MoneyWorks4Me

Federal Bank advances on unveiling ‘Noor Personal Account’

06 Dec 2017 Evaluate

Federal Bank is currently trading at Rs. 108.50, up by 0.45 points or 0.42% from its previous closing of Rs. 108.05 on the BSE.

The scrip opened at Rs. 108.20 and has touched a high and low of Rs. 109.45 and Rs. 108.00 respectively. So far 64,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 127.75 on 17-Oct-2017 and a 52 week low of Rs. 61.85 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 112.70 and Rs. 105.25 respectively. The current market cap of the company is Rs. 21,348.00 crore.

The Institutions and Non-Institutions held 71.61% and 28.39% respectively in the bank.

Federal Bank has launched ‘Noor Personal Account’ - a non-interest bearing personal account for resident individuals. The holders of this account are eligible for Platinum Rupay card with daily transaction limit of Rs 2 lakh and access to lounges at select airports two times a quarter.

Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. It offers personal, corporate, NRI, SME banking, online banking services to its customers.


Peers
Company Name CMP
HDFC Bank 692.60
ICICI Bank 1354.00
Axis Bank 1247.00
Kotak Mahindra Bank 438.70
Indusind Bank 865.40
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