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Federal Bank net more than doubles to Rs 220 cr

Last Updated: Wednesday, July 16, 2014, 22:00

Kerala-based private lender Federal Bank Wednesday said its net profit has more than doubled to Rs 220.23 crore in three months to June on better asset quality and lower provisioning which came down by 54 percent in the quarter.

IDBI Federal launches seven new plans

Last Updated: Thursday, May 08, 2014, 13:40

IDBI Federal Life Insurance is a joint-venture of IDBI Bank, Federal Bank and Ageas.

Federal Bank plans to open office in Dubai

Last Updated: Sunday, April 06, 2014, 11:32

"We have approached the Reserve Bank to seek their permission to open a representative office in Dubai (UAE)," Federal Bank Managing Director Shyam Srinivasan told PTI.

Federal Bank may foray into credit card business in 2015-16

Last Updated: Sunday, March 30, 2014, 12:35

Private lender Federal Bank may explore the possibility of entering into credit card business in 2015-16 as part of its diversification drive.

Federal Bank recovers Rs 10 crore dues from Kingfisher

Last Updated: Tuesday, March 25, 2014, 16:25

The consortium of 17 banks has an outstanding debt of about Rs 7,000 crore from KFA.

Foreign investors can buy up to 74% stake in Federal Bank

Last Updated: Friday, March 21, 2014, 21:12

With the increase in foreign investment limit in Federal Bank to 74 percent, foreign investors will be allowed to purchase stake in the private bank, RBI said on Friday .

Federal Bank launches Namma Metro Transit cum Debit Card

Last Updated: Tuesday, March 18, 2014, 08:58

A daily commuter can recharge for trips from a selected station to another station up to 100 trips and can avail discounts up to 21 per cent, a bank release said.

Federal Bank to recruit 3,000 employees in next three years

Last Updated: Saturday, January 18, 2014, 20:00

The bank presently has about 10,126 employees on its rolls.

Federal Bank Q3 net up 9% at Rs 230 cr on improved assets

Last Updated: Friday, January 17, 2014, 15:19

Federal Bank on Friday reported a 9.18 percent rise in net profit for the third quarter ended December 2013 at Rs 230.13 crore on the back of improved asset quality.

Grace Koshie appointed woman director in Federal Bank

Last Updated: Saturday, November 23, 2013, 19:26

The bank becomes one of the few listed companies which has complied with the latest regulatory directions in the Companies Act, 2013, which requires a lady Director to be on the Board of Directors.

Federal Bank gets FIPB nod to raise foreign shareholding

Last Updated: Thursday, October 24, 2013, 22:38

Private sector lender Federal Bank Thursday got FIPB approval for hiking foreign shareholding limit in the bank to 74 percent.

Federal Bank Q2 net up 5% to Rs 226 cr; stock jumps 10%

Last Updated: Monday, October 21, 2013, 19:55

Net profit was at Rs 215.10 crore during the same period of previous fiscal.