Federal Bank

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

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

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.

Investments in Yes Bank aimed at maintaining financial stability in system, not RoI: SBI chief

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 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