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.
Jul 07, 2016, 16:00 PM IST
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.
Jun 09, 2016, 22:18 PM IST
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.
May 02, 2016, 21:09 PM IST
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.
Sep 21, 2015, 16:47 PM IST
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.
Sep 15, 2015, 19:33 PM IST
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.
Jul 20, 2015, 22:37 PM IST
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.
Jul 19, 2015, 16:15 PM IST
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.
Jul 18, 2015, 18:47 PM IST
Nilesh Vikamsey appointed Federal Bank part-time Chairman
Nilesh Shivji Vikamsey has been appointed as part-time Chairman of Federal Bank.
Jun 19, 2015, 19:17 PM IST
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.
Jun 08, 2015, 18:16 PM IST
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.
May 18, 2015, 20:44 PM IST
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.
May 08, 2015, 18:40 PM IST
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.
May 06, 2015, 19:11 PM IST
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.
Apr 29, 2015, 18:46 PM IST
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.
Apr 25, 2015, 21:02 PM IST
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.
Apr 20, 2015, 19:46 PM IST
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.
Jan 15, 2015, 17:35 PM IST
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.
Oct 26, 2014, 15:37 PM IST
Federal Bank Net up 6.4% on high fee income, better assets
South-based private sector lender Federal Bank Thursday reported a 6.42 percent rise in September quarter net at Rs 240.30 crore, helped by a reduction in bad assets and better income.
Oct 16, 2014, 18:44 PM IST
Federal Bank net more than doubles to Rs 220 cr
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.
Jul 16, 2014, 22:00 PM IST
