The Federal Bank is currently trading at Rs. 87.90, up by 0.70 points or 0.80% from its previous closing of Rs. 87.20 on the BSE.
The scrip opened at Rs. 88.90 and has touched a high and low of Rs. 88.90 and Rs. 86.90 respectively. So far 219196 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 107.65 on 25-Oct-2021 and a 52 week low of Rs. 68.80 on 04-Jan-2021.
Last one week high and low of the scrip stood at Rs. 88.90 and Rs. 80.60 respectively. The current market cap of the company is Rs. 18329.69 crore.
The while Institutions and Non-Institutions held 68.45% and 31.55% stake respectively in the company.
Federal Bank has posted 12 per cent growth in gross advances at Rs 1,43,633 crore for the third quarter (Q3) ended December 31,2021. The CASA was up 15% to Rs 64343 crore as of December 31, 2021 against Rs 55740 crore YoY. The bank’s deposits also rose by 9 per cent YoY to Rs 175432 crore in the quarter from Rs 161670 crore in the same period a year ago.
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.