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Federal Bank gains on launching UPI-enabled RuPay Wave credit card

20 Jun 2024 Evaluate

The Federal Bank is currently trading at Rs. 177.20, up by 2.60 points or 1.49% from its previous closing of Rs. 174.60 on the BSE.

The scrip opened at Rs. 175.30 and has touched a high and low of Rs. 177.90 and Rs. 175.00 respectively. So far 252344 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 177.90 on 19-Jun-2024 and a 52 week low of Rs. 120.90 on 26-Jun-2023.

Last one week high and low of the scrip stood at Rs. 177.90 and Rs. 172.40 respectively. The current market cap of the company is Rs. 43405.75 crore.

The Institutions and Non-Institutions held 73.73% and 26.27% stake in the company respectively.

Federal Bank, in collaboration with National Payments Corporation of India (NPCI), has launched RuPay Wave Credit Card that empowers customers with the convenience of UPI-powered transactions on robust RuPay network. This offering will seamlessly integrate the benefits and features of RuPay credit cards with the experience of UPI payments, ushering in a new era of simplicity and efficiency in digital transactions. 

By leveraging the robust UPI infrastructure developed by NPCI, Federal Bank's cardholders can now link their RuPay Wave credit card to their preferred UPI applications, enabling swift and secure transactions with just a couple of clicks on their mobile devices. This is the simplest and easiest option for users of Credit Card. 

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.

Federal Bank Share Price

296.90 3.20 (1.09%)
20-Apr-2026 11:17 View Price Chart
Peers
Company Name CMP
HDFC Bank 800.00
ICICI Bank 1359.30
Axis Bank 1363.80
Kotak Mahindra Bank 381.60
Indusind Bank 852.30
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