Key Developments: Federal Bank Ltd (FED.NS)

FED.NS on National Stock Exchange of India

113.35INR
11 Jul 2014
Price Change (% chg)

Rs-5.40 (-4.55%)
Prev Close
Rs118.75
Open
Rs118.60
Day's High
Rs120.15
Day's Low
Rs112.40
Volume
4,068,560
Avg. Vol
5,340,791
52-wk High
Rs135.90
52-wk Low
Rs44.63

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Latest Key Developments (Source: Significant Developments)

Federal Bank Ltd opens office in Dubai
Wednesday, 4 Jun 2014 06:19am EDT 

Federal Bank Ltd:Opens representative office of the Bank in Dubai, UAE.  Full Article

Federal Bank Ltd recommends dividend
Tuesday, 29 Apr 2014 06:38am EDT 

Federal Bank Ltd:Recommends dividend of 100 pct that is two Indian rupees per share on face value of two Indian rupees each for year 2013-14 (previous Year 90 pct that is 1.80 Indian rupees per share).  Full Article

Federal Bank Ltd announces appointment of part time Chairman
Tuesday, 3 Dec 2013 02:31am EST 

Federal Bank Ltd:Says RBI has given its approval on Dec. 2, 2013, to appoint Abraham Koshy as Part Time Chairman of the Bank for a period of two years or till the date of his retirement whichever is earlier.  Full Article

Federal Bank Ltd Announces Chairman Change
Monday, 18 Nov 2013 12:52am EST 

Federal Bank Ltd announced that Shri. Sureshkumar, Director and Part Time Chairman has ceased to be a Director and Part Time Chairman of the Bank, w.e.f. November 15, 2013, in accordance with the Section 10A of the Banking Regulation Act, 1949.  Full Article

Federal Bank Ltd Announces Resignation Of CFO
Wednesday, 22 May 2013 04:31am EDT 

Federal Bank Ltd announced that P C. John, Executive Director and CFO has retired from the services of the bank, with effect from April 30, 2013.  Full Article

Federal Bank Ltd Recommends Dividend
Saturday, 27 Apr 2013 06:27am EDT 

Federal Bank Ltd announced that the Board of Directors at its meeting held on April 27, 2013 have recommended a dividend of 90% that is INR9 per share on face value of INR10 each for the year 2012-2013 (previous year 90% that is INR9 per share).  Full Article

Federal Bank Ltd Announces Notice Of Strike By UFBU On February 20 And February 21, 2013
Tuesday, 19 Feb 2013 06:35am EST 

Federal Bank Ltd announced that in the view of the two days nationwide strike called by various Trade Unions on February 20 and February 21, 2013 raising various demands, where the Employee's Union and Officer's Association of Banks under the banner of UFBU are also participating, regular functioning of the branches of the Bank is likely to be affected on these two days.  Full Article

Federal Bank Ltd Announces Appointment Of Non-Executive Chairman
Monday, 7 Jan 2013 10:58pm EST 

Federal Bank Ltd announced that Shri. Sureshkumar has been appointed as Non-Executive Chairman of the Board of the Bank, for a period of two years or till his retirement, in accordance with the Articles of Association of the Bank and Section 10A of the Banking Regulation Act, 1949.  Full Article

Federal Bank Ltd Announces Management Changes
Tuesday, 25 Sep 2012 04:05am EDT 

Federal Bank Ltd announced that Shri. P C Cyriac, Part time Chairman has been ceased from the Board of the Bank, w.e.f. August 31, 2012, in accordance with the Articles of Association of the Bank and Section 10A of the Banking Regulation Act, 1949.  Full Article

HSBC To Sell Stakes In Karnataka Bank Limited And Federal Bank Limited-Economic Times
Monday, 23 Jul 2012 08:00pm EDT 

The Economic Times reported that HSBC may sell stakes in two Indian lenders, Karnataka Bank Limited and Federal Bank Ltd to free up capital to meet the stringent Basel III norms. HSBC, which owns 4.98% in Federal Bank and 4.46% in Karnataka Bank, is in talks with investors to sell stakes in both the banks, adding that the multinational intends to raise INR425 (INR4.25 billion) to INR450 crore (INR4.5 billion) from the sale.  Full Article

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