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YOU WONT BELIEVE: Federal bank - What They Never Told You

IIFL Finance dismisses reports on Fairfax planning company exit to fund IDBI Bank deal

IIFL Finance denied reports of Fairfax exiting the company. These reports suggested a stake sale to fund an IDBI Bank acquisition. Blackstone is reportedly in talks with Fairfax for this stake. This potential deal comes as India's financial sector attracts acquisitions. Blackstone previously invested in Federal Bank last year.

The Economic Times

ARCIL IPO: Goldman Sachs, BofA among investors in Rs 220 crore anchor round

Asset Reconstruction Company India has raised Rs 220 crore from anchor investors ahead of its IPO, which opens on September 9. The company allotted 1.58 crore shares to 21 investors at Rs 139 each. Goldman Sachs, BofA Securities, mutual funds, insurers and foreign investors participated in the anchor allocation.

The Economic Times

Up to 290% gains! SBI, Federal Bank make massive windfall as Arcil’s Rs 733-crore IPO hits D-Street

SBI and Federal Bank have gained 281% and 292%, respectively, on Arcil investments as the asset reconstruction company launches its Rs 733-crore IPO. The entirely OFS issue opens September 9, with Arcil reporting stronger FY26 profit and revenue growth overall.

The Economic Times

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Stocks in news: Reliance Industries, Bank of Baroda, Power Grid, NATCO Pharma and JSW Infra

Indian equity markets closed largely unchanged on Friday, August 21, after a volatile trading session. Several companies, including Reliance Industries and Bank of Baroda, reported significant corporate developments. Power Grid Corporation and Jubilant Pharmova also announced key project wins and regulatory approvals. NATCO Pharma and Caplin Point Laboratories received observations…

The Economic Times

Goldman Sachs starts coverage on 14 banks with up to 37% upside potential; ICICI Bank, Kotak among top picks

Goldman Sachs has initiated coverage on 14 Indian banks with a mix of Buy, Neutral and Sell ratings, focusing on earnings growth, franchise strength, valuations and the normalisation of return on assets (ROA) as key stock drivers. The brokerage sees private banks at an inflection point.

The Economic Times

Home loan interest rates start at 7%: Check banks offering lowest interest rates on Rs 30 lakh–Rs 75 lakh loans

Home loan interest rates vary based on credit score and other borrower factors. A good credit score is essential for securing a low home loan interest rate. Borrowers should compare banks to find the best home loan interest rates.

The Economic Times

Four Indian private banks eye dollar debt before RBI swap window deadline, bankers say

Four Indian private lenders are accelerating dollar bond plans before August 31. They aim to raise $1.85 billion, taking advantage of a central bank swap facility. Kotak Mahindra Bank leads this effort, setting final price guidance for its issuance. Other banks like YES Bank, IDFC First Bank, and Federal Bank…

The Economic Times

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Man loses Rs 9,800 after scratching a fake UPI cashback card; consumer commission orders Federal Bank to pay 17,800; know why

A man lost Rs 9,854 after falling for a fake UPI cashback scratch card scam. Federal Bank initially refunded the amount as required under RBI guidelines, then quietly reversed the credit weeks later, blaming the customer. A Kerala consumer commission has now ordered the bank to restore the full amount…

The Economic Times

FIIs build a new Banking XI without the usual heavyweights. Will the big banks return?

Foreign investors reduced stakes in large banks during the June quarter. They simultaneously increased holdings in several mid-sized and smaller private lenders. This shift reflects a preference for banks with specific growth triggers and fundamentals. Large banks still offer strong franchises and reasonable valuations for investors. The rotation depends on…

The Economic Times

Farmer denied Central govt subsidy on dairy loan: Federal Bank ordered to pay Rs 1.7 lakh; court says bank failed to give NABARD the claim details for nearly seven years

Farmer denied Central govt subsidy: A Kerala consumer commission has ordered Federal Bank to pay Rs 1.76 lakh to a dairy farmer from Kannur after ruling that the bank's failure to properly file his NABARD subsidy claim on time cost him a benefit he was fully entitled to. The court…

The Economic Times

Ahead of Market: 10 things that will decide D-Street action on Monday

The Sensex surged over 960 points and the Nifty climbed more than 1% on Friday, driven by strong Q1 earnings optimism and buying in IT and banking stocks. Analysts said domestic institutional investors are rotating into attractively valued large-cap stocks, while selective profit booking in mid- and small-caps continues. Consumer…

The Economic Times

FCNR deposit rates up to 6.5%: Bank of Baroda, Indian Overseas Bank and others launch schemes for NRIs, OCIs

Following RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have launched FCNR(B) schemes with attractive US dollar deposit rates. These schemes, effective from June 2026, offer interest rates up to 6.50% p.a. for tenures of 3 to 5 years,…

The Economic Times

Nifty needs to close above 23,400 to trigger short covering; Federal Bank top pick: Dharmesh Shah

Indian equity markets are in a corrective phase. Technical analyst Dharmesh Shah identifies a potential turning point. He highlights critical resistance for Nifty at 23,350 to 23,400. A breakout above this level could lead to a rally towards 23,800. Bank Nifty shows strength with a target of 56,500. Federal Bank…

The Economic Times

India banks could raise $35-$40 billion via RBI's foreign currency deposit scheme, PNB CEO Ashok Chandra says

Indian banks anticipate raising up to $40 billion through foreign currency deposits. The Reserve Bank of India is backing a new scheme to attract dollar inflows. This initiative aims to strengthen the rupee. Banks will offer attractive interest rates to overseas customers. Punjab National Bank plans to raise $3 billion…

The Economic Times

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The Economic Times

Nifty faces key resistance near 23,450 as markets await policy outcome, says Ajit Nayak

Indian stock markets experienced a mixed trading session as investors awaited the upcoming monetary policy. The Nifty is facing resistance near 23,450. Federal Bank shows promise above 301. The auto sector is gaining momentum with opportunities in Mahindra & Mahindra, Bajaj Auto, and Jamna Auto. Investors are watching macro events…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Monday

Indian equity markets ended sharply lower on May 29 amid broad-based selling, MSCI-driven flows and rising volatility. Technical indicators suggest a bearish bias with key support zones in focus. Global cues, monsoon outlook and market breadth will be critical in shaping investor sentiment and near-term market direction.

The Economic Times

Neobank Fi Money’s cofounder Sumit Gwalani steps down after six years

Fi Money cofounder Sumit Gwalani has exited the startup. This follows the shutdown of Fi Money's banking service in March. The company is shifting focus to AI and enterprise technology. Other cofounder Sujith Narayanan had previously announced business restructuring. This move impacts consumer-facing products and roles. The neobanking sector faces…

The Economic Times

Zero forex to complementary lounge access: 5 popular travel credit cards worth checking out

Frequent travelers can enhance their journeys with the right credit cards. Cards like Federal Bank Scapia and Ixigo AU offer lounge access and rewards. Some provide zero forex markup on international spending. These cards aim to reduce expenses and improve travel experiences for regular flyers. Explore options for better travel.

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Dynamite News

Delhi police held two for defrauding woman of Rs 18 lakh through cyber fraud

Delhi Police have arrested two individuals for allegedly committing cyber fraud. Read further on Dynamite News:

The Hindu

Sahaja sets up a meeting with Riya

Sahaja Yamalapalli wins first round at Federal Bank $25,000 ITF women’s tennis tournament in Gurugram.

The Hindu

Food and Civil Supplies Minister denies PRS loan dues affected farmer’s CIBIL score

G.R. Anil, Food & Civil Supplies Minister, expressed shock at farmer's death, but denied PRS loan delay impacted CIBIL score. Payment for 2021-22 paddy procured from K.G. Prasad was made, and PRS loan from Federal Bank was repaid. 4,896 kg of paddy was procured in 2022-23, and ₹1,38,655 was sanctioned…

The Hindu

Loans for farmers not diverted for any other purpose, says Minister in Kerala Legislative Assembly

The Times of India

Banks hike MCLRs, repo-linked lending rates post RBI rate action

NEW DELHI: Joining peer lenders, SBI, Kotak Mahindra Bank and Federal Bank are the latest in the list to revise their marginal cost of funds based lending rates (MCLRs) in addition to hikes in repo-linked rates from early October.

The Hindu

Supplyco signs deal for speedy disbursal of paddy procurement price

KOCHI

The Hindu

‘₹36.17 crore spent in 6 years for repairing damaged pipelines in Alappuzha’

RTI document puts the number of leaks between May 2016 and June 2022 at 49

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