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07-Sep2016

Federal Bank trades jubilantly on the bourses

Federal Bank is currently trading at Rs. 74.80, up by 3.05 points or 4.25% from its previous closing of Rs. 71.75 on the BSE.

The scrip opened at Rs. 71.80 and has touched a high and low of Rs. 76.15 and Rs. 71.80 respectively. So far 723582 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 76.15 on 07-Sep-2016 and a 52 week low of Rs. 41.35 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 76.15 and Rs. 67.95 respectively. The current market cap of the company is Rs. 13053.78 crore.

The institutions and non-institutions held 43.98% and 56.02% stake in the company, respectively.

Federal Bank has launched Digital Personal Loans which will facilitate customers to avail personal loans immediately without going through the hassles of paper work. This facility neither requires the customer to visit the branch nor does he have to put his manual signature on any document. The facility can be accessed round the clock.

Digital personal loans comes as third in the series of BYOM (Be Your Own Master) digital retail loans the bank has rolled out, previous offerings being digital car loans and loan against term deposit.


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