Federal Bank share price reaches a 52-week high as advances expand by 20% and deposits climb by 19.6% year on year in Q1.
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…