Page 12 - Federal Bank

Federal Bank plunges 10% on weak Q4 results

The stock plunged 10% to Rs 90.65, trading close to its 52-week low of Rs 87.50 touched on February 6, 2018 on the BSE in intra-day trade.

Federal Bank rises 5% on news of 26% stake aquisition in Equirus Capital

The stock was up 5% at Rs 94.15 on the BSE in early morning trade after the private sector lender said that it will pick up 26% strategic stake in Equirus Capital, a financial services company.

Federal Bank to acquire 26% strategic stake in Equirus Capital

The deal is subject to statutory and regulatory approvals and satisfactory completion of financial and legal due diligence

Federal Bank hits record high on healthy Q2 results

The stock hit a new high of Rs 124, up 6% on the BSE after the bank reported 31% yoy growth in net profit at Rs 264 crore in Q2FY18.

Bank of Baroda, Federal Bank hope to catch them young

The two banks have chosen to go down two divergent paths in their quest for the young customer base

Federal Bank not ready for an exit from insurance JV: MD Shyam Srinivasan

Kerala-based Federal Bank Ltd today said that it is not planning to exit from the IDBI Federal Life Insurance, a joint venture between IDBI Bank, Federal Bank and European insurance firm Ageas.Commenting on the reports that the Bank is looking at for an exit from the insurance firm, Shyam Srinivasan, managing director & CEO, The Federal Bank Limited said, "we are not looking at exiting".There is a process of embedded value calculation going on to discover the value and the three partners in the joint venture are trying to figure out the value of the company.The joint venture agreement allows the Indian partners to reduce their stake, if the foreign partner wants to raise its holding. The other things at this point in time is pure speculation, he said.IDBI Federal Life Insurance Co Ltd, having commenced operations in 2008, was able to achieve breakeven within five years.The insurance firm has presence across the country through a network of 2,964 branches of IDBI Bank and Federal ..

Federal Bank gains on QIP launch

The stock up 3% to Rs 120 in intra-day trade after the bank has launched a QIP issue of Rs 2,500 cr.

Federal Bank launches Rs 2000 cr share sale to institutions

Citi, Deutsche Bank, IIFL Holdings and Kotak Mahindra Capital are the banks on the deal

Federal Bank to raise Rs 2,500 crore as growth capital

18-20% growth expected in the current financial year

Federal Bank is scouting for officers and clerks

Last date to apply for the vacancies is June 16, 2017

Federal Bank hits record high on strong Q4 results

At 11:17 am; the stock was up 5% at Rs 113 on BSE against 0.30% decline in the S&P BSE Sensex.

Federal Bank Q4 zooms 25 times to Rs 257 cr

Net NPAs also declined to 1.28% in March 2017 from 1.64% a year ago

Federal Bank Q4 profit jumps to Rs 257 cr as net NPAs ease

Balance sheet is consistently growing, naturally profitability have increased, says Shyam Srinvasan

Federal Bank's net rises 26% to Rs 206 cr in Oct-Dec qtr

Bank has registered a net profit of Rs 162.72 crore in the year-ago period

Federal Bank gains after huge block deals

The stock moved higher by 4.4% to Rs 72.40 on the BSE after a nearly 1% equity changed hands via bulk deals on the BSE and NSE.

Federal Bank dispenses Rs 2,000 note through recalibrated ATMs

Five ATMs of the bank have been re-calibrated to dispense the larger denomination notes

Federal Bank hits lifetime high post Q2 results

The stock rallied 8% to Rs 81.20 after the bank reported 25% YoY growth in profit at Rs 201 crore in Q2FY17.

Federal profit up 18%

To Rs 167.3 crore in the April-June quarter aided by higher other income growth

Federal Bank Q1 net grows 18% to Rs 167 crore

Total earnings of the bank increased to Rs 2,250.8 crore for the quarter under review, as against Rs 2,107.09 crore a year before

Federal Bank expects bad loans additions to be lower in FY17

The bank decided not to undertake any strategic debt restructuring or refinancing under the 5/25 scheme