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Federal Bank Ltd News

Federal Bank shares hit new peak after reporting robust growth in Q1FY25

Federal Bank reported robust growth in its financial metrics for the first quarter of fiscal year 2024-25 (FY25). The bank's advances surged by 20 per cent, reaching Rs 2.66 trillion

Federal Bank shares hit new peak after reporting robust growth in Q1FY25
Updated On : 03 Jul 2024 | 12:47 PM IST

Why are FIIs buying bank stocks, and will this momentum sustain?

Analysts believe a likely pick up in credit growth and hopes of a rate cut by the Reserve Bank of India should keep the momentum alive in bank stocks.

Why are FIIs buying bank stocks, and will this momentum sustain?
Updated On : 20 Jun 2024 | 11:39 AM IST

Federal Bank stock gains 4% amid speculations over new MD and CEO

Federal Bank's stock price surged up to 4.1 per cent at Rs 174.60 per share on the BSE in Wednesday's intraday deals

Federal Bank stock gains 4% amid speculations over new MD and CEO
Updated On : 12 Jun 2024 | 2:15 PM IST

Federal Bank Q4 results: Profit flat at Rs 906 cr due to pension expense

Bank in advance stages of submitting new CEO names to RBI

Federal Bank Q4 results: Profit flat at Rs 906 cr due to pension expense
Updated On : 02 May 2024 | 6:50 PM IST

Federal Bank Q4 results: Net profit flat at Rs 906 cr, total income up 23%

Federal Bank on Thursday reported a flat net profit of Rs 906 crore in the March 2024 quarter. The bank had a net profit of Rs 903 crore in the fourth quarter of the 2022-23 fiscal. Its total income rose 23.42 per cent to Rs 6,732 crore in the January-March period. The net interest income grew 15 per cent to Rs 2,195 crore. For the full 2023-24 fiscal, Federal Bank's net profit grew 24 per cent to Rs 3,721 crore. In 2022-23, the bank had a net profit of about Rs 3,011 crore. The bank's board also recommended a dividend of 60 per cent per equity share having a face value of Rs 2 for the year ended March 2024. Federal Bank Managing Director & CEO Shyam Srinivasan said, "With a 10 per cent increase in our footprint, our branches now dot the map, across the length and breadth of India. The physical distribution is buttressed with significant investments in technology and digital capabilities, helping us serve clients in over 15,000 pin codes." Shares of Federal Bank were trading at R

Federal Bank Q4 results: Net profit flat at Rs 906 cr, total income up 23%
Updated On : 02 May 2024 | 3:26 PM IST

Federal Bank hits record high amid report KVS Manian may join as MD & CEO

Federal Bank news: According to reports, KVS Manian could replace Federal Bank's MD and CEO Shyam Srinivasan, whose term ends in the last week of September 2024

Federal Bank hits record high amid report KVS Manian may join as MD & CEO
Updated On : 02 May 2024 | 12:05 PM IST