Federal Bank

Federal Financial institution clocks highest ever quarterly internet revenue at ₹1,010 cr in Q1

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Federal Financial institution clocked its highest ever quarterly internet revenue at ₹1,010 crore within the first quarter (Q1) of FY25, up 18 per cent year-on-year, supported by wholesome progress in internet curiosity revenue and non-interest revenue. The personal sector financial institution had reported a internet revenue of ₹854 crore within the year-ago interval. Web curiosity … Read more

KVS Manian appointed MD & CEO of Federal Financial institution

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KVS Manian has been appointed because the Managing Director & Chief Govt Officer of Federal Financial institution with impact from September 23, 2024. The present MD Shyam Srinivasan will step down from the place after a 14 12 months stint on the high. The Reserve Financial institution of India has permitted Manian’s appointment. Manian was … Read more

Federal Financial institution, Bajaj Allianz Life Insurance coverage enter into bancassurance tie-up

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Federal Financial institution, a non-public sector financial institution, has entered right into a Bancassurance tie-up with Bajaj Allianz Life Insurance coverage, a non-public life insurer. This partnership will allow Federal Financial institution’s clients to seamlessly entry Bajaj Allianz Life Insurance coverage’s merchandise, throughout the Financial institution’s in depth community in India. This strategic partnership goals … Read more

Federal Financial institution Q1 FY25: logs 20.1% development in gross advances

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Federal Financial institutionhas reported a 20.1 per cent year-on-year (yoy) development in gross advances and 19.6 per cent yoy development in whole deposits within the first quarter (Q1) of FY25. As on June-end 2024, the Ernakulam (Kerala) headquartered non-public sector financial institution’s gross advances stood at ₹2,24,139 crore (₹1,86,593 crore as on June-end 2023), per … Read more

Fantastic thing about banking is in making it boring and boring: Shyam Srinivasan, Federal Financial institution CEO

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Raul Dravid is the one whom I look as much as and once you consider him the principle factor is consistency and predictability. That’s the great thing about banking is the extra you make it boring and boring. Some layering up primarily based on alternatives that come or some wrinkles might come up. As an … Read more

Federal Financial institution opens 600th department of Kerala in Tanur 

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Federal Financial institution has opened its 600th department of Kerala in Tanur of Malappuram district on Monday. The department was inaugurated by Ok Salmath, President of Tanur Block Panchayat. Nandakumar V, Head of Department Banking, Federal Financial institution presided over the operate. Additionally learn:‘Flash Pay’: Federal Financial institution, NPCI companion for contactless funds P P … Read more

Federal Financial institution focuses on retail deposit development, attaining 19% improve: Shalini Warrier, ED, Federal Financial institution

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Amidst ongoing deposit competitors within the trade, Federal Financial institution stays targeted on strengthening its retail deposit base by specializing in proper segments providing aggressive rates of interest and constantly delivering progressive legal responsibility product choices. Shalini Warrier, the Financial institution’s Govt Director mentioned that this effort has yielded optimistic outcomes, as is clear from … Read more

The way to play banking shares in a rising charge state of affairs

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Practically ₹6-lakh crore of extra liquidity has virtually dried in about six months. Benchmark charge or repo has risen from 4 per cent till Might 4, 2022, has risen to five.9 per cent, a stage final seen in 2018. There could also be one other 50–75 foundation factors (bps) hike to abdomen, going by the … Read more

FY23 Financial institution Efficiency Shines, however Inventory Costs Stay Muted: Components to Watch in FY24

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FY23 was an unexpectedly good yr for banks. Whether or not when it comes to development, asset high quality or profitability, it was undoubtedly among the finest performances throughout classes in over a decade. Mockingly, although, the inventory costs of banks aren’t reflecting evenly this nice present. The positives are maybe baked into the valuations, … Read more

Federal Financial institution board to think about exterior candidates for MD succession

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The board of the Federal Financial institution will have a look at each inner and exterior candidates as urged names to be submitted to the RBI to succeed MD and CEO Shyam Srinivasan following the tip of his time period in September 2024. “There’s a formal course of underway, and we consider that within the … Read more