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
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
Buy Federal Bank Ltd., target Rs 73.0 : Siddarth Bhamre
Buy Federal Bank Ltd. at a price target of Rs 73.0 and a stop loss at Rs 64.0 from entry point22-08-2016
GIFT City banks get off to a roaring start mopping up $650 mn
Primarily, this has been mopped up by Yes Bank and Federal Bank , GIFT City chief executive said.21-08-2016
Allotment of Shares under ESOS 2010
Federal Bank Ltd has informed BSE that as authorized by the Nomination, Remuneration, Ethics and Compensation Committee, allotment of 2,11,950 (Two lakh eleven thousand nine hundred and fifty only) Equity Shares with face value of Rs. 2/- each of the Bank to the Option Grantees has been made upon exercise of stock options under ESOS 2010 Scheme for which allottees have paid money.20-08-2016
Federal Bank starts new referral option in its mobile banking app
MUMBAI: Kerala based private sector lender Federal Bank has announced a reward program for their customers who refer FedMobile, the bank's banking transaction app, to friends or relatives. The app link can be shared with the friends just by clicking ''Refer A Friend" option in the home page of the FedMobile app. A customer who refers the app to a friend is not incurring any cost as the message can be transmitted using Whatsapp, mail, Facebook etc. When the referred friend does first transaction using the app, the customer who referred will receive Rs 50. A customer can refer any number of customers and earn up to Rs.250. Federal Bank's FedMobile gives convenient banking facilities to the customers. Funds Transfer, touch recharge, 270 plus bill payments like electricity bills, telecom, gas, insurance, mutual funds, donations etc. can be done using the app. Customers can also schedule their future payments in advance. "The exponential growth and usage of mobile phones have overpowered the shine and charm of all other devices. Keeping this in mind we go by the theme, Federal on Every Mobile and we are improving our Mobile banking services continuously," said Babu K A, Head - Digital Banking19-08-2016
Federal Bank, Chillr join hands for cashless transactions
Federal Bank today announced its partnership with Chillr, a mobile banking application, to provide cashless transactions.Chillr, India's first and only multi-bank mobile application, allows users to ...18-08-2016