Page 8 - Federal Bank

IndusInd, AU SFB: Mid-cap banks roar as Nifty Bank fires above 36,000

Barring Federal Bank, other mid-cap banks like RBL Bank, IndusInd Bank, AU Small Finance Bank and IDFC First Bank are yet to conquer their crucial resistances

This private sector bank from Jhunjhunwala's portfolio is up 29% in 1-month

Shares of Federal Bank hit a three-year high at Rs 109.40, and have gained 12 per cent in the last four trading sessions on the back of healthy Q1 performance.

Federal Bank's Q1 net jumps 64% to Rs 601 cr in best-ever quarterly show

Stronger bottomline supported by lower provisions and healthy NII

RBI fines Federal Bank Rs 5.7 cr for flouting insurance broking norms

Banking regulator imposes fine of Rs 70 lakh on Bank of India for non-compliance with KYC norms

RBI imposes penalties on Federal Bank, BoI for non-compliance of norms

Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 5.72 crore on Federal Bank for deficiencies in regulatory compliance. A penalty of Rs 70 lakh has also been imposed on Bank of India for non-compliance with certain provisions of Know Your Customer (KYC) norms and instructions on 'compliance function in banks' issued by RBI, it said in a statement. About Federal Bank, RBI said the bank failed to ensure that no incentive (cash or non-cash) was paid to its staff engaged in insurance broking/corporate agency services by the insurance company, according to a separate statement. RBI had carried out Statutory Inspection for Supervisory Evaluation (lSE) of the bank with reference to its financial position as on March 31, 2020. In another statement, RBI said a fine of Rs 7.6 lakh has been imposed on Dhani Loans and Services Limited, Gurugram for non-compliance with KYC norms. RBI said the penalities are based on the deficiencies in regulatory compliance and is not .

Federal Bank's loan book grows 16.3% YoY to Rs 1.54 trillion in Q1

The Federal Bank's gross advances stood at nearly Rs 1.33 trillion at end of June 2021 (Q1FY22) and Rs 1.48 trillion at end of March 2022 (Q4FY22)

F&O Strategy: Nandish Shah recommends a Bull spread on Federal Bank

The technical analyst from HDFC Securities recommends buying Federal Bank 95 Call and simultaneously selling 100 Call for the June expiry.

Good times may be around the corner: Federal Bank CEO Shyam Srinivasan

'On balance, most of us have come out fairly unscathed with good-quality provisioning and portfolios', said Srinivasan

Options Trading: Vinay Rajani recommends buying Federal Bank Put

The technical analyst from HDFC Securities reommends buying Federal Bank 85 Put with a stop loss at Re 1.

Lower provisions drive Federal Bank Q4 net up 13% to Rs 541 cr

NIM of the lender rose 7.38% to Rs 1,525.21 crore in Q4FY22, from Rs 1,420.37 crore in the year-ago period

Federal Bank's advances rise 10% to Rs 1.47 trn in FY22; deposits up 5%

The private sector lender's interbank deposits plunged by 62% to Rs 1,162 crore during the year ended March 2022, and the certificates of deposit fell by 59.3% to Rs 2,437 crore.

Federal Bank shares rise over 2% as subsidiary files DRHP with Sebi

Shares of Federal Bank on Monday gained over two per cent after its subsidiary Fedbank Financial Services Ltd (FedFina) filed preliminary papers with markets regulator Sebi for IPO

Stocks to Watch: IndiGo, RIL, Hinduja Global, Federal Bank, Brightcom

Auto shares are likely to be in focus as car makers are looking to ramp up production by an average 18-20 per cent in the March quarter, as the shortage of semiconductor eases.

Axis, ICICI, IndusInd Bank: Select pvt lenders poised for up to 10% upside

The Federal Bank stock is attempting a breakout on the upside by crossing Rs 103 level, the Relative Strength Index (RSI) has formed a positive crossover indicating a bullish strength.

Stocks to Watch: Axis Bank, Brightcom, Cipla, Federal Bank, Pidilite, IT

BHEL, Birlasoft, Canara Bank, Fino Payments Banks, LIC Housing Finance, MayMyIndia, McDowell Holdings, PNB, RBL Bank and Wockhardt to announce results today.

Federal Bank's Q3 net profit rises 29% to Rs 522 cr on lower provisions

Net interest income rose by 7% to Rs 1,539 cr

Federal Bank gets board approval to raise up to Rs 700 cr through bonds

Federal Bank on Wednesday said it has received approval from its board of directors to raise up to Rs 700 crore by issuing bonds on a private placement basis

Federal Bank arm Fedbank Financial Services gets board approval for IPO

The board approval is subject to market conditions and receipt of applicable approvals

Federal Bank Q3 advances up 12% YoY, top those of most other lenders

Its pace of loan book expansion was higher than the 7.3 per cent YoY growth shown by commercial banks in India as a group till middle of December 2021

Stocks to Watch: NDTV, RIL, Raymond, Hero Moto, Nykaa, Federal Bank

Weekly futures & options expiry and news related to Omicron could sway the market movement