Federal Bank

Federal Bank net profit rises 7.9% to Rs 838.17 crore

Federal Bank net profit rises 7.9% to Rs 838.17 croreIndia's private sector bank, Federal Bank has recorded an increase of 7.9 per cent in net profit to Rs. 838.17 crore during the financial year 2012-2013 compared to the previous financial year.

The bank said that its total income recorded an increase of 12.17 per cent to Rs. 6832.01 crore during the financial year March, 2013 compared to the financial year till March, 2012. The bank's crucial net non-performing assets

Banks hike rates on short-term fixed deposits as liquidity tightness persistes

Banks hike rates on short-term fixed deposits as liquidity tightness persistesBanks have started increasing interest rates on short-term fixed deposits (FDs), thanks to persistent tight liquidity.

Federal Bank has increased interest rates on fixed deposits of 1-3 year tenure from 8.75 per cent to 9 per cent.

Corporation Bank is offering rates of 9.25 per cent and 9 per cent on fixed deposits of between Rs 10,000 and Rs 5 crore for 444-day and 222-day tenures, respectively.

Buy Federal Bank With Target Of Rs 564

Buy Federal Bank With Target Of Rs 564Stock market analyst Hemang Jani of Sharekhan said that the investors can buy Federal Bank Ltd stock with a long term target of Rs 564.

According to Mr. Jani, it is better to buy stock at the current level.

Today, the stock of the bank opened at Rs 455 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 501 and a low of Rs 233.35 on BSE.

Current EPS & P/E ratio stood at 29.21 and 15.72 respectively.

Earlier, Federal Bank has given nod to a dividend payment of 50% to its stockholders.

Buy Federal Bank With Target Of Rs 385

Buy Federal Bank With Target Of Rs 385Stock market analyst Monal Desai of Prabhudas Liladhar has maintained 'buy' rating on Federal Bank Ltd stock with a target of Rs 385.

According to analyst, the interested investors can buy the stock above Rs 94 with a strict stop loss of Rs 356.

The stock of the bank, on Sep 08, closed at Rs 362.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 369 and a low of Rs 225 on BSE.

Current EPS & P/E ratio stood at 26.92 and 13.60 respectively.

Buy Federal Bank With Target Of Rs 350

Buy Federal Bank With Target Of Rs 350Stock market analyst Shardul Kulkarni of Angel Broking is of the view that investors can buy Federal Bank Ltd with target of Rs 350.

According to analyst, the interested investors can buy the stock on dips.

Today, the shares of the company opened at Rs 331.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 354.80 and a low of Rs 215.55 on BSE.

Current EPS & P/E ratio stood at 27.17 and 12.16 respectively.

Federal Bank, on June 30, fixed its base rate at 7.75% w. e. f July 01, 2010.

Federal Bank Long Term Buy Call: Abhishek Jain, StocksIdea.com

Federal Bank Long Term Buy Call: Abhishek Jain, StocksIdea.comFederal Bank was incorporated as Travancore Federal Bank Limited to cater to the banking needs of Travancore Province in the year 1931. Bank was reconstituted and fresh Articles of Association were adopted and the Bank was renamed as The Federal Bank limited later in 1949. Bank started Information Technology Strategic Plan 2000 for automating its branches in a phased manner. Bank has also developed "Fedsoft" the automation software package in house.




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