Federal Bank Q2FY25 net profit grows 11% YoY to Rs 1,057 cr, NII grows 15%
Oct 29, 2024, at 05:21 am
Mumbai: Private sector lender Federal Bank reported an 11 percent year-on-year rise in net profit, reaching Rs 1,057 crore for the September quarter, up from Rs 954 crore.
Federal Bank Q1FY25 net profits grows 18% YoY to Rs 1009 cr
Jul 25, 2024, at 04:51 am
Mumbai: Federal Bank registered net profit of Rs 1009.53 crore for the quarter ended 30th June 2024, up 18.25 % YoY.
Federal Bank launches RuPay backed NCMC wallet Debit Cards
Feb 07, 2024, at 11:22 pm
Federal Bank becomes one of the earliest private sector banks to launch NCMC integrated Debit cards.
Federal Bank launches WhatsApp Registration for PMJJBY and PMSBY
Sep 12, 2023, at 12:46 am
Federal Bank has launched WhatsApp enrolment for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY).
Federal Bank launches NR savings accounts for NRI women
Jul 25, 2023, at 11:20 pm
Mumbai: Federal Bank, on the occasion of the start of the FIFA Women’s World Cup, announced the launch of an exclusive NR savings account scheme, specifically curated for Non-Resident Indian (NRI) women.
A.P. Hota appointed as the new Chairman of Federal Bank
Jun 30, 2023, at 09:36 pm
Mumbai: Reserve Bank of India accorded approval for the appointment of A.P. Hota as the part-time Chairman of the Bank with effect from June 29, 2023 till January 14, 2026.
Harsh Dugar appointed as Federal Bank's executive director
Jun 23, 2023, at 07:09 pm
Harsh Dugar has been appointed as the executive director of Federal Bank after following approval from the Reserve Bank of India (RBI).
Federal Bank inaugurates new branch in Ambernath
May 16, 2023, at 08:58 pm
Mumbai: Federal Bank proudly announces the inauguration of its Ambernath branch, marking its 163rd branch in the Mumbai Zone.
Federal Bank Q4 net profit jumps 67 pc to Rs 903 crore
May 05, 2023, at 10:23 pm
Mumbai: Private sector lender Federal Bank on Friday reported a 67% year-on-year rise in net profit to Rs 903 crore for the January-March quarter (Q4) of the financial year 2022-23.
Federal Bank disburses the largest amount of climate loans
Feb 08, 2023, at 10:27 pm
Mumbai: Federal Bank was awarded the Certificate of Achievement by the International Finance Corporation (IFC), a World Bank Group in recognition of Climate Financing Leadership in the South Asia Region (CSA) during FY 22 for having disbursed 332.9 million USD, making it the largest amount of climate loans disbursed.
Federal Bank reports record Net Profit of Rs 704 cr in Q2FY23, up 53 pc YoY
Oct 15, 2022, at 05:56 am
Private sector lender Federal Bank Friday announced a net profit of Rs 704 crore, its highest ever, in the quarter ended September 30, 2022, up 52.89 percent year-on-year (YoY) over Rs. 460.26 crore during the corresponding quarter of the previous year.
Federal Bank enables utility bill payment services in its cross border remittance platform
Sep 21, 2022, at 11:03 pm
Mumbai: Last week, Reserve Bank of India, permitted foreign inward remittances to be received under the rupee drawing arrangement (RDA) through the Bharat Bill Payment System (BBPS).
Federal Bank Q1 consolidated net moved up by 77.77 pc
Jul 15, 2022, at 10:37 pm
Mumbai: Private Sector lender, Federal Bank has reported a rise of 77.77 percent to Rs 634.22 crores for quarter ended June 30, 2022 as against net profit of Rs 356.76 crores for the quarter ended June 30, 2021.
FedFina to raise Rs 900 cr via IPO
Feb 21, 2022, at 12:12 am
Mumbai/UNI: Private sector lender Federal Bank on Sunday said its subsidiary Fedbank Financial Services (FedFina) has filed draft papers with market regulator SEBI to raise Rs 900 crore through initial public offer.
Federal Bank launches RuPay Signet Contactless Credit Card
Sep 27, 2021, at 11:46 pm
Kolkata: Federal Bank joined hands with the National Payments Corporation of India (NPCI) to launch the ‘Federal Bank RuPay Signet Contactless Credit Card’.
Federal Bank Q2 net profit down by 25.84 pc to Rs 315.45 cr
Oct 16, 2020, at 09:29 pm
Mumbai/UNI: Private sector lender Federal Bank has posted a decline of 25.84 per cent in its net profit for the quarter ended September 30, 2020 at Rs 315.45 crores as against net profit of Rs 425.34 crore for the quarter ended September 30, 2019 as the bank stepped up provisions to deal with likely rise in slippages due to the economic impact caused by the Covid 19 pandemic.
GeM signs MoU with Federal Bank
Oct 24, 2019, at 05:36 pm
Mumbai/IBNS: Government e-Marketplace (GeM) signed Memorandum of Understanding with Federal Bank, a leading private sector bank in the country.
Federal Bank partners with Pine Labs to enable debit card EMIs
Sep 30, 2019, at 05:15 pm
Kolkata: Pine Labs, a merchant focussed company, on Monday announced that it has entered into a strategic alliance with Federal Bank, a leading private sector bank, to offer equated monthly instalments (EMIs)on debit card-based offline transactions to all the bank’s customers.
Federal Bank ties up with Lulu Money, Hong Kong to offer instant money transfer to India
Aug 22, 2019, at 06:23 pm
Kolkata: Federal Bank has entered into a tie-up with LuLu Money, a financial services company, to facilitate instant money transfer to India from Hong Kong.
Federal Bank deploys IT major TCS’ Digital CASA platform
Jun 17, 2019, at 05:29 pm
New Delhi, Jun 17 (UNI) Global IT services Tata Consultancy Services and Federal Bank announced the deployment of TCS’ Digital CASA Account Opening and KYC Services Platform, resulting in improved customer experience.
Federal Bank extends financial support to Indian armed forces
Mar 04, 2019, at 03:52 pm
Mumbai, Mar 4 (UNI) As a token of respect for the armed forces and their families, Private Sector lender Federal Bank, on Monday launched two unique schemes for their welfare.