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 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
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
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
From the index companies, Yes Bank and RBL Bank defied the bearish trend and closed the day with gains.
SBI has invested Rs 6,050 crore in crisis-ridden Yes Bank.
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
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
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 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
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
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%
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
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
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
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.
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
At the moment, nothing is changing about the experience in India other than the name to Google Pay.
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'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