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Federal Bank reports marginal rise in Q2 net profit

Federal Bank has reported results for second quarter ended September 30, 2018. The Bank has reported a marginal rise of 0.89% in its net profit at Rs 266.04 crore for the quarter under review as compared to Rs 263.70 crore for the same quarter in the previous year. Total income ... Read More »

Federal Bank gets RBI’s nod to sell 45% stake in Fedfina

Federal Bank has received an approval from the Reserve Bank of India (RBI) for proposal to sell up to 45% stake in NBFC arm Fedbank Financial Services (Fedfina) to private equity firm True North. Earlier in May, the board of the Bank had approved 26% strategic investment by True North ... Read More »