In all cases, the central bank said penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into by the entities with their customers.
Federal Bank on Saturday said it has provided 400-odd part-time jobs with a monthly salary of Rs 18,000 at its branches in Kerala so far.
Federal Bank on Saturday said it has committed to investing Rs 300 crore in beleaguered Yes Bank for subscription of its 30 crore shares. "The Bank has issued an Equity commitment Letter to invest Rs 300 crore in YES Bank Ltd for subscription of 30 crore equity shares of Yes Bank at a price of Rs 10 per Equity share," a regulatory filing said.
Mastercard has entered into a partnership with Federal Bank to offer identity check to the bank's cardholders, it said in an announcement.
The tech giant added that it was working with the banks to provide instant loans to Google Pay users.
Federal Bank has signed a strategic partnership with Reliance Jio Money for one-click payment service. Reliance Jio Money is a wallet application which will soon be launched for mobile devices where Federal Bank will allow
Mumbai: Private sector lender Federal Bank today launched a premium savings account which has overdraft facility for high-end salary earners.‘Fedclassic Premium' offers overdraft facility for up to a maximum of Rs one lakh at base
Mumbai: Public sector lender IDBI Bank is hopeful of recovering up to 80 per cent of its Rs 800 crore exposure to Kingfisher, even as the revival of the grounded airline remains uncertain.“We are quite
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