Federal Bank's subsidiary Fedfina files IPO papers with SEBI
The IPO of FedFina consists of a fresh issue of equity shares worth ₹750 crore and OFS of up to 7.03 crore shares by Federal Bank and True North Fund VI LLP.
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Federal Bank Q4 profit surges 67% to ₹903 cr; NII up 25%
Federal Bank’s gross NPA and net NPA came down to 2.36% and 0.69%, respectively, while the total advances increased by 20.14%
From ₹83 to ₹143: What to do with Federal Bank shares post Q3 results?
Reacting to Q3 earnings, Federal Bank shares gained as much as 1.9% to ₹142.85 intraday today.
Federal Bank shares hit record high on merger report
Federal Bank shares gained 8.58% to hit a 52-week high of ₹129.7 on the BSE amid report that the private lender is in merger talks with Kotak Mahindra Bank.
Gap-down opening seen for Sensex, Nifty; Infosys, IndiGo, Federal Bank shares in focus
The BSE Sensex and the NSE Nifty are poised to open loser on Monday, following weak cues from global peers and negative trends on the SGX Nifty.
YES Bank moratorium ends on March 18
The government notifies reconstruction scheme with wider room for capital, four board members, and conditional lock-in for the existing shareholders.
Federal Bank to buy 26% stake in Equirus Capital
The deal will help Federal Bank boost its revenue streams, expand into wealth management services and increase its product offerings.
