The Nifty index has encountered profit booking during the initial half hour, leading to a decline towards the 24,500 zone; Check strategy, stock picks
Technically, the Golden Cross formation is considered as a positive development for the stock. Here's a detailed list of 12 Nifty 500 stocks with Golden Cross formation on May 30, 2025.
We have 18-20 per cent market share in Kerala, which is a huge regional strength, and now we want it to be a more nationally-recognised bank, says Federal Bank MD
Private lender says it is increasing charges to meet operational costs and promote digital banking
Federal Bank's consolidated profit rose by 12.37 per cent to Rs 1,091 crore for the March quarter, helped by a jump in non-interest income. On a standalone basis, the private sector bank's Q4 net moved up to Rs 1,030 crore from Rs 906 crore in the year-ago period. The core net interest income grew 8 per cent to Rs 2,377 crore from Rs 2,195 crore, and was marginally down when compared with the quarter-ago period's Rs 2,431 crore. The non-interest income grew 33 per cent on-year to Rs 1,006 crore, the highest ever under the category achieved by the bank. The net interest margin narrowed to 3.12 per cent during the quarter from 3.21 per cent. Its chief executive and managing director K V S Manian said nearly half of the bank's book is linked to the external benchmark of repo rate, and automatically gets repriced with every cut in the policy rate by RBI. Speaking with reporters, he said the bank will deploy all efforts possible to protect the NIMs, but conceded that there are "downwa
Sequentially, the profit was up by 8 per cent from Rs 955 crore in Q3FY25
Warrier, who joined the bank as the chief operating officer (COO) in 2015, took on the additional responsibility of business head of retail banking products in 2019
The upward movement in Federal Bank's stock price came after the Hong Kong-based brokerage CLSA initiated coverage on the stock with an 'Outperform' rating.
Federal Bank on Friday said it has signed an agreement to acquire an additional 4 per cent stake in Ageas Federal Life Insurance Co Ltd (AFLIC) from Ageas Insurance International. In a BSE filing, Federal Bank said it has executed a "binding Memorandum of Understanding" today with Ageas Insurance International NV (Ageas) and Ageas Federal Life Insurance Co Ltd (AFLIC) for the acquisition. The acquisition is contingent upon execution of Share Purchase Agreement (SPA) between the parties, satisfaction of customary conditions precedent to be set forth in the SPA, and regulatory approvals, it added. With this, the stake of Federal Bank in Ageas Federal will rise to 30 per cent, from 26 per cent. The board of Federal Bank had on March 25 approved signing of the MoU with Ageas. It further said Reserve Bank has accorded its approval to Federal Bank for acquisition of additional 4 per cent stake in AFLIC for up to Rs 105 crore. Ageas Federal Life Insurance is a joint-venture between Agea
The Federal Bank shares popped 2.03 per cent to hit an intraday high of Rs 183.35 per share
Additional provisions for existing NPAs in unsecured book, says Federal Bank ED
Federal Bank share slipped 6.72 per cent at Rs 661.20 a piece on the BSE in Tuesday's intraday trade after the bank released its financial results for the third quarter ending December 31, 2024
The total deposits rose by 11.2 per cent YoY to Rs 2.66 trillion as of December 31, 2024, while net advances rose by 15.6 per cent YoY to Rs 2.30 trillion
Bank has added a new tenure of 444 days, offering the highest interest rate of 7.50% for general citizens
The EMIs you pay on the loan will vary significantly depending on the interest rate
Stocks to Buy Today: Infosys share price has recently broken out of a three-month consolidation phase and reclaimed its all-time high. We expect this upward momentum to persist
Esteem Savings Account is available for new and existing customers at all Federal Bank branches
Technical charts suggest that stocks like TVS Motor, Lodha, DLF, Jio Financial Services and Federal Bank can potentially rally up to 19 per cent from present levels.
Analyst has suggested buying two banking stocks; Check out the target price and stop loss
Shares of Coforge hit a new high of Rs 8,236.95, gaining 3%, and zooming 71% in six months, on a strong growth outlook.