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.
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.
Last Updated: Monday, October 21, 2013, 19:55
Net profit was at Rs 215.10 crore during the same period of previous fiscal.
Last Updated: Sunday, October 20, 2013, 00:18
Meanwhile, total deposits increased by 14.69 percent from Rs 49,518 crore to Rs 56,794 crore, whereas advances grew 16.31 percent from Rs 36,299 crore to Rs 42,220 crore.
Last Updated: Friday, August 30, 2013, 16:59
Private lender Federal Bank Friday launched FedBook, an electronic version of the traditional bank passbook.
Last Updated: Monday, August 26, 2013, 15:58
"The bank has filed an application with FIPB for increasing the foreign shareholding limit to 65 percent," it said in a statement issued here.
Last Updated: Tuesday, August 20, 2013, 20:13
"...Foreign share holding by Foreign Institutional Investors (FIIs)/ Non Resident Indian (NRI)/ Persons of Indian Origin (PIO)/ Foreign Direct Investment (FDI)/American Depository Receipt (ADR)/Global Depository Receipt (GDR) in Federal Bank has crossed the overall limit of 49 percent of its paid-up capital," RBI said in a notification.
Last Updated: Wednesday, July 17, 2013, 13:07
Speaking to Emirates 24|7, M A Yousuf Ali said the transaction was completed last week.
Last Updated: Monday, June 24, 2013, 21:06
This is the first such tie-up between a lender acting as a sponsor bank and a private company after RBI announced its white label automated teller machines norms.
Last Updated: Sunday, April 28, 2013, 18:35
"We will remain cautious, but will continue to lend to the segment and achieve a growth of 15-18 percent," Managing Director Shyam Srinivasan said over the weekend.
Last Updated: Saturday, April 27, 2013, 18:37
The standalone profit of the bank for 2012-13 grew to reach Rs 838.17 crore, the bank said in a release.
Last Updated: Thursday, April 18, 2013, 21:16
The debit card would be accepted in over one lakh ATM's of National Financial Switch member banks in the country and would be accepted on point of sale and Internet soon.
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