Stocks to Buy Today: Infosys share price has recently broken out of a three-month consolidation phase and reclaimed its all-time high. We expect this upward momentum to persist
Esteem Savings Account is available for new and existing customers at all Federal Bank branches
Technical charts suggest that stocks like TVS Motor, Lodha, DLF, Jio Financial Services and Federal Bank can potentially rally up to 19 per cent from present levels.
Analyst has suggested buying two banking stocks; Check out the target price and stop loss
Shares of Coforge hit a new high of Rs 8,236.95, gaining 3%, and zooming 71% in six months, on a strong growth outlook.
The Nifty MidCap index has gained 3% from its recent low in the last three days. Amid this these 8 stocks have seen key momentum oscillators turn favourable on the daily chart.
Federal Bank on Monday after market hours reported a 10.8 per cent Y-o-Y increase in its net profit for the second quarter ended September 30, 2024, with profits rising to Rs 1,056.7 crore
The capital adequacy ratio (CRAR) of the bank, computed as per Basel III guidelines, stood at 15.20 per cent at the end of the quarter
Federal Bank shares surged to Rs 196.05 a piece in intraday day deals, rising up to 4.64 per cent on Monday
Private equity firm Amicus Capital on Friday announced that it has invested Rs 125 crore in Equirus Group, a late Rakesh Jhunjunwala-backed financial services firm, for an undisclosed stake. The investment is a combination of primary and secondary purchase of sales, a statement said, identifying private sector lender Federal Bank as having taken a partial exit. The new investors include Kishor Patil, Ajai Kumar, N Sivaraman, Yagnesh Dosshi, Krishna Jha, Anand Archak, Abhishek Goyal, Badri Mohapatra, Shankar Valiya and Deepak Singhal, it said. Equirus, which got Jhunjunwala's backing right at the time of inception, offers investment banking, insurance broking and asset management services. The money raised will be deployed for capital expansion, technology investments, strategic guidance, access to new networks, talent acquisition, operational improvements, and risk management, the statement said. "The Equirus platform offers life cycle solutions across the growth and wealth-creati
Improving pricing power key for better RoA
SmilePay replaces the need for cash, cards, or mobile devices, instead relying on advanced facial recognition software
Mainland Chinese blue chips added 0.4%, although Hong Kong's Hang Seng slipped 0.3%
Net interest income (NII) improved 19 per cent year-on-year to Rs 1,919 crore while other income increased by 25 per cent to Rs 915 crore
South India-based Federal Bank on Wednesday reported a 16.74 per cent growth in consolidated net profit to Rs 1,027.51 crore for the June quarter, helped by higher recoveries from written-off accounts. The private sector lender's net profit grew to Rs 1,009.53 crore on a standalone basis, up from Rs 853.74 crore in the year-ago period. Its core net interest income moved up 19 per cent to Rs 2,292 crore during the reporting quarter on the back of a nearly 20 per cent growth in advances, while margin moderated to 3.16 per cent from 3.21 per cent in the preceding March quarter. Federal Bank Managing Director and Chief Executive Shyram Srinivasan, who will be demitting office in September after being at the helm for 15 years, told reporters that the bank is aiming to keep the net interest margin (NIM) between 3.15 and 3.25 per cent. The bank is aiming to keep all credit costs at 0.30-0.35 per cent, he said, adding that the bank is not focused on looking at the NIM number in isolation,
RBI has approved the appointment of Krishnan Venkat Subramanian as the Managing Director & Chief Executive Officer of the Bank, for a period of 3 years, with effect from September 23, 2024
Federal Bank had applied for the approval to the regulator on May 6, 2024
Federal Bank reported robust growth in its financial metrics for the first quarter of fiscal year 2024-25 (FY25). The bank's advances surged by 20 per cent, reaching Rs 2.66 trillion
Retail credit book grows 25%, according to internal classification of the bank