Federal Bank

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Federal Bank - Total results - 50
MoneyGram partners with Federal Bank; tie-up aims to expand account deposit capabilities for millions
Business

MoneyGram partners with Federal Bank; tie-up aims to expand account deposit capabilities for millions

Federal Bank enjoys a market share of more than 15 percent of the remittance market in India, and the tie-up with MoneyGram is expected to provide a further boost to this business.

Yes Bank Q4 results: Private lender posts Rs 2,629 cr net profit on gains from AT-1 bond write-off
Business

Yes Bank Q4 results: Private lender posts Rs 2,629 cr net profit on gains from AT-1 bond write-off

Yes Bank had a loss of Rs 18,560 crore loss in the December quarter while the loss was at Rs 1,506 crore in the March 2019 quarter.

Banking declared as public utility service for six months till 21 October; employees will not be able to go on strikes
Business

Banking declared as public utility service for six months till 21 October; employees will not be able to go on strikes

All public sector banks, old generation private sector banks like HDFC Bank, ICICI Bank, Axis Bank and Federal Bank are members of IBA

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers
Business

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers

Bank shares on Friday dropped up to 15 percent after Moody's Investors Service changed the outlook for the Indian banking system to negative from stable

Banking shares hit hard as markets continue to reel under pressure; BSE Bank index fell by 4.46%
Business

Banking shares hit hard as markets continue to reel under pressure; BSE Bank index fell by 4.46%

From the index companies, Yes Bank and RBL Bank defied the bearish trend and closed the day with gains.

China’s growing interest in India’s auto market, Federal Bank’s asset quality improves in Q3; all this and more on Moneycontrol Pro
Business

China’s growing interest in India’s auto market, Federal Bank’s asset quality improves in Q3; all this and more on Moneycontrol Pro

China’s interest in India’s automobile sector could be tactical, getting a foot in the door because an opportunity presented itself.

Vedanta gets access to NALCO's alumina, govt demands higher dividend from oil PSUs; all this and more on Moneycontrol Pro
Business

Vedanta gets access to NALCO's alumina, govt demands higher dividend from oil PSUs; all this and more on Moneycontrol Pro

The Supreme Court allowed Vedanta access to Nalco’s alumina if it fulfils certain conditions.

IMF report warns of rising risks in economy, Reliance in bullish trend; all this and more on Moneycontrol Pro
Business

IMF report warns of rising risks in economy, Reliance in bullish trend; all this and more on Moneycontrol Pro

The IMF says that ultra-low and negative interest rates have led to a desperate search for yield among investors, leading to overvaluation of assets.

Federal Bank standalone profit rises 56.6% to Rs 417 cr in Q2; gross NPAs decline to 3.07%
Business

Federal Bank standalone profit rises 56.6% to Rs 417 cr in Q2; gross NPAs decline to 3.07%

Federal Bank on Wednesday reported a 56.63 percent jump in its standalone net profit to Rs 416.70 crore for the second quarter ended on 30 September 2019

Most banks fail on policies of climate change, human rights; inaction leaves sector vulnerable to investment risks: Report
Business

Most banks fail on policies of climate change, human rights; inaction leaves sector vulnerable to investment risks: Report

As per the Fair Finance Guide India scorecard, three out of eight Indian banks have scored high on parameters of financial inclusion and corruption.

Viral Acharya's parting message: Set up independent body to rein in fiscal deficit; invokes SD Burman's music in Pyaasa to say less is more
Business

Viral Acharya's parting message: Set up independent body to rein in fiscal deficit; invokes SD Burman's music in Pyaasa to say less is more

Viral Acharya made a strong case for reducing the government borrowing and making more resources available for the private sector

Federal Bank's third quarter net profit rises 28% to Rs 334 cr; lender's gross NPA increases to 3.14%
Business

Federal Bank's third quarter net profit rises 28% to Rs 334 cr; lender's gross NPA increases to 3.14%

The total income of the lender also improved to Rs 3,299.96 crore during the third quarter as against Rs 2,729.83 crore in the year-ago period, Federal Bank said in a regulatory filing.

Stock markets expected to perform better in 2019; here are 10 stocks that could give good returns in 2019
Business

Stock markets expected to perform better in 2019; here are 10 stocks that could give good returns in 2019

We believe the markets will be likely in a consolidation mode going forward with some correction that can bring down the valuations to a cheaper level. Risk aversion will be the flavor

Federal Bank reports Rs 266 cr net profit in Q2; gross non-performing assets rise to 3.11%
Business

Federal Bank reports Rs 266 cr net profit in Q2; gross non-performing assets rise to 3.11%

For the first half of the current fiscal, Federal Bank's net profit stood at Rs 528.75 crore, up from Rs 473.85 crore in the comparable period of 2017-18.

RBI imposes Rs 5 cr penalty on Federal Bank for non-compliance on data reporting of large borrower exposures; other norms
Business

RBI imposes Rs 5 cr penalty on Federal Bank for non-compliance on data reporting of large borrower exposures; other norms

South-based Federal Bank has been penalised Rs 5 crore for non-compliance on reporting of large borrower exposures and non-payment of customer compensations, among other deficiencies, the Reserve Bank said Wednesday.

Kerala floods to impact microlenders, general insurers, gold financiers: India Ratings report
Business

Kerala floods to impact microlenders, general insurers, gold financiers: India Ratings report

India Ratings said apart from the MFIs, two-wheeler and consumer durables financiers will have to take severe haircuts, while the pain will be a bit lesser for agriculture loans, motor insurance and loans against property

Google for India: Digital payment app Tez has now been renamed as Google Pay
News & Analysis

Google for India: Digital payment app Tez has now been renamed as Google Pay

At the moment, nothing is changing about the experience in India other than the name to Google Pay.

Federal Bank gets RBI nod to open offices in Bahrain, Kuwait and Singapore; awaits local clearances
Business

Federal Bank gets RBI nod to open offices in Bahrain, Kuwait and Singapore; awaits local clearances

Federal Bank does not have any plans to increase its presence and will concentrate on the digital alternatives to help reach out to more customers

Federal Bank shares soar over 19% as lender's Q1 net profit rises 25% to Rs 263 crore
Business

Federal Bank shares soar over 19% as lender's Q1 net profit rises 25% to Rs 263 crore

Federal Bank's stock soared 19.16 percent to close at Rs 88.30 on the BSE. During the day, it jumped 20.64 percent to Rs 89.40