Latest Updates Around The World
The Federal Bank on Friday reported strong financial performance for the third quarter of FY26, with a net profit of Rs 1,041.21 crore, growing 8.98% year-on-year (year-on-year) and up 9% sequentially (QoQ).The strong increase in operating income was driven by higher core revenues, stable margins and continued operating leverage, as the lender maintained its momentum […]
Shares of Federal Bank rose as much as 3.4% to a record high of Rs 235.20 on the BSE on Monday, extending Friday’s rally after Blackstone announced a $705 million investment for a 9.9% stake in the private lender. The move positions the US private equity giant as Federal Bank’s largest shareholder and underlines the […]
Kerala-based private lender Federal Bank on Friday approved the issuance of convertible warrants worth Rs 6,196 crore to Asia II Topco XIII, a subsidiary of private equity giant Blackstone, sending its shares up as much as 2.2% to Rs 232.25 on the BSE. The move positions Blackstone to acquire a nearly 10% stake in the […]
