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
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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.
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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.
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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 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
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 surged to Rs 196.05 a piece in intraday day deals, rising up to 4.64 per cent on Monday
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
Improving pricing power key for better RoA
SmilePay replaces the need for cash, cards, or mobile devices, instead relying on advanced facial recognition software
Mainland Chinese blue chips added 0.4%, although Hong Kong's Hang Seng slipped 0.3%
Net interest income (NII) improved 19 per cent year-on-year to Rs 1,919 crore while other income increased by 25 per cent to Rs 915 crore