Page 12 - Federal Bank

We still have to reach our full lending potential: Federal Bank chief

In a Q&A Shyam Srinivasan, MD & CEO, Federal Bank, says the lender's personal loan book has grown to Rs 1,000 crore the past 18-24 months, and it is delivered entirely digitally

Federal Bank Q4 net up 163% to Rs 381 cr on interest margins, fee income

Gross NPAs as a percentage of gross advances, came down to 2.92% as of March 2019 from 3% in March 2018

Federal Bank Q4 net jumps two-fold to Rs 381 cr on higher interest income

Provisioning for bad loans during the quarter more than halved to Rs 177.76 crore, as against Rs 371.53 crore in the corresponding period of 2017-18

Federal Bank dips 5% post December quarter earnings

The stock was down 5 per cent at Rs 87, falling 7 per cent from intra-day high of Rs 93 on the BSE on back of heavy volumes.

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 earnings likely to improve as credit costs stabilise

Bank rebalancing its loan book to improve profitability, return ratios

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

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 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