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Latest Articles in federal bank

Federal Bank aims 'mid-teen' growth in credit for FY22

The bank is 'fairly close' to the objective of having a 55:45 split in the loan book between retail and wholesale loans, and would like to maintain it the same way going ahead as well.

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Federal Bank reports Q3 operating profit at Rs 963 crore

Federal Bank reports Q3 operating profit at Rs 963 crore

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Federal Bank Q3 Profit Declines 8 Pc To Rs 404 Cr

Total income, however, improved to Rs 3,941.36 crore during the third quarter as against Rs 3,738.22 crore a year ago, Federal Bank said in a regulatory filing.

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Federal Bank Expects spurt in NPAs in next two quarters if eco conditions do not improve

The bank had reported slippages at Rs 3 crore for the September quarter but disclosed that the same number would have been Rs 237 crore if not for the mandates on stress treatment. It had also set aside money as provisions as per the higher number.

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Fintech Companies Are Collaborators Than Competitors: Federal Bank MD & CEO

While e-interacting with Dr. Annurag Batra, Editor-in-Chief of BW Businessworld, in one of the episodes of BW Dialogue, Srinivasan stated, “It is a win-win proposition for both of us.

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Federal Bank & Innoviti Tie-Up To Extend Affordability In Times Of COVID Crisis Through Debit Card EMI On POS Terminals

Processing over 6.5B$ of annualized offline merchant payment volume (~5% of India’s offline merchant volume, based on RBI data), Innoviti is transforming digital payments at scale.

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IDBI Bank offloads 27 pc stake in IFLI for Rs 595 cr

IDBI Bank offloads 27 pc stake in IFLI for Rs 595 cr

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Visa Partners With Federal Bank For Rolling Out Visa Secure For E-commerce

The collaboration aims to enhance authentication, leading to faster and more secure payments.

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IDBI Bank to fetch Rs 595 crore by divesting 27 pc stake in IFLI

Federal Bank's holding will now go up to 30 per cent and Ageas' to 49 per cent, the maximum permissible for a foreign partner in a life insurance venture.

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MoneyGram Partners With Federal Bank To Expand Account Deposit Capabilities For Millions

India remains the world's top recipient of remittances and is estimated to have received more than 82 billion dollars in remittances in 2019.

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Federal Bank Q3 Net Profit Up By 32% To Rs 441 Crore

Gross non-performing assets as a percentage of total advances were at 2.99 per cent in the December quarter compared with 3.07 per cent in the September quarter and 3.14 per cent in the year-ago quarter.

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Federal Bank Elevates Shalini Warrier As Additional Executive Director

In May last year, Warrier took additional charge as Business Head for Retail Products. A member of the Institute of Chartered Accountants of India, she is also a certified associate of the Indian Institute of Bankers.

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Federal Bank Q2 Profit Up 57% To Rs 417 Crore, NII Jumps 10%

Total advances grow from Rs 1 lakh crore to Rs 1.15 crore and total deposits increased from Rs 1.18 lakh crore to Rs 1.39 lakh crore as on September 30, marking a growth of 18 per cent.

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Federal Bank Launches Payment Gateway For remittances to Kerala Government

Federal Bank has set up online payment gateway for making remittances of various fees to the departments of Kerala state

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Federal Bank Second-Quarter Profit Rises, Beats Estimates

Net profit rose to Rs 2.64 billion in the quarter ended September 30, the mid-sized private-sector lender said on Monday (16 October)

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