THE FEDERAL BANK LTD.
NSE : FEDERALBNKBSE : 500469ISIN
CODE : INE171A01029Industry : Bank - PrivateHouse
: Federal Bank
BSE163.75-0.3 (-0.18 % )
PREV CLOSE (Rs.) 164.05
OPEN PRICE (Rs.) 164.95
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 124570
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE163.85 0 (0 % )
PREV CLOSE(Rs.) 163.85
OPEN PRICE (Rs.) 164.50
BID PRICE (QTY) 163.85 (5686 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 596391
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 02-May-2024 | Federal Bank reports marginal rise in Q4 consolidated net profit | <p style="text-align: justify;">Federal Bank has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The bank has reported rise of 0.41% in its net profit at Rs 906.30 crore for the quarter under review as compared to Rs 902.61 crore for the same quarter in the previous year. Total income of the bank increased by 23.42% at Rs 6732.23 crore for Q4FY24 as compared Rs 5454.60 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the bank has reported rise of 3.49% in its net profit at Rs 972.39 crore for fourth quarter ended March 31, 2024 as compared to Rs 939.57 crore for the same quarter in the previous year. Total income of the bank increased by 23.67% at Rs 7149.12 crore for Q4FY24 as compared Rs 5780.68 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">For the year ended March 31, 2024, the bank has reported 23.58% rise in its net profit at Rs 3720.60 crore as compared to Rs 3010.59 crore for the previous year. Total income of the bank increased by 32.05% at Rs 25267.53 crore for year under review as compared to Rs 19133.63 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the bank has reported 23.67% rise in its net profit at Rs 3927.53 crore as compared to Rs 3175.76 crore for the previous year. Total income of the bank increased by 32.27% at Rs 26781.95 crore for year under review as compared to Rs 20248.01 crore for year ended March 31, 2023.</p> |
| 02-May-2024 | Federal Bank climbs on reporting rise in Q4 consolidated net profit | <p style="text-align: justify;">Federal Bank is currently trading at Rs. 167.85, up by 5.35 points or 3.29% from its previous closing of Rs. 162.50 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 169.70 and has touched a high and low of Rs. 170.25 and Rs. 162.80 respectively. So far 2849887 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 170.25 on 2-May-2024 and a 52 week low of Rs. 120.90 on 26-Jun-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 170.25 and Rs. 153.35 respectively. The current market cap of the company is Rs. 41194.19 crore.</p><p style="text-align: justify;">The Institutions and Non-Institutions held 73.73% and 26.27%, stake in the Bank, respectively.</p><p style="text-align: justify;">Federal Bank has reported rise of 0.41% in its net profit at Rs 906.30 crore for the fourth quarter (Q4) ended March 31, 2024 as compared to Rs 902.61 crore for the same quarter in the previous year. Total income of the bank increased by 23.42% at Rs 6732.23 crore for Q4FY24 as compared Rs 5454.60 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the bank has reported rise of 3.49% in its net profit at Rs 972.39 crore for fourth quarter ended March 31, 2024 as compared to Rs 939.57 crore for the same quarter in the previous year. Total income of the bank increased by 23.67% at Rs 7149.12 crore for Q4FY24 as compared Rs 5780.68 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">For the year ended March 31, 2024, the bank has reported 23.58% rise in its net profit at Rs 3720.60 crore as compared to Rs 3010.59 crore for the previous year. Total income of the bank increased by 32.05% at Rs 25267.53 crore for year under review as compared to Rs 19133.63 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the bank has reported 23.67% rise in its net profit at Rs 3927.53 crore as compared to Rs 3175.76 crore for the previous year. Total income of the bank increased by 32.27% at Rs 26781.95 crore for year under review as compared to Rs 20248.01 crore for year ended March 31, 2023.</p><div style="text-align: justify;"><br></div> |
| 20-Apr-2024 | Federal Bank informs about allotment of equity shares | <div>Federal Bank has informed that as approved by the Nomination, Remuneration, Ethics and Compensation Committee, the following allotments have been made after payment of money by the allottees: Allotment of 2,21,068 (Two lakh twenty one thousand and sixty eight only) Equity Shares with face value of Rs 2 each of the Bank to the Option Grantees upon exercise of stock options under ESOS 2017 Scheme on April 20, 2024.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 19-Apr-2024 | Federal Bank gets RBI's nod to establish representative office in Saudi Arabia | <p style="text-align: justify;">Federal Bank has received an approval from Reserve Bank of India (RBI) to establish a Representative Office in the Kingdom of Saudi Arabia. This approval is subject to further regulatory approvals from the relevant authorities in Saudi Arabia.</p><p style="text-align: justify;">Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. It offers personal, corporate, NRI, SME banking, online banking services to its customers.</p><div style="text-align: justify;"><br></div> |
| 19-Apr-2024 | Federal Bank gains on the BSE | <p style="text-align: justify;">Federal Bank is currently trading at Rs. 152.80, up by 0.65 points or 0.43% from its previous closing of Rs. 152.15 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 151.00 and has touched a high and low of Rs. 153.60 and Rs. 148.50 respectively. So far 599589 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 166.65 on 19-Feb-2024 and a 52 week low of Rs. 120.90 on 26-Jun-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 156.00 and Rs. 148.50 respectively. The current market cap of the company is Rs. 37195.64 crore.</p><p style="text-align: justify;">The Institutions and Non-Institutions held 73.91% and 26.09%, stake in the bank respectively.</p><p style="text-align: justify;">Federal Bank has received an approval from Reserve Bank of India (RBI) to establish a Representative Office in the Kingdom of Saudi Arabia. This approval is subject to further regulatory approvals from the relevant authorities in Saudi Arabia.</p><p style="text-align: justify;">Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. It offers personal, corporate, NRI, SME banking, online banking services to its customers.</p><div style="text-align: justify;"><br></div> |
| 12-Apr-2024 | Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS | Allotment of equity shares on exercise of stock options pursuant to employee stock option scheme |
| 08-Apr-2024 | Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS | Allotment of equity shares on exercise of stock options pursuant to ESOS |
| 06-Apr-2024 | Federal Bank informs about allotment under ESOS | <div>Federal Bank has informed that as approved by the Nomination, Remuneration, Ethics and Compensation Committee, the following allotments have been made after payment of money by the allottees: Allotment of 3,71,787 (Three lakh seventy-one thousand seven hundred and eighty-seven only) Equity Shares with face value of Rs 2 each of the Bank to the Option Grantees upon exercise of stock options under ESOS 2017 Scheme on April 06, 2024.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 05-Apr-2024 | Federal Bank gains on registering 20% rise in gross advances in fourth quarter of FY24 | <p style="text-align: justify;">The Federal Bank is currently trading at Rs. 153.50, up by 1.00 points or 0.66 % from its previous closing of Rs. 152.50 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 153.55 and has touched a high and low of Rs. 153.70 and Rs. 151.30 respectively. So far 460369 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 166.65 on 19-Feb-2024 and a 52 week low of Rs. 120.90 on 26-Jun-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 156.75 and Rs. 150.95 respectively. The current market cap of the company is Rs. 37382.65 crore.</p><p style="text-align: justify;">The Institutions and Non-Institutions held 73.91% and 26.09% stake in the bank respectively.</p><p style="text-align: justify;">Federal Bank's gross advances stood at Rs 2,12,758 crore (provisional) as of March 31, 2024 (Q4FY24), posting a 19.9% rise in year-on-year (YoY) terms against Rs 1,77,377 crore as of March 31, 2023. Total deposits grew 18.4% to Rs 2,52,583 crore (provisional) as of March 31, 2024, as compared to Rs 2,13,386 crore as of March 31, 2023.</p><p style="text-align: justify;">CASA stood at Rs 74,249 crore (provisional) as of March 31, 2024, posting a 6.5% rise in year-on-year terms against Rs 69,741 crore as of March 31, 2023. Customer deposits stood at Rs 2,40,072 crore (provisional) as of March 31, 2024, posting a 18.8% rise in year-on-year terms against Rs 2,02,133 crore as of March 31, 2023. CASA Ratio stood at 29.40% as of March 31, 2024 versus 32.68% as of March 31, 2023.</p><p style="text-align: justify;">Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. It offers personal, corporate, NRI, SME banking, online banking services to its customers.</p> |
| 04-Apr-2024 | Federal Bank registers 20% rise in gross advances in fourth quarter of FY24 | <p style="text-align: justify;">Federal Bank's gross advances stood at Rs 2,12,758 crore (provisional) as of March 31, 2024 (Q4FY24), posting a 19.9% rise in year-on-year (YoY) terms against Rs 1,77,377 crore as of March 31, 2023. Total deposits grew 18.4% to Rs 2,52,583 crore (provisional) as of March 31, 2024, as compared to Rs 2,13,386 crore as of March 31, 2023.</p><p style="text-align: justify;">CASA stood at Rs 74,249 crore (provisional) as of March 31, 2024, posting a 6.5% rise in year-on-year terms against Rs 69,741 crore as of March 31, 2023. Customer deposits stood at Rs 2,40,072 crore (provisional) as of March 31, 2024, posting a 18.8% rise in year-on-year terms against Rs 2,02,133 crore as of March 31, 2023. CASA Ratio stood at 29.40% as of March 31, 2024 versus 32.68% as of March 31, 2023.</p><p style="text-align: justify;">Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. It offers personal, corporate, NRI, SME banking, online banking services to its customers.</p> |
