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Acquisition

Federal Bank Acquisition

Federal Bank Ltd has executed a deed of assignment with Standard Chartered Bank, India to acquire its select retail credit card portfolio. The transaction involves migrating identified cardholders to Federal Bank. This strategic acquisition expands the bank's retail credit card footprint.

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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