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Fedbank Financial Services

fedfina.com

Founded Year

2010

Stage

IPO | IPO

Date of IPO

11/30/2023

Market Cap

0.61B

Stock Price

1.56

About Fedbank Financial Services

Fedbank Financial Services is a retail-focused non-banking finance company. It specializes in catering to the MSMEs and the emerging self-employed individuals (ESEIs) sector offering products targeted to match its customers' needs, which include mortgage loans such as housing loans; small ticket loans against property (LAP); and medium ticket LAP, unsecured business loans, and gold loans. It was founded in 2010 and is based in Mumbai, India.

Headquarters Location

Andheri Kurla Road, Unit No. 511 A Wing, Kanakia Wall Street, 5th Floor

Mumbai, 400093,

India

7418128882

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Expert Collections containing Fedbank Financial Services

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Fedbank Financial Services is included in 1 Expert Collection, including Fintech.

F

Fintech

12,502 items

Excludes US-based companies

Latest Fedbank Financial Services News

Federal Bank Q3 Results Review - Earnings Beat On Benign Asset Quality Metrics: Systematix

Jan 17, 2024

Federal bank reported Q3 FY24 earnings, of Rs 10.1 billion, which were above estimates aided by treasury gains - including sale proceeds from the Fedfina Initial public offering listing. 17 Jan 2024, 01:30 PM IST 17 Jan 2024, 01:30 PM IST WhatsApp Federal Bank Ltd. Grama Jeevan Branch, Paloor (Source: Company) NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. Systematix Report Federal Bank Ltd. reported Q3 FY24 earnings, of Rs 10.1 billion, which were above estimates aided by treasury gains - including sale proceeds from the Fedfina Initial public offering listing. Gross advances growth of 6% QoQ (3% QoQ adjusted for interbank participatory certificates sale) was driven by large corporate loans with retail and small and medium enterprise loans contributing in equal measure. Computed net interest margin declined 4 basis points with cost of funds increasing 18 bps QoQ whilst corresponding yield on advances increased 8 bps QoQ. Operating expenses remained elevated with core cost to income ratio increasing 2% QoQ. Gross slippage run rate reverted to the usual 1% mark whilst net non-performing assets ratios remained stable at 64 bps with credit costs increasing to 31 bps (Q2 FY24: 13 bps). Overall, Federal Bank reported return on assets of 1.38% and return on equity of 14.8%. Click on the attachment to read the full report: Systematix Federal Bank Q3FY24 Results Review.pdf View Document

Fedbank Financial Services Frequently Asked Questions (FAQ)

  • When was Fedbank Financial Services founded?

    Fedbank Financial Services was founded in 2010.

  • Where is Fedbank Financial Services's headquarters?

    Fedbank Financial Services's headquarters is located at Andheri Kurla Road, Unit No. 511, Mumbai.

  • What is Fedbank Financial Services's latest funding round?

    Fedbank Financial Services's latest funding round is IPO.

  • Who are the investors of Fedbank Financial Services?

    Investors of Fedbank Financial Services include True North.

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