Stock Report

Federal Bank opens 10 new branches in a single day

Posted On : 2022-06-30 23:12:53( TIMEZONE : IST )

Federal Bank opens 10 new branches in a single day

Federal Bank, today opened 10 new branches at various locations spread across the States of Tamil Nadu, Andhra Pradesh, Telangana and Gujarat. The branches were opened at Sundarapuram, Thiruvannamalai, Saidpet, Senur, Alagusenai, Kalpudhur, Su pallipattu, in Tamil Nadu, Visakhapatnam / Madhurwada in Andhra Pradesh, Sangareddy in Telangana and Mehasana in Gujarat. The Bank intends to open many more new branches in this fiscal year across India.

Speaking on the occasion, Nandakumar V, Head of Branch Banking, Federal Bank said, "Opening of 10 branches today at various locations of TN, AP, Telangana and Gujarat is part of footprint expansion of the Bank for the current year. Further, the Bank is planning to open 15 branches on a single day around 15th August, to commemorate Azadi ka Amrit Mahotsav. Opening of new branches will continue on an ongoing basis in the coming quarters of the financial year."

The total number of branches of the Bank increased to 1291 with the opening of these branches.

Shares of The Federal Bank Limited was last trading in BSE at Rs. 90.25 as compared to the previous close of Rs. 91.85. The total number of shares traded during the day was 226165 in over 1632 trades.

The stock hit an intraday high of Rs. 92.15 and intraday low of 90.00. The net turnover during the day was Rs. 20511874.00.

Source : Equity Bulls


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