Q1 results on July 22, 2016
Federal Bank Ltd has informed BSE that a meeting of the Board of Directors of the Bank will be held on July 22, 2016, inter alia, to consider and take on record the Bank's unaudited financial results for the period ended June 30, 2016 (Q1).Further, the Trading Window for dealing in equity shares / securities of the Bank shall remain closed for all directors, designated persons and other Insiders with effect from July 11, 2016, till the end... Updates
Federal Bank Ltd has informed BSE that approval has been received from RBI for the appointment of Mr. Ganesh Sankaran, ED as a member of the Board of the Bank. Amendments to Memorandum & Articles of Association
Federal Bank Ltd has informed BSE regarding Amendments to Memorandum & Articles of Association of the Bank. Outcome of Board Meeting
In continuance of intimation dated 16th June 2016, for raising of funds by the Bank through private placement by issue of unsecured redeemable Non-Convertible Long Term Bonds in the nature of Debentures of face value of Rs 10,00,000 each within the overall borrowing limits, Federal Bank Ltd has now informed BSE that and the Board has accorded approval and recommended the same for the approval of shareholders in the forthcoming Annual General Meeting of the Bank. 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 1,63,835 (One lakh sixty three thousand eight hundred and thirty five 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. Board Meeting on June 21, 2016
Federal Bank Ltd has informed BSE that a meeting of the Board of Directors of the Bank is scheduled on June 21, 2016, to consider, inter alia, and approve (i) issue of Debt Securities (Unsecured Redeemable Non-Convertible Long Term Bonds in the nature of Debentures of face value of Rs. 10,00,000 each) on private placement basis, within the overall borrowing limits , in one or more tranche(s) and (ii) seeking Special Resolution from the Shareholders... Federal Bank to up the ante in digital banking
We allow every payment option on the mobile, says MD Buy Federal Bank, target Rs 56.50: Mitesh Thacker
Buy Federal Bank with a target of Rs 56.50 and a stop loss of Rs 52.40 What turns Tata Payment bullish on white label ATMs?
MUMBAI: Tata Payment Solutions (TCPL), a wholly owned subsidiary of Tata Communications, has signed up DBS Bank, Federal Bank and Sholapur Janta Sahakari Bank for its Indicash White Label ATM solutions. "We are looking to leverage scale of our network for offering pioneering models for banks and third party advertisers," said Sanjeev Patel, CEO of TCPSL. "We are getting an encouraging response from the banks with close to 10% of the Indicash While Label ATM (WLA) portfolio already being leveraged by banks under this mode." "This will be a big growth driver for us in the next 2-3 years with many banks looking at WLA as a viable model to increase their reach economically through operational expenses rather than a capital expenditure," he said. White Label ATMs does not have a label of any bank. Here, there are three inherent parties: the non-bank corporate entity like Tata Payment, authorized ATM network operators/card payment network operators like RuPay, Visa or MasterCard and a sponsor bank for cash management, funds settlement as well as customer grievance redressal. TCPL said it is also in advanced stage of talks with other four-five banks, but it didn't disclose further details. TCPL's Indicash WLA Network has crossed the 8000 ATMs Milestone, with more than 50% year-on-year growth, the company said. It now aims to cross 10,000 WLA deployment by the end of current fiscal. According to Patel, Tata Payment has been spearheading ATM accessibility in the country empowering over 30 million Indians across 20 states; 4600 towns and villages with neighborhood ATM...