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Falling interest rates led to many more savers investing in stocks, real estate and cryptos, leading to price surges across these asset classes
Markets6 days ago
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Federal Bank branch at Gujarat’s Gift
Federal Bank has signed a memorandum of understanding (MoU) with the authorities of GiftCcity.
Kerala-based private banker Federal Bank has joined India’s top lenders by deciding to set up a centre for foreign currency transactions at the country’s first international financial services centre in at Gujarat International Finance Tec-City (Gift) coming up near here.
Federal Bank, which recently received the go-ahead from the Reserve Bank of India for setting up a representative office in Dubai, has signed a memorandum of understanding (MoU) with the authorities of
GiftCcity.
The bank, which has a business of more than Rs1,220 billion, has posted a rise of 1.17 per cent in its net profit
at Rs2.8 billion for the quarter ended March 31, 2015, compared to Rs2.77 billion for the same quarter in the
previous year.
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