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Acquisition

Federal Bank Acquisition

Federal Bank's Board approved the acquisition of a select retail credit card portfolio from Standard Chartered Bank, India. The transaction will be executed via a deed of assignment. This strategic move expands Federal Bank's unsecured retail footprint. Further updates on the execution timeline will follow.

Source

BSE filing, NSE: FEDERALBNK. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Federal Bank Ltd: key numbers

Share price
₹346.00
Market cap
₹85,562 Cr
Revenue (annual)
₹29,674 Cr
Net profit (annual)
₹4,345 Cr
P/E (TTM)
16.5×Sector 19.7×
Promoter holding
0.00%+0.00% QoQ
FII holding
28.54%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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