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Latest Articles in federal bank

Federal Bank Partners With Schwing Stetter India 

Federal Bank with its ‘Digital at the Fore and Human at the Core” mantra aims to become the most admired Bank of every stakeholder and the signing of the MoU with Schwing Stetter India is a step towards this end.

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Federal Bank Launches International Banking Services For Individuals In Gujarat

These retail products are in addition to the Bank’s existing line of Trade finance, Corporate loan and Treasury products from GIFT City branch.

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Federal Bank’s Q2 Net Profit Increases By 55% To Rs 488 Cr

Shares of Federal Bank were trading at Rs 100.80 apiece on BSE, up 4.40 per cent from the previous close.

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World Bank Arm IFC Holds Nearly 5% Stake In Federal Bank With Rs 916 Cr Capital Infusion

Increased financing for climate-friendly projects as well as more financing for small businesses to help accelerate India's economic recovery from COVID-19 are expected in the wake of a USD 126 million (Rs 916 crore) equity investment in the bank

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Federal Bank Records Highest Ever Operating Profit Of Rs.1135 Cr

Net Interest Income grew 9.41% on a Y-o-Y basis from Rs.1296.44 Cr to Rs.1418.43 Cr as on 30th June 2021.

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Federal Bank Launches AI-Powered Virtual Assistant For Customers

The bank said while most of the similar AI-powered virtual assistants are available only on its website, FEDDY can be accessed via Alexa, Google Assistant and WhatsApp.

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RBI Approves Reappointment Of Shyam Srinivasan As MD&CEO Of Federal Bank

Srinivasan is an alumnus of the Indian Institute of Management, Calcutta, and Regional Engineering College, Tiruchirapally.

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Federal Bank Board Approves Rs 916cr Fund Raise From IFC

Equity shares up to 104,846,394 at a price of Rs 87.39 each aggregating to approximately Rs 916.25 crore are proposed to be allotted to IFC, IFC Financial Institutions Growth Fund, LP (FIG) and IFC Emerging Asia Fund, LP (EAF),

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Federal Bank Standalone Net Jumps 59 % To Rs 478 Cr In Mar Quarter

Total income on a standalone basis, however, was down at Rs 3,832 crore in Q4FY21, as against Rs 4,108 crore in the corresponding quarter of FY20

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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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