Federal Bank gains as its total business crosses Rs 1 lakh crore

02 Apr 2013 Evaluate

Federal Bank is currently trading at Rs. 487.45, up by 0.95 points or 0.20% from its previous closing of Rs. 486.50 on the BSE.

The scrip opened at Rs. 487.40 and has touched a high and low of Rs. 491.00 and Rs. 487.15 respectively. So far 5199 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 550.75 on 02-Jan-2013 and a 52 week low of Rs. 335.00 on 25-Apr-2012.

Last one week high and low of the scrip stood at Rs. 492.00 and Rs. 477.75 respectively. The current market cap of the company is Rs. 8347.87 crore.

The Institutions and Non-Institutions held 66.95% and 30.94% stake in the bank, respectively.

Federal Bank, a Kerala-based private sector bank has achieved a milestone as the bank’s total business has crossed Rs 1 lakh crore mark. The bank is planning to add another 100 branches to its current 1,067 branches across the country this year. It aims to increase the branches to 175 from the present 120 in Tamil Nadu, with a business of Rs 7,105 crore representing 7.36% of the bank’s total business, in the current year.

Federal Bank is the fourth largest bank in India in terms of capital base and can easily boast of a Capital Adequacy Ratio of 17.23%, one of the highest in the industry. This along with the existence in a highly regulated environment has helped the bank to tide over the recession with minimum impact to its financial stability.

Federal Bank Share Price

194.05 -6.90 (-3.43%)
20-Dec-2024 16:59 View Price Chart
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