In the June 2024 quarter, Federal Bank’s gross advances increased by 20% to ₹2,24,139 crore from ₹1,86,593 crore in the previous year, leading to an increase in share price. On Wednesday, Federal Bank’s share price rose more than 4% to a new 52-week high after the lender published a good business update for the first…
Federal Bank shares: Federal Bank reported nearly flat profits for the March quarter due to provisions for wage hikes, but analysts noted that the overall performance exceeded expectations. They highlighted the unchanged net interest margin (NIM) and minimal credit costs as positive factors. Looking ahead, analysts are closely monitoring the upcoming replacement of current MD…
Kotak Bank: Federal Bank shares dropped by 7.97 percent, reaching a low of Rs 150 on the BSE. Meanwhile, Kotak Mahindra Bank shares were trading 0.84 percent higher at Rs 1,746.05 on the BSE. Federal Bank Ltd witnessed an 8 percent plunge in its shares during Tuesday’s trading session. This drop came as Kotak Mahindra…
