Page 2 - Federal Bank

Dollar hits 20-year high as Fed flags higher rates for longer period

The U.S dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signaled interest rates would be kept higher for longer

Oil prices edge up on signs of improving demand, market awaits Fed's clue

"Nevertheless, signs of strong demand are emerging," ANZ Research analysts said

Gold hits one-week high as dollar dips; Jackson Hole symposium in focus

Rate hikes increase the opportunity cost of holding bullion, which pays no interest, while boosting the greenback

RBL, IDBI Bank surge up to 10%; Karur Vysya, Federal Bank hit 52-week highs

Union Bank of India, Bank of India, Canara Bank, Punjab National Bank, Indian Overseas Bank, Uco Bank, Central Bank of India, and Bank of Baroda from the PSUpack were up 2-5%

Federal Bank donates 1.55 acres of land to Kerala's Life Mission project

The Federal Bank, as part of its celebrations of the 75th year of the country's independence, has gifted 1.55 acres of land for the construction of houses for the homeless poor. The property was handed over to the Left government in the state for their flagship "Life Mission" project, which envisages to provide free housing for homeless and landless in the state. The documents of the 1.55 acre property in Muvattupuzha in Ernakulam district, which was owned by the Federal Bank, were handed over to Chief Minister Pinarayi Vijayan by C Balagopal, Chairman and Independent Director of the Bank the other day. This noble deed by the bank is expected to benefit at least 40 families of the southern state, the bank said in a statement. M V Govindan Master, Minister for Local Self Governments, Rajanarayanan N, Senior Vice- President and Head Loan Collection & Recovery Department of the Bank, Renji Alex, Vice-President & Zonal Head - Thiruvananthapuram, Anoop T, Vice-President & ...

Federal Bank becomes 1st to list Payment Gateway on new tax platform

Kerala-based Federal Bank has become the first bank to list its Payment Gateway platform on the TIN 2.0 platform of the Income Tax Department. The TIN 2.0 platform went live on July 1 this year and the "Payment Gateway" has been enabled, providing one more payment option to taxpayers, who can now make their payments with ease, using modes such as Credit/Debit Card, UPI, NEFT/RTGS and Internet Banking. Harsh Dugar, Group President & Country Head Wholesale Banking, Federal Bank, said Federal Bank is actively using digital as a key enabler of superior experience and transaction convenience. "With an increasing number of digital first folks joining the workforce and scaling up of digital transactions across the ecosystem, we are sure that taxpayers will appreciate the convenience of tax payments brought forth by the Federal Bank by easing the process and providing multiple options," Dugar said in a statement.

Infosys Finacle inducted in IFSCA regulatory plan for blockchain finance

Six leading banks are collaborating with trade finance solution for short-term credit, import payments

IndusInd, AU SFB: Mid-cap banks roar as Nifty Bank fires above 36,000

Barring Federal Bank, other mid-cap banks like RBL Bank, IndusInd Bank, AU Small Finance Bank and IDFC First Bank are yet to conquer their crucial resistances

This private sector bank from Jhunjhunwala's portfolio is up 29% in 1-month

Shares of Federal Bank hit a three-year high at Rs 109.40, and have gained 12 per cent in the last four trading sessions on the back of healthy Q1 performance.

Federal Bank's Q1 net jumps 64% to Rs 601 cr in best-ever quarterly show

Stronger bottomline supported by lower provisions and healthy NII

RBI fines Federal Bank Rs 5.7 cr for flouting insurance broking norms

Banking regulator imposes fine of Rs 70 lakh on Bank of India for non-compliance with KYC norms

RBI imposes penalties on Federal Bank, BoI for non-compliance of norms

Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 5.72 crore on Federal Bank for deficiencies in regulatory compliance. A penalty of Rs 70 lakh has also been imposed on Bank of India for non-compliance with certain provisions of Know Your Customer (KYC) norms and instructions on 'compliance function in banks' issued by RBI, it said in a statement. About Federal Bank, RBI said the bank failed to ensure that no incentive (cash or non-cash) was paid to its staff engaged in insurance broking/corporate agency services by the insurance company, according to a separate statement. RBI had carried out Statutory Inspection for Supervisory Evaluation (lSE) of the bank with reference to its financial position as on March 31, 2020. In another statement, RBI said a fine of Rs 7.6 lakh has been imposed on Dhani Loans and Services Limited, Gurugram for non-compliance with KYC norms. RBI said the penalities are based on the deficiencies in regulatory compliance and is not .

Federal Bank's loan book grows 16.3% YoY to Rs 1.54 trillion in Q1

The Federal Bank's gross advances stood at nearly Rs 1.33 trillion at end of June 2021 (Q1FY22) and Rs 1.48 trillion at end of March 2022 (Q4FY22)

F&O Strategy: Nandish Shah recommends a Bull spread on Federal Bank

The technical analyst from HDFC Securities recommends buying Federal Bank 95 Call and simultaneously selling 100 Call for the June expiry.

Good times may be around the corner: Federal Bank CEO Shyam Srinivasan

'On balance, most of us have come out fairly unscathed with good-quality provisioning and portfolios', said Srinivasan

Options Trading: Vinay Rajani recommends buying Federal Bank Put

The technical analyst from HDFC Securities reommends buying Federal Bank 85 Put with a stop loss at Re 1.

Lower provisions drive Federal Bank Q4 net up 13% to Rs 541 cr

NIM of the lender rose 7.38% to Rs 1,525.21 crore in Q4FY22, from Rs 1,420.37 crore in the year-ago period

Federal Bank's advances rise 10% to Rs 1.47 trn in FY22; deposits up 5%

The private sector lender's interbank deposits plunged by 62% to Rs 1,162 crore during the year ended March 2022, and the certificates of deposit fell by 59.3% to Rs 2,437 crore.

Federal Bank shares rise over 2% as subsidiary files DRHP with Sebi

Shares of Federal Bank on Monday gained over two per cent after its subsidiary Fedbank Financial Services Ltd (FedFina) filed preliminary papers with markets regulator Sebi for IPO

Stocks to Watch: IndiGo, RIL, Hinduja Global, Federal Bank, Brightcom

Auto shares are likely to be in focus as car makers are looking to ramp up production by an average 18-20 per cent in the March quarter, as the shortage of semiconductor eases.