The Federal Bank arises on the buzz of the introduction of the online lending platform | Kiran of Udaipur | Latest news from Udaipur
The Federal Bank is currently trading at Rs. 98.40, up 1.90 points or 1.97% from its previous close of Rs. 96.50 on BSE.
The certificate opened at Rs. 98.50 and touched a high and a low of Rs. 99.35 and rupees. 97.70 respectively. So far, 1,795,701 shares have been traded over the counter.
BSE Group “A” stock of nominal Rs. 2 touched a 52-week high of Rs. 107.65 on 25-Oct-2021 and a 52-week low of Rs. 69.00 on 28-Jan-2021 .
Last week, the top and bottom of the certificate amounted to Rs. 99.35 and rupees. 88.95 respectively. The current market capitalization of the company is Rs. 20674.10 crores.
The participation of institutions and non-institutions in the company amounted to 66.89% and 33.11% respectively.
The Federal Bank has reportedly introduced an online lending platform, federalinstaloans.com. This is to facilitate quick and hassle-free credit approvals of up to Rs 50 lakh for Micro, Small and Medium Enterprises (MSMEs) across India.
The platform allows borrowers to get loans in less than 30 minutes digitally by uploading their tax returns, bank account statement and checking GST details online.
Federal Bank is a large private sector Indian commercial bank headquartered in Aluva, Kerala with more than thousand branches and ATMs spread across different states of India. It offers retail, corporate, NRI, SME and online banking services to its customers.
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