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Federal Bank Ltd

BSE Code : 500469 | NSE Symbol : FEDERALBNK | ISIN:INE171A01029| SECTOR: - |

NSE BSE
 

81.50

-4.75 (-5.51%) Volume 280564

20-Aug-2018 EOD

Prev. Close

86.25

Open Price

86.30

Bid Price (QTY)

81.50(57878)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 86.30 - 86.30

52 wk High/Low 127.65 - 73.50

Key Stats

MARKET CAP (RS CR) 16137.78
P/E 17.34
BOOK VALUE (RS) 61.6475965
DIV (%) 50
MARKET LOT 1
EPS (TTM) 4.7
PRICE/BOOK 1.32203045417999
DIV YIELD.(%) 1.22
FACE VALUE (RS) 2
DELIVERABLES (%) 24.61

News & Announcements

20-Aug-2018

Federal Bank Ltd leads losers in 'A' group

20-Aug-2018

Volumes soar at S H Kelkar & Company Ltd counter

17-Aug-2018

Federal Bank Ltd leads losers in 'A' group

13-Aug-2018

Federal Bank Ltd - Shareholder Meeting / Postal Ballot-Scrutinizers Report

26-Jul-2018

Federal Bank allots 6.85 lakh equity shares

07-Jul-2018

Federal Bank to table results

22-Jun-2018

Board of Federal Bank approves raising of funds by issue of debt securities

20-Jun-2018

Federal Bank announces board meeting date

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
AU Small Finance Bank Ltd 540611 AUBANK
Axis Bank Ltd 532215 AXISBANK
Bandhan Bank Ltd 541153 BANDHANBNK
Bank of Madura Ltd (Merged) 531966 BANKMADURA
Bank of Punjab Ltd(merged) 500070 BANKPUNJAB
Bank of Rajasthan Ltd(merged) 500019 BANKRAJAS
Centurion Bank of Punjab Ltd(merged) 532273 CENTBOP
City Union Bank Ltd 532210 CUB
DCB Bank Ltd 532772 DCBBANK
Dhanlaxmi Bank Ltd 532180 DHANBANK
Global Trust Bank Ltd (Merged) 500161 GLOBLTRUST
HDFC Bank Ltd 500180 HDFCBANK
ICICI Bank Ltd 532174 ICICIBANK
IDBI Bank Ltd(merged) 532235 IDBIBANK
IDFC Bank Ltd 539437 IDFCBANK
IndusInd Bank Ltd 532187 INDUSINDBK
ING Vysya Bank Ltd(Merged) 531807 INGVYSYABK
Karnataka Bank Ltd 532652 KTKBANK
Karur Vysya Bank Ltd 590003 KARURVYSYA
Kotak Mahindra Bank Ltd 500247 KOTAKBANK
Lakshmi Vilas Bank Ltd 534690 LAKSHVILAS
Nedungadi Bank Ltd (Merged) 511264 NEDUNGBANK
RBL Bank Ltd 540065 RBLBANK
South Indian Bank Ltd 532218 SOUTHBANK
Standard Chartered PLC 580001 STAN
Times Bank Ltd (merged) 532252 TIMESBANK
United Western Bank Ltd(merged) 500430 UNIWESTBNK
Yes Bank Ltd 532648 YESBANK

Share Holding

Category No. of shares Percentage
Total Foreign 785698311 39.73
Total Institutions 598289133 30.25
Total Govt Holding 10 0.00
Total Non Promoter Corporate Holding 32495822 1.64
Total Promoters 0 0.00
Total Public & others 561141718 28.37
Total 1977624994 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Federal Bank Ltd

Federal Bank Limited is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala. The Bank operates in four segments: treasury operations, wholesale banking, retail banking and other banking operations. Treasury operations include investment and trading in securities, shares and debentures. The Bank's products and services include working capital, term finance, trade finance, specialized corporate finance products, structured finance, foreign exchange, syndication services and electronic banking requirements. The bank has 1,252 branches, 1,696 ATMs and 231 Cash Machines as on 31 March 2018. The bank also has its Representative Offices at Abu Dhabi and Dubai and an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City). The Bank offer its customers, a variety of services such as Internet banking, Mobile banking, on-line bill payment, online fee collection, depository services, Cash Management Services, merchant banking services, insurance, mutual fund products and many more as part of its strategy to position itself as a financial super market and to enhance customer convenience. Federal Bank Ltd was incorporated on April 28, 1931 with the name Travancore Federal Bank Ltd. The company was established with an authorized capital of rupees five thousand at Nedumpuram, a place near Tiruvalla in Central Travancore under the Travancore Company's Act. The Bank was founded by K.P.Hormis. They started business of auction -chitty and other banking transactions connected with agriculture and industry. In May 18, 1945, the registered office of the Bank was shifted to Aluva. They opened their first branch at Aluva and commenced operations. In the year 1946, they opened their second branch at Angamally. In March 24, 1947, the name of the Bank was changed to Federal Bank Ltd. In April 1947, they opened their third branch of the Bank was at Perumbavoor. In July 11, 1959, the Bank was licensed under Sec.22 of the Banking Companies Act, 1949. The Bank floated several kuries one after another. They also introduced several new deposit schemes during the same period. In the year 1964, the Bank took over the assets and liabilities of the Chalakudy Public Bank Ltd, The Cochin Union Bank Ltd and The Alleppey Bank Ltd. In the year 1965, the St.George Union Bank Ltd was amalgamated merged with the Bank. In the year 1968, The Marthandom Commercial Bank Ltd was amalgamated with the Bank. In the year 1970, the Bank became a Scheduled Commercial Bank. In the year 1973, the Bank became an Authorized Dealer in Foreign Exchange and the International Banking Department of the bank was started functioning from Mumbai. In the year 1975, the Bank opened 53 branches. In the year 1976, they opened 42 branches. In the year 1982, the Bank shifted the International Banking Department to Cochin as part of consolidation and centralization of activities. As part of the organization redesigning recommended by National Institute of Bank Management (NIBM), the Agricultural Finance Department was set up in head office in November 1984. In July 1985, the Bank set up Personnel and Industrial Relations Department. Also, they installed the first Advanced Ledger Posting Machine (ALPM-a Wipro banker) at Br.Aluva-Bank Junction branch. In the year 1987, they inaugurated the administrative building complex. In the year 1989, the Bank entered into the Merchant Banking Operations. In March 1994, the Bank came out with the public issue. In February 17, 1997, the bank inaugurated their first ATM at Eranakulam North. In the year 2000, the Bank started their Any Where Banking (ABB) at Bangalore connecting all branches located in the Bangalore metro. They launched Depository Services in association with NSDL. Also, they commenced Internet Banking under the name of 'FedNet' with software support from Infosys Technologies Ltd. They entered into marketing pacts with some commercial agencies for their E-commerce business. In the year 2001, the bank made a tie up with Escotel Communications to launch mobile banking services using SMS technology. Also, they launched a new deposit scheme christened as 'Suraksha' for senior citizens. The bank became a member of INFINET, the financial network supported by RBI. In February 2002, they set up full-fledged systems for the RBI's Negotiated Dealing Systems (NDS) at the Funds & Investment Branch in Mumbai, enabling online trading in securities. In the year 2003, the Bank unveiled the Anywhere Banking that provided the convenience of doing transactions from 300-plus interconnected branches. In the year 2004, the Bank obtained the level of 100% interconnectivity among all their branches. Also, they launched an Equity Subscription Scheme, a new retail product for financing the IPOs and public issue applications of their own customers. The Bank joined hands with ICICI Prudential Life Insurance Company Ltd for premium collection through their branches and introduced new Fed e-Pay services. In the year 2005, JRG Securities Ltd forged an alliance with the Bank for providing loans for subscribing to initial public offers (IPOs). The bank emerged as the first bank in India to offer Real Time Gross Settlement (RTGS) across all of their branches. In September 2, 2006, Ganesh Bank was amalgamated with the Bank and the 32 branches of erstwhile Ganesh Bank of Kurundwad Ltd were successfully integrated to bank's network. During the period of 2006-07, the Bank entered into a joint venture agreement with IDBI Ltd & Fortis Insurance International N V for incorporating a Life Insurance Company under the name of IDBI Fortis Life Insurance Company Ltd. During the year 2007-08, the Bank opened their Representative office at Abu Dhabi, Capital of UAE for the gateway of the bank to the whole of Middle East and also as an interface between their existing customers of GCC countries and its Branches /Offices in India. In March 2008, the Bank's joint venture life insurance company, IDBI Fortis Life Insurance Company Ltd commenced their operation. During the year 2009-10, the Bank opened 60 new branches and 115 new ATM centres. During the year 2010-11, they opened 71 new branches and 73 new ATMs. As on March 31, 2011, the total number of branches and ATMs of the Bank increased to 743 and 805 respectively, as against 672 and 732 in the last financial year. As of March 31, 2011, the Bank had two A category branches and 78 branches designated as B category for handling the foreign exchange business. Federal Bank opened 66 branches across the length and breadth of the nation on the occasion of the bank's 66th Founders Day on 18 October 2011. In November 2011, the bank launched its second 24x7 Customer Care Contact Centre manned by differently able people. In December 2011, Federal Bank signed Inward Remittance Agreement with Samba Bank, one of the largest banks in Saudi Arabia (KSA). In January 2012, Federal Bank's Islampur branch became the first branch to implement ICT model Financial Inclusion product FedJyothi' in Maharashtra. During the month, Federal Bank launched Fast Biz Visa International Business Debit Card to SME/Corporate Clients. In March 2012, Federal Bank formally launched 100 branches on a single day, pan India, taking the total number of branches 935. In April 2012, Federal Bank launched IMPS, the instant interbank fund transfer service through mobile phone by which the amount is instantly credited to the account of the beneficiary. In August 2012, Federal Bank opened its 1000th branch at Tiruvalla Muthoor in Kerala. In December 2012, the total employee strength of the bank crossed 10,000. Federal Bank's 3rd Currency Chest in Mumbai was inaugurated in March 2013. During the month, the bank's 'Money Exchange Bureau' was inaugurated at Trivandrum International Airport. Federal Bank crossed Rs 1 lakh crore of total business at the end of financial year 2012-13. In May 2013, Federal Bank introduced Value Added Services (Travel, Tax Advisory Service) to NRI customers through website. In June 2013, Federal Bank entered into a tie up with Tata Communications Payment Solutions Ltd (TCPSL) for acting as the sponsor bank for white label ATMs to be deployed by TCPSL. Federal Bank is the first bank in India to be the sponsor bank for White Label ATMs In August 2013, Federal Bank launched FedBook, the first electronic passbook launched by a bank in India. FedBook is a mobile app through which customers can view their passbook details. Federal Bank's total number of branches crossed 1,150 in February 2014. The bank continued to expand its footprint and added 32 branches and 47 ATMs during the quarter ended 31 March 2014 to take the tally to 1,174 branches and 1,359 ATMs as on 31 March 2014. The bank added 29 branches and 33 ATMs during the quarter ended 30 June 2014 to take the tally to 1,203 branches and 1,392 ATMs as on 30 June 2014. During the quarter ended 30 September 2014, Federal Bank added 11 branches and 43 ATMs to take the tally to 1,214 branches and 1,435 ATMs as on 30 September 2014. Federal Bank opened its first International Standard 24 X 7 Banking facility christened Federal Experience Center on 21 November 2014 at Nedumbassery, Kochi. In March 2015, Federal Bank joined hands with Startup Village in Kerala and MobME wireless to launch India's first focused FinTech Accelerator Programme, a unique programme that aims at speeding up technological innovations in the financial sector space. In May 2015, Federal Bank and SBI Card announced their collaboration to launch Federal Bank-SBI co-branded credit cards. Through this alliance Federal Bank launched two new variants of Visa credit cards for its customers, namely Platinum and Gold N More. In June 2015, Federal Bank launched Scan N Pay, an innovative payment app for smartphones. The bank also launched Mobile Recharge facility through its ATMs. In August 2015, Federal Bank launched its first digital loan Fed-E-Credit, an online loan against deposit facility. During the month, the bank enabled Card-to-Card fund transfer facility through its ATMs and also launched FedBook Selfie - a mobile based savings banks (SB) account opening application which is first of its kind in India. In October 2015, Federal Bank became the first bank to introduce Currency Conversion Desk and mobile ATM facility at the Cochin Port, facilitating passengers of cruise ships to exchange currency upon arrival. During the month, the bank introduced Missed call based banking services for Balance Enquiry and Mini Statement. During the month, Federal Bank became the second bank to open an International Financial Services Centre (IFSC) Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City). In December 2015, Federal Bank introduced Missed call based banking services for Mobile Recharge. In January 2016, Federal Bank introduced Missed call based banking services for Fund transfer. In March 2016, Federal Bank launched Payment Gateway facility for KSEB electricity Bill payment. In April 2016, Federal Bank entered into a strategic partnership with Phillip Capital (India) Pvt. Ltd., a subsidiary of the Singapore headquartered Phillip Capital group, for providing Portfolio Investment Scheme (PIS) services to NRIs. In June 2016, Federal Bank launched Launchpad', an exclusive outlet for start-ups. Launchpad' is a one stop facility providing a range of advisory services in addition to customized banking offerings to budding entrepreneurs who wish to set up start-up ventures in diverse sectors like Digital Financial Services, Biotechnology, Hi-Tech Farming, Healthcare, Logistics, E-Commerce/E-Markets etc. In August 2016, Federal Bank launched its Unified Payments Interface (UPI) application 'Lotza'. Built on the concept 'Accounts of different Banks on one App', Lotza offers seamless and secure financial transaction capability between accounts of different Banks through a single app. On 15 November 2016, Federal Bank announced that RBI has given its approval to the bank to open a representative office in Manama, Bahrain and also to open a branch in DIFC, Dubai, UAE. The Credit Committee & Investment and Raising Capital Committee of the bank at its meeting held on 29 June 2017, approved the issue and allotment of 21.55 crore equity shares to Qualified Institutional Buyers (QIB) at the issue price of Rs 116 per share aggregating to Rs 2500 crore. The Qualified Institutional Placement (QIP) issue was closed on 27 June 2017. On 8 November 2017, Federal Bank announced that the Reserve Bank of India has given its approval to the bank for opening representative offices at Kuwait and Singapore. With the opening of these offices, the bank will be able to widen its services to NRI diaspora and also enhance the international visibility of the bank. The total business of the bank crossed the milestone figure of Rs 2 lakh crore in Q4 March 2018. The bank also delivered its highest operating profit of Rs 589 crore in Q4 March 2018. On 11 May 2018, Federal Bank informed the stock exchanges that the Reserve Bank of India accorded approval to the bank for acquisition of up to 19.90% of the equity capital of Equirus Capital Private Limited (ECPL) as against approval of the Board of Directors of the bank for acquisition of a significant minority stake of up to 26% of ECPL. Earlier, on 22 February 2018, the Board of Directors of the bank approved acquisition of a significant minority stake of up to 26% of ECPL, a financial services company, subject to statutory and regulatory approvals and satisfactory completion of financial and legal due diligence. On 11 May 2018, Federal Bank and Fedbank Financial Services Limited (Fedfina), a wholly owned subsidiary of the bank, entered into definitive agreements for Fedfina to issue fresh equity shares, subject to statutory and regulatory approval, constituting 26% of the post-issue paid up share capital of Fedfina, to a fund managed by True North Enterprise Private Limited. On 12 June 2018, Federal Bank and Equirus Capital Private Limited (ECPL) entered into definitive agreements for investment by the bank upto 19.89% in the equity share capital of Equirus Capital Private Limited.

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