Federal Bank is currently trading at Rs. 93.15, up by 1.20 points or 1.31% from its previous closing of Rs. 91.95 on the BSE.
The scrip opened at Rs. 92.05 and has touched a high and low of Rs. 93.90 and Rs. 91.70 respectively. So far 60,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 99.85 on 10-Apr-2014 and a 52 week low of Rs. 44.25 on 04-Sep-2013.
Last one week high and low of the scrip stood at Rs. 93.90 and Rs. 90.95 respectively. The current market cap of the company is Rs. 7,963.00 crore.
The Institutions and Non-Institutions held 64.16% and 33.38% respectively.
Federal Bank has launched a new gold loan product ‘Vidya Gold’ in order to meet educational expenses in the forth coming school re-opening season. The product is ideal for meeting the school admission and related expenses of students from LKG level to Higher Secondary.
The bank offers this product at 200 basis points lower than normal gold loan products, an interest rate as low as Rs 99 paise per Rs 100 per month. To encourage the students to maintain bank accounts and develop saving habit, the product is offered as a combo offer beneficiaries are requested to open an SB or RD account.
Under the scheme, 75% of the market value of gold pledged is given as loan subject to a maximum of Rs one lakh.
Company Name | CMP |
---|---|
HDFC Bank | 1801.00 |
ICICI Bank | 1296.40 |
Axis Bank | 1079.20 |
Kotak Mahindra Bank | 1744.90 |
Indusind Bank | 944.70 |
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