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Rate hike likely appropriate 'relatively soon': Janet Yellen

Rate hike likely appropriate 'relatively soon': Janet Yellen

Federal Reserve Chair Janet Yellen said Thursday an interest rate increase likely will be appropriate "relatively soon" as long as there is further evidence of progress in the economy.

Fed's dilemma: Hike or not!

Fed's dilemma: Hike or not!

With a potentially volatile US presidential election and two months of economic data still to come, the Fed policymakers are engrossed in a dilemma – whether to go for a rate hike or maintain status quo. As of now, they seem to be hovering anywhere in between in the confused territory.

SBI Card to have more co-branding with other banks

SBI Card, a subsidiary of State Bank of India, would go for co-branding of credit cards with more other banks which do not have big back-office support, an official said.

Tata Communications installs 8,000 ATM units across the country

Tata Communications today said its white label automated teller machines (ATM) arm has put 8,000 units across 4,600 towns of 20 states in the country till now.

Federal Bank says done with NPAs; sounds positive about FY17

After reporting a massive 96 percent plunge in March quarter net profit on massive jump in bad loan provisions, Federal Bank Monday said most of the asset quality worries are behind it and it is keen to expand its loan book going forward.

Federal Bank halves home, auto loan processing fees

Federal Bank halves home, auto loan processing fees

South-based lender Federal Bank Monday announced a limited period offer to halve the processing fees for applications in the competitive home and car loans segments.

Federal Bank rejigs top deck, hires Sankaran as executive director

South-based lender Federal Bank Tuesday announced an organisational rejig, under which it has hired Ganesh Sankaran as the executive director incharge of wholesale banking.

Federal Bank stock slumps 7% as Q1 net drops

Shares of Federal Bank slumped nearly 7 percent today after it reported 35.8 percent fall in net profit for the first quarter of 2015-16.

Federal Bank fears more bad loan pain in Q2

The bank's exposure to this company is at around Rs 100 crore and it is evaluating multiple options to deal with the stress, he added.

Federal Bank Q1 Net drops 36% at Rs 141 crore

Federal Bank on Saturday reported a 35.8 percent fall in its net profit at Rs 141.39 crore for the first quarter of 2015-16.

Nilesh Vikamsey appointed Federal Bank part-time Chairman

Nilesh Vikamsey appointed Federal Bank part-time Chairman

Nilesh Shivji Vikamsey has been appointed as part-time Chairman of Federal Bank.

Federal Bank slashes base rate by 0.25% to 9.95%

Federal Bank Monday cut the base rate, or the minimum lending rate, by 0.25 percent to 9.95 percent.

Federal Bank, SBI Card collaborate to launch credit cards

Private sector Federal Bank along with card issuing company SBI Card Monday launched co-branded credit cards.

Federal Bank signs pact with LIC for PMJJBY

The insurance scheme provides for a life cover of Rs 2 lakh at an annual premium of Rs 330.

Federal Bank ties up with New India for cheaper accident cover

South-based private sector lender Federal Bank on Wednesday entered into a pact with state-run general insurer New India Assurance (NIA) for providing cheaper accident cover to its savings bank account holders.

Federal Bank Q4 profit up marginally at Rs 281 cr

The bank had posted net profit of Rs 277.29 crore during the same quarter of last fiscal, 2013-14.

Double digit growth more attractive: Federal Bank

Double digit growth would be more attractive than the existing single digit growth, Managing Director and CEO of Federal Bank Shyam Srinivasan said on Saturday.

Federal Bank offers health insurance of Rs 1 lakh for new acs

South-based lender Federal Bank Monday said it will be offering a health insurance of Rs 1 lakh for all new savings accounts under a tie-up with Max Bupa.

Federal Bank Q3 net up 15% at Rs 265 crore

The bank's net profit stood at Rs 230.13 crore in the corresponding October-December quarter of the previous fiscal.

Working to recover loans from Kingfisher Airlines: Banks

The bank has been able to recover around 12 per cent of its total exposure of Rs 90 crore till now.