Page 12 - Federal Bank
Federal Bank executive director Ganesh Sankaran resigns; stock falls 7%
The stock slipped 7% to Rs 89 after Ganesh Sankaran, Executive Director, announced that he will step down with effect from February 15, 2019.
 "Federal Bank executive director Ganesh Sankaran resigns; stock falls 7%")
Federal Bank earnings likely to improve as credit costs stabilise
Bank rebalancing its loan book to improve profitability, return ratios
 "Federal Bank earnings likely to improve as credit costs stabilise")
Federal Bank's Q2 net profit rises 0.9% on higher interest income
Net profit was Rs 2.66 billion ($36.08 million) in the quarter ended September 30, compared with Rs 2.64 billion a year earlier
How women got a seat at Fed's Jackson Hole under CEO Esther George
Nationwide, there are about three males for every female economics major, based on research by Harvard University
 "How women got a seat at Fed's Jackson Hole under CEO Esther George")
Federal Bank stock gains 20%: Asset quality in Q1 surprises street
Expect further improvement in loan growth
Federal Bank approves to sell 26% stake in subsidiary to True North
The investment will help FedBank Financial Services Limited augment its capital base primarily to support its growing asset business and to grow its branch network
 "Federal Bank approves to sell 26% stake in subsidiary to True North")
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 to acquire 26% strategic stake in Equirus Capital")
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
 "Bank of Baroda, Federal Bank hope to catch them young")
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 not ready for an exit from insurance JV: MD Shyam Srinivasan")
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 gains on QIP launch")
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 launches Rs 2000 cr share sale to institutions")
Federal Bank to raise Rs 2,500 crore as growth capital
18-20% growth expected in the current financial year
 "Federal Bank to raise Rs 2,500 crore as growth capital")
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 Q4 profit jumps to Rs 257 cr as net NPAs ease")
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