Page 3 - Federal Bank

Federal Bank to buy additional 4% stake in Ageas Federal Life Insurance

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

Analysts bullish on Federal Bank after new CEO unveils plan for growth

The Federal Bank shares popped 2.03 per cent to hit an intraday high of Rs 183.35 per share

Not expecting higher slippages from unsecured book: Federal Bank ED

Additional provisions for existing NPAs in unsecured book, says Federal Bank ED

Federal Bank slumps 7% after profit declines in Q3 results; details here

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

Federal Bank's Q3FY25 results: Net profit down 5% at Rs 955 crore

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

Federal Bank hikes FD rate to 8%, adds special tenure with high interest

Bank has added a new tenure of 444 days, offering the highest interest rate of 7.50% for general citizens

Planning to buy a new car? Here are the best loan rates by several banks

The EMIs you pay on the loan will vary significantly depending on the interest rate

Ajit Mishra of Religare Broking suggests these three stocks to buy today

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

Federal Bank new savings account for seniors with insurance, lounge access

Esteem Savings Account is available for new and existing customers at all Federal Bank branches

Lodha, TVS Motor: 5 rate sensitive shares to bet on ahead of RBI policy

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.

Vinay Rajani of HDFC Securities recommends buying these 2 stocks on Nov 27

Analyst has suggested buying two banking stocks; Check out the target price and stop loss

Indian Hotels, Federal Bank, Coforge from BSE Midcap index hit record highs

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.

Panel Discussion: Fed or Food?

Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.

ACC, 2 pvt banks among 8 midcap stocks turn favourable on tech charts

The Nifty MidCap index has gained 3% from its recent low in the last three days. Amid this these 8 stocks have seen key momentum oscillators turn favourable on the daily chart.

Federal Bank shares climb 7% after posting Q2 results; PAT up 11% yoy

Federal Bank on Monday after market hours reported a 10.8 per cent Y-o-Y increase in its net profit for the second quarter ended September 30, 2024, with profits rising to Rs 1,056.7 crore

Federal Bank Q2FY25 results: PAT rises 10.8% on the back of income growth

The capital adequacy ratio (CRAR) of the bank, computed as per Basel III guidelines, stood at 15.20 per cent at the end of the quarter

Federal Bank shares jump 5% after MOFSL reiterates 'Buy' with 23% upside

Federal Bank shares surged to Rs 196.05 a piece in intraday day deals, rising up to 4.64 per cent on Monday

Amicus Capital invests Rs 125 cr in Equirus; Federal Bank partially exits

Private equity firm Amicus Capital on Friday announced that it has invested Rs 125 crore in Equirus Group, a late Rakesh Jhunjunwala-backed financial services firm, for an undisclosed stake. The investment is a combination of primary and secondary purchase of sales, a statement said, identifying private sector lender Federal Bank as having taken a partial exit. The new investors include Kishor Patil, Ajai Kumar, N Sivaraman, Yagnesh Dosshi, Krishna Jha, Anand Archak, Abhishek Goyal, Badri Mohapatra, Shankar Valiya and Deepak Singhal, it said. Equirus, which got Jhunjunwala's backing right at the time of inception, offers investment banking, insurance broking and asset management services. The money raised will be deployed for capital expansion, technology investments, strategic guidance, access to new networks, talent acquisition, operational improvements, and risk management, the statement said. "The Equirus platform offers life cycle solutions across the growth and wealth-creati

Deposits, pricing of loans may be key tasks for new Federal Bank CEO

Improving pricing power key for better RoA

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