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Federal Bank trades in green on the bourses

Federal Bank is currently trading at Rs. 96.00, up by 0.15 points or 0.16% from its previous closing of Rs. 95.85 on the BSE.

The scrip opened at Rs. 96.50 and has touched a high and low of Rs. 97.20 and Rs. 94.90 respectively. So far 69936 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 110.35 on 03-Jul-2019 and a 52 week low of Rs. 67.05 on 05-Oct-2018.

Last one week high and low of the scrip stood at Rs. 98.60 and Rs. 82.60 respectively. The current market cap of the company is Rs. 19056.13 crore.

The Institutions holding in the company stood at 67.97%, while Non-Institutions held 32.03% stake in the company.

Pine Labs, a merchant focused company, has entered into a strategic alliance with Federal Bank to offer Equated Monthly Installments (EMIs) on debit card-based offline transactions to all the bank’s customers.

The objective of this association is to provide the affordability solution to debit card holders of Federal Bank, by way of POS based EMI solutions. It will allow 5.7 million Federal Bank debit card holders to instantly avail loan on EMI at the Pine Labs terminals.

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.

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