Highlights
Government has received Rs 134 crore from CONCOR as dividend tranche...
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New Delhi: Anup Chandra Pandey appointed as new Election Commissioner..
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New Delhi: LIC Chairman M R Kumar got nine-month extension from Govt..
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New Delhi: India Oil Refiners Shut for Work Before Likely Demand Pickup..
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PFC extended 3 crores support for construction of Dr. KB Hegdewar School..
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New Delhi: NBCC signs MoU with ALIMCO to contribute 100.62 lacs..
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New Delhi: BDL received order of Rs 372.98 crore to supply MRSAM Missile..
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New Delhi: Market-Cap of all good PSUs stood 19.45 Lakh..
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New Delhi:GAIL honored with Golden Peacock Award..
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New Delhi: HSCC's agreement of worth 1,800 crore for upgradation medical projects..
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Federal Bank news
Karur Vysya Bank Q2 FY23-24; Total business crossed Rs 1.5 Trillion
Highlights:
Total Business up by 14.15% YOY and 3.96% for the quarter.
Deposits up by 13.17% YOY and 2.92% for the quarter.
Loan Book grew at 15.33% YOY and 5.21% for the quarter.
CASA up by 3.40% YOY, CASA ratio stood at 32.26%.
Net Profit up by 53.86% YOY.
NIM at 4.13%, up by 15 bp
Posted Date : 16-10-23
Federal Bank Expands Its Footprint in Punjab, Inaugurates Branch in Rajpura
Mumbai: Federal Bank announced the grand inauguration of its 135th branch in the New Delhi Zone of the Bank taking the total to 1393 banking outlets.
The auspicious inauguration ceremony took place with esteemed dignitaries gracing the occasion. Ms. Neena Mittal (MLA Rajpura) inaugurated the bran
Posted Date : 27-09-23
Federal Bank Expands Its Footprint in Navi Mumbai
Mumbai: Federal Bank announced the grand inauguration of its 166th branch in the Mumbai Zone of the Bank taking the total to 1387 banking outlets.
The auspicious inauguration ceremony took place with esteemed dignitaries gracing the occasion.
Shri Satyavan Ubale, Chief Accounts & Fi
Posted Date : 08-08-23
RBI approved appointment of A P Hota as Federal Bank's Part-Time Chairman
New Delhi: The Reserve Bank of India gave approval to the appointment of Mr A P as the chairman of the Federal Bank Limited.
The Bank in its BSE filing states that RBI in its letter dated June 26, 2023, accorded its approval for the appointment of Mr A P Hota, Independent Director, as Part-Time C
Posted Date : 28-06-23
Harsh Dugar Appointed as Executive Director of Federal Bank
New Delhi: Harsh Dugar has been appointed as Executive Director of the Federal Bank after receiving approval from the Reserve Bank of India in this regard.
The approval has been received for a period of three years from the date of assuming charge. He would assume charge as Executive Director of
Posted Date : 23-06-23
Federal Bank unveiled its new campaign
New Delhi: Federal Bank in a first of its kind in banking history unveiled an extraordinary initiative, a micro-marketing project ‘I am Adyar, Adyar is me’ via its Adyar branch. Through this, Federal Bank attempts to showcase the soul of Adyar. The walls of the Adyar Branch are pain
Posted Date : 05-06-23
Federal Bank Inaugurates New Branch in Ambernath
Mumbai: Federal Bank proudly announces the inauguration of its Ambernath branch, marking its 163rd branch in the Mumbai Zone. The new branch is located at A7-10 Nana Patil Pride, Opp Old Police Station, Near Bethel Church, Kohojgaon, Ambernath (W).
The inauguration ceremony took place with esteem
Posted Date : 16-05-23
Federal Bank goes live with electronic Bank Guarantee in partnership with NeSL
NEW DELHI- Federal Bank has gone live with NeSL for the issuance of an electronic Bank Guarantee facility. With this partnership, customers of Federal Bank can now avail of a complete digital experience while getting a Bank Guarantee. This will, in due course, replace the traditional paper-based pro
Posted Date : 09-05-23
Federal Bank Registers 67% Growth in Net Profit; Delivers All Time High of Rs 903 Cr
New Delhi: Federal Bank announced its audited financial results for the quarter and year ended 31st March 2023 on May 5, 2023.
Highlights
• Net Profit at Rs 903 Cr, grew by 67% YoY
• Highest ever Operating Profit at 1335 Cr, grew by 67% YoY
• ROA for Q4 at 1.45% and ROE
Posted Date : 06-05-23
Tamil Nadu's Finance Minister inaugurated Federal Bank's new Chennai administrative office
NEW DELHI- Hon’ble Finance Minister Dr.PalanivelThiaga Rajan inaugurated the shifting of the Mount Road Branch, Zonal Office, Collection & Monitoring Departments, Credit Hubs and Wholesale Banking Units of Federal Bank at Akshaya Shanti, Mount Road, Chennai.
The new premises was inaugur
Posted Date : 22-04-23
Federal Bank partners with TANSIM to propel the start-up ecosystem in Tamil Nadu
Mumbai: Federal Bank, one of India's leading banks, TANSIM, the Tamil Nadu Government's startup initiative, and MindEscapes Innovation Center, Nilgiris, are collaborating to back start-ups in Tamil Nadu. The partnership aims to provide Tamil Nadu startups with loans and grants from Federal B
Posted Date : 23-02-23
Federal Bank Inaugurates 100KWp On-grid Solar Power Plant at Corporate Office
Mumbai: Federal Bank, a leading private sector bank in India, has inaugurated a 100KWp on-grid solar power plant at its corporate office, Federal Towers in Aluva. The solar plant was inaugurated by the Bank's MD & CEO, Shyam Srinivasan, in the presence of other senior executives of the Bank.
Posted Date : 22-02-23
Federal Bank celebrates 15 years of glorious presence in UAE
Federal Bank held a celebration event to mark 15 years milestone at UAE, bringing together employees, partners & customers
Mr Shyam Srinivasan, MD & CEO, met with HH Nahyan bin Mubarak Al Nahyan, Minister of State for Tolerance, UAE
Dubai, UAE – Federal Bank p
Posted Date : 09-02-23
Federal Bank appoints M V S Murthy as its first CMO
Chennai: Federal Bank appointed M V S Murthy as its first Chief Marketing Officer. He has been mandated to leverage marketing to help build scale by working on the intersection of Brand Communication, Customer Experience and Technology. The function has a horizontal play across the existing portfoli
Posted Date : 07-07-22
Federal Bank launches an exclusive feature-rich scheme for women
Chennai: Federal Bank, as part of its women empowerment agenda, launched a feature-rich Savings Bank product for women. The savings scheme is called Mahila Mitra Plus and provides a curated set of features, designed to make financial planning and investments easy for women.
Notable
Posted Date : 02-12-21
Federal Bank launches RuPay Signet Contactless Credit Card
Mumbai: Federal Bank joined hands with the National Payments Corporation of India (NPCI) to launch the ‘Federal Bank RuPay Signet Contactless Credit Card’. One of the major highlights of this card is, it comes with the lowest Annual Percentage Rate (APR) starting from just 5.88% per annu
Posted Date : 27-09-21
Federal Bank partners with Ashok Leyland
Chennai: Federal Bank, India’s leading Private Sector Bank today signed a Memorandum of Understanding (MoU), with Ashok Leyland, flagship of the Hinduja Group, the second-largest commercial vehicle manufacturer in India with their complete range of BS6 vehicles.
The MoU wa
Posted Date : 22-09-21
Federal Bank embraces advanced digital communication format, conducted 90th AGM
Chennai: Ninetieth Annual General Meeting of shareholders of Federal Bank was conducted over video conferencing today. The meeting was presided over by Bank’s Chairperson Ms. Grace Elizabeth Koshie and joined by other Directors, Shareholders, Senior Executives, representatives of Statutory Aud
Posted Date : 09-07-21
Federal Bank Q4 net profit: jumps 59% at Rs 478 crore
New Delhi: Private sector lender Federal Bank on Monday reported a nearly 59 percent jump in its standalone net profit at Rs 478 crore for the quarter ended March.
The bank had posted a net profit of Rs 301 crore in the same quarter of the fiscal year 2019-20.
The profit wa
Posted Date : 17-05-21
