank join hands to make digital transactions safer

Mastercard has entered into a partnership with Federal Bank to offer identity check to the bank's cardholders, it said in an announcement

Maruti Suzuki partners Federal Bank for dealer loans, automobile financing

Federal Bank MD and CEO Shyam Srinivasan said the arrangement will help the bank offer end-to-end solution for dealers and retail banking customers.

Federal Bank's Q2 reiterates the importance of retail, small-ticket loans

Retail and small-ticket business loans have been a key source of loan book growth, but pricing power is being put to test

Federal Bank Q1 net profit up 46% to Rs 384 crore as bad loans ease

It earned Rs 3,229.30 crore as interest income in the June quarter of this financial year