Federal Bank Share Price

Federal Bank Ltd.

Federal Bank Limited is a private-sector bank based in Aluva, Kerala, India. The bank operates over 1504 banking locations, more than 2015 ATMs and CDMS locations throughout various Indian states, and international representative offices in Abu Dhabi and Dubai.

With more than 18.1 million clients and a vast global network of remittance partners, Federal Bank manages almost 25% of all inward remittances from India. Around 110 banks and exchange companies worldwide have settlement agreements with the bank. The bank maintains a branch at India's first International Financial Services Centre (IFSC) at the GIFT City. It is listed on the Bombay Stock Exchange, the National Stock Exchange of India, and the London Stock Exchange.

About Federal Bank share price NSE

Serving urban and rural parts of India, Federal Bank is a favoured banking partner for individual, NRI, and corporate clients. The bank lives up to its motto, "Digital at the Fore, Human at the Core," and is motivated to become one of the most admired financial organisations in the nation. With this strategy, Federal Bank will be at the forefront of the digital revolution of the banking industry, redefining the client experience through digital innovation.

Federal Bank, a Great Place to Work, aspires to be the top option for all Indians. This goal is supported by its internal and external focus on service quality. As a result of its successful digital initiatives over the last ten years, the Federal bank share price target has emerged as a leader in the neo-banking industry. The bank's approach and dedication to a safe loan portfolio and organic, detailed liabilities have strengthened its financial stability, even with 86% of transactions now taking place digitally.

Federal Bank collaborates with neo-banks to reach India's underbanked and underserved populations as part of its commitment to inclusive finance. The bank wants to improve the efficiency and sustainability of small businesses by inventing and developing digital solutions for them. This dedication to democratising financial services and tackling environmental sustainability and economic inequality supports the Federal Bank's governance objectives. Through its initiatives, the bank will ensure it becomes 'The Perfect Banking Partner' for underprivileged communities and small businesses, closing the digital divide and offering real advantages.

Banking Industry Overview

The banking sector plays a critical role in the world economy by giving people, companies, and governments access to vital financial services. In addition to current and savings accounts, banks also provide loans, mortgages, and investment products. They offer a haven for savings, ease financial transactions, and promote economic expansion.

Digital transformation has recently had a significant impact on the banking industry. Digital payment methods, smartphone apps, and online banking have completely transformed customers' interactions with banks, providing accessibility and convenience. Due to this change, the emergence of fintech companies and neo-banks has also increased industry competitiveness.

Regulative frameworks maintain the stability and security of the banking sector by safeguarding consumers' interests. The sector is still evolving and focused on innovation, customer experience, and inclusive finance to satisfy the requirements of a broad and expanding client base, even in the face of obstacles like economic swings and cybersecurity risks.

Federal Bank Limited's Competitors

Here are the top competitors of the Federal Bank Limited:

• Axis Bank
• HDFC Bank
• IDFC First Bank
• Bandhan Bank
• ICICI Bank

Federal Bank share dividend history

• 1931: Travancore Federal Bank Limited was established to serve banking needs in Travancore Province under K.P. Hormist's leadership.
• 1949: Reconstituted as The Federal Bank Limited with new Articles of Association.
• 1993: Issued equity shares, including to ICICI associates.
• 1994: Offered Federal bank share news to the public at a premium.
• 1995: Issued equity shares to St. George Union Bank Ltd shareholders.
• 1996: Initiated a 3-year Information Technology Strategic Plan.
• 1997: Developed "Fedsoft" automation software and installed an ATM in Mumbai.
• 1998: Launched Fed Flexi deposit scheme and planned to open 100 branches.
• 1999: Launched new loan schemes and a specialised branch for asset recovery in Mumbai.
• 2000: Ventured into Internet banking and e-commerce.
• 2001: Partnered with Escotel Communications for mobile banking and launched a deposit scheme for senior citizens.
• 2003: Introduced Anywhere Banking and cut home loan interest rates.
• 2004: Achieved 100% branch interconnectivity and launched new retail products.
• 2005: Formed alliances for IPO loans and won awards for IT innovation.
• 2006: Acquired Ganesh Bank and introduced savings deposit schemes.
• 2007: Issued rights shares, bought stakes in other banks, and set up an office in Abu Dhabi.
• 2008: Appointed new Whole Time Director approved by RBI.
• 2009: Launched online trading product and appointed a new non-executive director.
• 2010: Introduced premium products for individuals with high net worth and appointed a new MD & CEO.
• 2011: Signed deal with Al Ansari Exchange and appointed new director.
• 2012: Opened 1000th branch and launched real-time funds transfer service.
• 2013: Launched online religious offering services and entered tie-up for white-label ATMs.
• 2014: Won awards for innovation and split the face value of shares.
• 2015: Opened branch in Thiruvananthapuram and offered health insurance for new savings accounts.
• 2016: Tied up with Transfast Remittance LLC and Philip Capital to manage PIS.
• 2017: Received awards for RUPAY card issuance and digital technology use.
• 2018: Launched Open Banking Platform and tied up for blockchain technology.
• 2019: Launched a new SB account variant and introduced solutions like SMS-based advance against the deposit.
• 2020: Introduced customer self-service portal, AI-powered virtual assistant, and new insurance buying facility.
• 2021: Launched exclusive savings account for women and family banking service and introduced innovative gold loan scheme and credit cards.
• 2022: Entered bancassurance partnership and launched credit cards with Visa, mobile-first Credit Card, and expanded collaboration for CRM system.
• 2023: Launched exclusive NR savings accounts for NRI women, inaugurated new branches, introduced cheque DD collection kiosk, NCMC wallet Debit Cards, won awards for Bank of the Year and workplace excellence, and introduced Lifetime Free Credit Card offer.

Company Profile – Strengths and weaknesses

Strengths

• For the previous eight quarters, revenue has increased every quarter.
• Increasing Operating Cash Flow and Net Cash Flow
• Profitably employing its capital – RoCE has increased during the past two years
• Over the past two years, annual net profits have improved.

Weaknesses

• Concerning: Excessive Interest Payments
• Lower market penetration in metropolitan areas

The Financials

Shareholding pattern of Federal Bank Share price Today

Here is the shareholding pattern of Federal Bank Limited while keeping in mind the Federal bank share price history:

• Promoters: 0%
• FII: 26.01%
• DII: 43.25%
• Public: 30.74%
• Others: 0%

Peer Comparison In terms of Federal bank share price