Page 6 - Federal Bank

Federal Bank elevates Shalini Warrier to the post of executive director

Warrier has been the chief operating officer of the bank since November 2015, and also holding the additional responsibility of business head of retail banking since May 2019.

Federal Bank ties up with Magicbricks to recover dues from 30 big accounts

The lender will be listing and e-auctioning the properties it repossessed from defaulters on the realty portal

Slowdown in SME sector can hurt mid-sized private banks, be selective

RBL, Federal and City Union appear better-placed to handle the potential SME loans-related woes; investors should be cautious on DCB and Karur Vysya

Mastercard, Federal Bank join hands to make digital transactions safer

Mastercard has entered into a partnership with Federal Bank to offer identity check to the bank's cardholders, it said in an announcement

Maruti Suzuki partners Federal Bank for dealer loans, automobile financing

Federal Bank MD and CEO Shyam Srinivasan said the arrangement will help the bank offer end-to-end solution for dealers and retail banking customers.

Federal Bank's Q2 reiterates the importance of retail, small-ticket loans

Retail and small-ticket business loans have been a key source of loan book growth, but pricing power is being put to test

Federal Bank Q1 net profit up 46% to Rs 384 crore as bad loans ease

It earned Rs 3,229.30 crore as interest income in the June quarter of this financial year

We still have to reach our full lending potential: Federal Bank chief

In a Q&A Shyam Srinivasan, MD & CEO, Federal Bank, says the lender's personal loan book has grown to Rs 1,000 crore the past 18-24 months, and it is delivered entirely digitally

Federal Bank Q4 net up 163% to Rs 381 cr on interest margins, fee income

Gross NPAs as a percentage of gross advances, came down to 2.92% as of March 2019 from 3% in March 2018

Federal Bank Q4 net jumps two-fold to Rs 381 cr on higher interest income

Provisioning for bad loans during the quarter more than halved to Rs 177.76 crore, as against Rs 371.53 crore in the corresponding period of 2017-18

Federal Bank dips 5% post December quarter earnings

The stock was down 5 per cent at Rs 87, falling 7 per cent from intra-day high of Rs 93 on the BSE on back of heavy volumes.

Federal Bank executive director Ganesh Sankaran resigns; stock falls 7%

The stock slipped 7% to Rs 89 after Ganesh Sankaran, Executive Director, announced that he will step down with effect from February 15, 2019.

Federal Bank earnings likely to improve as credit costs stabilise

Bank rebalancing its loan book to improve profitability, return ratios

Federal Bank's Q2 net profit rises 0.9% on higher interest income

Net profit was Rs 2.66 billion ($36.08 million) in the quarter ended September 30, compared with Rs 2.64 billion a year earlier

How women got a seat at Fed's Jackson Hole under CEO Esther George

Nationwide, there are about three males for every female economics major, based on research by Harvard University

Federal Bank stock gains 20%: Asset quality in Q1 surprises street

Expect further improvement in loan growth

Federal Bank approves to sell 26% stake in subsidiary to True North

The investment will help FedBank Financial Services Limited augment its capital base primarily to support its growing asset business and to grow its branch network

Federal Bank plunges 10% on weak Q4 results

The stock plunged 10% to Rs 90.65, trading close to its 52-week low of Rs 87.50 touched on February 6, 2018 on the BSE in intra-day trade.

Federal Bank rises 5% on news of 26% stake aquisition in Equirus Capital

The stock was up 5% at Rs 94.15 on the BSE in early morning trade after the private sector lender said that it will pick up 26% strategic stake in Equirus Capital, a financial services company.

Federal Bank to acquire 26% strategic stake in Equirus Capital

The deal is subject to statutory and regulatory approvals and satisfactory completion of financial and legal due diligence