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Foreign remittances to Kerala stay resilient despite West Asia crisis
Money from non-resident Indians to Kerala remains strong. Banks like Federal Bank and South Indian Bank show growth in deposits. This inflow is vital for Kerala's economy. A weaker rupee also boosts remittances. Experts believe inflows will continue unless job losses in the Middle East occur. A prolonged conflict could pose a long-term risk.
Kotak Mahindra To Acquire 9.99% Stake In Federal, J&K Banks
Kotak Mahindra Bank has also received approval from the Reserve Bank of India to acquire up to 9.99% stake in City Union Bank.
RBI clears Kotak Bank to raise stake up to 9.99% in AU Small Finance, Federal Bank
The Reserve Bank of India has approved Kotak Mahindra Bank's increased stake in AU Small Finance Bank and Federal Bank. Kotak can now hold almost 9.99 percent in both lenders. This move allows Kotak to build significant minority stakes. The approvals were confirmed through regulatory filings. Markets showed a mild reaction to the development.
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 eyes long-term value creation from SCB Card portfolio acquisition
Federal Bank is acquiring Standard Chartered's credit card portfolio, gaining a high-quality, younger customer base with strong credit scores. The deal presents significant cross-selling opportunities for Federal Bank to expand its product offerings. However, customer attrition and geographic reach are potential challenges that the bank aims to mitigate.
Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio
Federal Bank is set to acquire a significant credit card portfolio from Standard Chartered Bank. This deal involves approximately 450,000 cards. The acquisition will boost Federal Bank's existing credit card base. It will also strengthen its presence in major Indian cities. The transaction is expected to conclude by the end of 2026.
Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio
Federal Bank is set to acquire a significant credit card portfolio from Standard Chartered Bank. This deal involves approximately 450,000 cards. The acquisition will boost Federal Bank's existing credit card base. It will also strengthen its presence in major Indian cities. The transaction is expected to conclude by the end of 2026.
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.
Federal Bank Q4 Results: One-offs contribute to profit growth; Provisions double, Asset quality better
Federal Bank's fresh slippages for the quarter stood at ₹474 crore, compared to ₹435 crore during the December quarter.
US Fed Meeting 2026 LIVE: US stocks fall ahead of what could be Powell's last speech as Fed chair; here's what to expect
US Fed Meeting 2026 LIVE: The US Federal Reserve's two-day meeting, which began on 28 April, is set to conclude today. Jerome Powell will announce the central bank's rate decision at 11.30 am IST in what will likely be his last policy as Fed chief.
Federal Bank consolidated net profit rises 22.92% in the March 2026 quarter
Total Operating Income rise 11.80% to Rs 7946.61 crore