Federal Bank launches RuPay backed NCMC wallet Debit Cards
Federal Bank becomes one of the earliest private sector banks to launch NCMC integrated Debit cards.
Federal Bank launches WhatsApp Registration for PMJJBY and PMSBY
Federal Bank has launched WhatsApp enrolment for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY).
Federal Bank launches NR savings accounts for NRI women
Mumbai: Federal Bank, on the occasion of the start of the FIFA Women’s World Cup, announced the launch of an exclusive NR savings account scheme, specifically curated for Non-Resident Indian (NRI) women.
A.P. Hota appointed as the new Chairman of Federal Bank
Mumbai: Reserve Bank of India accorded approval for the appointment of A.P. Hota as the part-time Chairman of the Bank with effect from June 29, 2023 till January 14, 2026.
Harsh Dugar appointed as Federal Bank's executive director
Harsh Dugar has been appointed as the executive director of Federal Bank after following approval from the Reserve Bank of India (RBI).
Federal Bank inaugurates new branch in Ambernath
Mumbai: Federal Bank proudly announces the inauguration of its Ambernath branch, marking its 163rd branch in the Mumbai Zone.
Federal Bank Q4 net profit jumps 67 pc to Rs 903 crore
Mumbai: Private sector lender Federal Bank on Friday reported a 67% year-on-year rise in net profit to Rs 903 crore for the January-March quarter (Q4) of the financial year 2022-23.
Federal Bank disburses the largest amount of climate loans
Mumbai: Federal Bank was awarded the Certificate of Achievement by the International Finance Corporation (IFC), a World Bank Group in recognition of Climate Financing Leadership in the South Asia Region (CSA) during FY 22 for having disbursed 332.9 million USD, making it the largest amount of climate loans disbursed.
Federal Bank reports record Net Profit of Rs 704 cr in Q2FY23, up 53 pc YoY
Private sector lender Federal Bank Friday announced a net profit of Rs 704 crore, its highest ever, in the quarter ended September 30, 2022, up 52.89 percent year-on-year (YoY) over Rs. 460.26 crore during the corresponding quarter of the previous year.
Federal Bank enables utility bill payment services in its cross border remittance platform
Mumbai: Last week, Reserve Bank of India, permitted foreign inward remittances to be received under the rupee drawing arrangement (RDA) through the Bharat Bill Payment System (BBPS).
Federal Bank Q1 consolidated net moved up by 77.77 pc
Mumbai: Private Sector lender, Federal Bank has reported a rise of 77.77 percent to Rs 634.22 crores for quarter ended June 30, 2022 as against net profit of Rs 356.76 crores for the quarter ended June 30, 2021.
FedFina to raise Rs 900 cr via IPO
Mumbai/UNI: Private sector lender Federal Bank on Sunday said its subsidiary Fedbank Financial Services (FedFina) has filed draft papers with market regulator SEBI to raise Rs 900 crore through initial public offer.
Federal Bank launches RuPay Signet Contactless Credit Card
Kolkata: Federal Bank joined hands with the National Payments Corporation of India (NPCI) to launch the ‘Federal Bank RuPay Signet Contactless Credit Card’.
Federal Bank Q2 net profit down by 25.84 pc to Rs 315.45 cr
Mumbai/UNI: Private sector lender Federal Bank has posted a decline of 25.84 per cent in its net profit for the quarter ended September 30, 2020 at Rs 315.45 crores as against net profit of Rs 425.34 crore for the quarter ended September 30, 2019 as the bank stepped up provisions to deal with likely rise in slippages due to the economic impact caused by the Covid 19 pandemic.
GeM signs MoU with Federal Bank
Mumbai/IBNS: Government e-Marketplace (GeM) signed Memorandum of Understanding with Federal Bank, a leading private sector bank in the country.