The Federal Bank is currently trading at Rs. 143.25, up by 0.65 points or 0.46% from its previous closing of Rs. 142.60 on the BSE.
The scrip opened at Rs. 142.65 and has touched a high and low of Rs. 144.20 and Rs. 140.85 respectively. So far 463673 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 150.00 on 11-Sep-2023 and a 52 week low of Rs. 109.50 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 150.00 and Rs. 142.00 respectively. The current market cap of the company is Rs. 33551.28 crore.
The Institutions and Non-Institutions held 68.55% and 31.45% stake in the company respectively.
Federal Bank is planning to open 100 more branches this fiscal as part of its increasing focus on lending to small businesses. The lender had opened 75 branches last fiscal. Most of these branches will come up in Tamil Nadu where it already has 200 branches besides Karnataka, Andhra Pradesh and Telangana, the states which have the largest concentration of small businesses.
During the past five years, the bank has almost doubled its branch presence to 1,100 from 600. As part of the SME focus, the bank will be driving the co-lending model too. It has already tied up with a fintech player Yubi and is in discussions with half a dozen more and will likely close co-lending agreements with at least four of them, this fiscal.
Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. It offers personal, corporate, NRI, SME banking, online banking services to its customers.
| Company Name | CMP |
|---|---|
| HDFC Bank | 1772.05 |
| ICICI Bank | 1285.70 |
| Axis Bank | 1072.10 |
| Kotak Mahindra Bank | 1743.55 |
| Indusind Bank | 930.00 |
| View more.. | |
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