Federal Bank Sets Ambitious 18-19% Annual Growth Target for MSME Portfolio by FY'26
Federal Bank has announced plans to expand its Micro, Small, and Medium Enterprises (MSME) portfolio, aiming for 18-19% year-on-year growth by fiscal year 2026. This strategic move focuses on small business lending, potentially diversifying the bank's loan book and capitalizing on higher yields from MSME loans. The strategy aligns with government initiatives supporting small businesses but also presents challenges in risk management and increased competition in the sector.
28May 25
Federal Bank Shares: Major Block Trade Worth Rs. 72.18 Crores Executed
A significant block trade of Federal Bank Ltd. shares occurred on the National Stock Exchange (NSE). The transaction involved 3,591,144 shares, valued at Rs. 72.18 crores, with each share priced at Rs. 201.00. This large-scale trade, often indicative of strategic moves by institutional investors, has drawn market attention and may serve as a reference point for Federal Bank's current valuation.
02May 25
Federal Bank: Q4 Profit Rises 14.4%, Shares Drop 4% as Brokerages Revise Outlook
Federal Bank's Q4 FY2023 net profit rose 14.4% to ₹1,030.20 crore, with total income reaching ₹7,654.30 crore. Asset quality improved with GNPA ratio at 1.84% and NNPA at 0.44%. Despite strong results, shares fell over 4% as brokerages revised outlooks due to concerns over NIM pressure and rising operating expenses. Nomura maintained a 'Buy' rating but lowered the target price, while Morgan Stanley reiterated an 'Underweight' stance.
30Apr 25
Federal Bank Reports Robust Q4 FY25 Results: Net Profit Surges 13.67% YoY
Federal Bank announced impressive Q4 FY25 results with net profit rising 13.67% to ₹1,030.23 crore. Full-year profit increased by 8.90% to ₹4,051.89 crore. Total business grew 12.24% to ₹5,18,483.86 crore. Asset quality improved with GNPA ratio decreasing to 1.84%. Net Interest Income grew 8.31%, and other income surged 33.44%. The bank maintained a strong capital position with a Capital Adequacy Ratio of 16.40%. A dividend of 60% was recommended for FY 2024-25.
30Apr 25
Federal Bank Q4 Profit Surges 14%, Beats Estimates on Strong Income Growth
Federal Bank's Q4 FY25 net profit rose 13.7% to ₹1,030.23 crore, beating analyst expectations. Net Interest Income grew 8.3% to ₹2,377.44 crore, while other income surged 33.4%. Asset quality improved significantly, with GNPA ratio at 1.84% and NNPA at 0.44%. Total business reached ₹5,18,483.86 crore, growing 12.24%. The bank maintained a strong Capital Adequacy Ratio of 16.40% and announced a dividend of 60% (₹1.20 per share) for FY 2024-25.
11Apr 25
Federal Bank Appoints Virat Sunil Diwanji as National Head of Consumer Banking
Federal Bank has appointed Virat Sunil Diwanji as the national head of consumer banking and a senior management personnel, effective April 10, 2025. Diwanji brings over 30 years of experience in consumer banking, including a tenure as group president and head of consumer bank at Kotak Mahindra Bank. Additionally, Federal Bank has allotted 69,321 equity shares under its Employee Stock Option Scheme (ESOS) 2017.
04Apr 25
Federal Bank Executive Director Shalini Warrier Steps Down for Entrepreneurial Pursuit
Shalini Warrier, Executive Director of Federal Bank, has resigned to pursue an entrepreneurial opportunity. The bank's Board of Directors accepted her resignation on April 4, 2025, and she will be relieved between May 15 and May 31, 2025. Warrier joined Federal Bank in 2015 and has served as Executive Director since January 2020. The bank is working on a smooth transition and has not yet announced a successor.
02Apr 25
Federal Bank Unveils Fed StarBiz Credit Card for Business Customers
Federal Bank has introduced the Fed StarBiz credit card, designed for business customers. Available in RuPay and Visa variants, the card integrates with Overdraft and Cash Credit facilities, offering credit limits up to ₹50 lakh. It features high transaction limits, advanced security measures, and simplified financial management tools. The bank plans to introduce more specialized payment solutions in 2025.
26Mar 25
Federal Bank to Boost Stake in Ageas Federal Life Insurance with 4% Acquisition
Federal Bank plans to acquire a 4% stake in Ageas Federal Life Insurance Company (AFLIC) from Ageas Insurance International NV for ₹974.40 million. This will increase Federal Bank's ownership from 26% to 30%. The acquisition involves purchasing 32 million shares at ₹30.45 per share, subject to regulatory approvals from RBI and IRDAI. The transaction is expected to complete by October 31, 2025. AFLIC has shown strong financial performance with ₹17,455 crore in assets under management and ₹107 crore net profit in FY 2024.
25Mar 25
Federal Bank to Acquire 4% Stake in Ageas Federal Life Insurance for ₹97.44 Crore
Federal Bank plans to acquire an additional 4% stake in Ageas Federal Life Insurance Company Limited (AFLIC) from Ageas Insurance International NV. The bank will purchase 32 million shares at ₹30.45 per share, totaling ₹974.40 million. This will increase Federal Bank's stake from 26% to 30%. The acquisition is subject to regulatory approvals and is expected to complete by October 31, 2025. AFLIC reported strong financial performance with a net worth of 1176.00 and net profit of 107.00 in FY 2024.
24Feb 25
Federal Bank's New CEO Unveils Ambitious Plan to Become Top 5 Private Bank
Federal Bank's new CEO, KVS Manian, has unveiled a strategic plan to elevate the bank to one of India's top five private sector banks within 3-5 years. The plan includes national expansion, operational modernization, and diversification into microfinance, asset management, and investment banking. Several prominent financial firms have maintained 'Buy' ratings for Federal Bank's stock, showing confidence in the new strategy.