Fall in bond yields helping banks ring in higher treasury gains'
Federal Bank ED and CFO Ashutosh Khajuria says the movement of yield for the 10-year benchmark alone has been of the order of more than 50 basis points09-09-2016
09-09-2016
Cautious on retail and SME segment; NRI remittance channel showing robust growth:ShyamSrinivasan, MD & CEO, Federal Bank
ShyamSrinivasan says he isquite sanguine about the quality of the NR remittances that are coming in.08-09-2016
Federal Bank launches Digital Personal Loans
This facility neither requires the customer to visit the branch nor does he have to put his manual signature on any document and the service is 24*7.06-09-2016
Amendment to Memorandum and Articles of Association of the Bank
Federal Bank Ltd has informed BSE that in continuation of RBI approval letter dated July 01, 2016 and as per the approval accorded by the shareholders of the Bank in its meeting dated August 11, 2016 and as approved by the Registrar of Companies in its letter dated September 01,2016, the Company hereby attach herewith the amended Memorandum and Articles of Association of the Bank.06-09-2016
Updates
Federal Bank Ltd has informed BSE that the Bank was awarded FE Best Bank award under the category Old Private Sector Bank for the year 2014-15 by The Financial Express.03-09-2016
Updates
Federal Bank Ltd has informed BSE that Mr. Sumit Kakkar is joining the Bank as Chief Credit Officer w.e.f. August 29, 2016.29-08-2016
Federal Bank not looking to exit life-insurance joint venture: CEO
Says the bank will not raise capital anytime soon28-08-2016
Federal Bank goes live with its UPI application
MUMBAI: Kerala based private sector lender Federal Bank has gone live with their Unified Payments Interface (UPI) application 'Lotza' on the Google Play Store. Thus Federal Bank joins the list of Union Bank of India, United Bank of India, Axis Bank and few others who have started going live with their UPI apps after receiving the nod from the Reserve Bank of India and National Payments Corporation of India. Built on the concept 'Accounts of different Banks on one App', Lotza offers seamless and secure financial transaction capability between accounts of different Banks through a single app. Memorising account numbers and keying them in for every transaction will now become a thing of the past as Lotza operates on the basis of virtual IDs which can be shared with beneficiaries without the risk of revealing the account numbers "Federal Bank has always been focusing on providing convenience to the customers to operate their account with us seamlessly. Lotza comes as yet another powerful tool in our already strong repertoire of Digital offerings. Lotza has in it all the capabilities to become a mobile banking bellwether and UPI as such will revolutionize the way Indians effect their financial transactions. Significantly, This app - Lotza - can be used easily by a customer of any Bank," said Babu K A, head, digital banking, Federal Bank.26-08-2016
Buy Federal Bank Ltd., target Rs 75.0 : Reliance Securities
Buy Federal Bank Ltd. at a price target of Rs 75.0.24-08-2016