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Federal Bank gains after S&P assigns first international investment-grade issuer rating
Federal Bank rose 1.11% to Rs 331.40 after the private sector lender announced that S&P Global Ratings has assigned it its first international investment-grade issuer credit rating.
INR settles lower amid risk-averse investor sentiment
The Indian rupee depreciated by 14 paise to close at 94.65 (provisional) against the US dollar on Tuesday, as a strengthening greenback overseas and risk-averse investor sentiment weighed on the local unit. The dollar index shifted back above 101 mark on Tuesday after a slight pull back below the levels in the previous session. Elevated expectation for a Federal interest rate hike is seen lending consistent support to the greenback. Markets are staying cautious around 101 mark surrounding the United States (US) Nonfarm Payrolls (NFP) data for June, which will be released on Thursday. Markets will also look forward to resumption of US-Iran peace talks in Doha that could help ease inflation concerns. The rupee briefly slipped to 95.55 against the US dollar as per CCIL data, driven by month-end corporate import demand and lingering risk-off sentiment. However, relatively stable global crude prices and anticipated central bank interventions supported the currency and restricted the ...
Axis Bank, ICICI Bank, SBI, Federal Bank Among Anand Rathi's Top BFSI Bets — Check List
The PSBs continued to gain market share in retail segment outgrowing ICICI Bank, HDFC Bank and Axis Bank for the seventh consecutive quarter.
Federal Bank, Indian Bank, MCX & Nalco in MSCI Global
Global index provider MSCI has announced significant changes to its indices. Federal Bank, Indian Bank, Multi Commodity Exchange of India, and National Aluminium Company are set to join the Global Standard Index. This move is anticipated to bring substantial investment into these stocks. Adani Energy Solutions will not be added due to surveillance measures.
MSCI Rejig: Adani Energy, MCX, Federal Bank enter Global Standard Index; RVNL, Hyundai Motor, Kalyan Jewellers removed
MSCI has excluded Hyundai Motor India, Jubilant FoodWorks, Kalyan Jewellers and Rail Vikas Nigam Ltd (RVNL) from the index.
RBI clears Kotak Mahindra Bank to buy up to 9.99% in Federal Bank
The Reserve Bank of India has approved Kotak Mahindra Bank to acquire up to 9.99% of Federal Bank's share capital. This move positions Kotak Mahindra Bank as a potentially significant institutional shareholder in the Kerala-based lender. Investors will now monitor future disclosures to track the progress of this strategic stake acquisition.
Federal Bank to acquire select retail credit card portfolio from Standard Chartered
Federal Bank approves acquisition of select Standard Chartered Bank India retail credit cards.
Federal Bank to buy select retail credit card portfolio of Standard Chartered
Federal Bank will acquire around 450,000 credit cards from Standard Chartered. The deal values the portfolio at 1.5-1.6 times implied equity as estimated by Federal Bank.
US Stock Market | Wall Street pushes Fed rate cut expectations to September amid oil shock
Global investment bank Morgan Stanley now expects the US Federal Reserve to start cutting interest rates in September. This is a shift from its earlier June projection. Rising oil prices due to Middle East tensions are a key reason. Other major banks like Goldman Sachs and Barclays have also revised their forecasts.
Too early to see shift from equities to FDs: Federal Bank CEO KVS Manian
Speaking to CNBC-TV18 on the sidelines of the 21st India Business Leader Awards, KVS Manian, MD and CEO of Federal Bank, said it is too early to see investors moving money from equities back to fixed deposits. A Balasubramanian, MD and CEO of Aditya Birla Sun Life AMC, added that mutual fund investors continue to see healthy three- and five-year returns, helping keep inflows steady despite recent market volatility.
US dollar continues to dominate global foreign exchange transactions
The US dollar is crucial for Americans and global markets alike, and its international standing affects investments, borrowing costs and everyday prices, noted a latest blog post from the St. Louis Federal Reserve. The US dollar (USD) is the most widely used, employed in 89% of foreign exchange transactions in 2025, according to data in the Bank for International Settlements (BIS) Triennial Central Bank Survey.
Momentum Stocks: A B Infrabuild, Art Nirman, Chamunda Electricals rise up to 12% on sheer momentum
Emcure Pharmaceuticals, Belrise Industries, Minda Corporation, Pidilite Industries, Adani Enterprises, Aditya Birla Capital, Syrma SGS Technology, Federal Bank, AU Small Finance Bank, Navin Fluorine International and ACME Solar Holdings, hit new one-year highs