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The Latest Breaking News from Federal Bank

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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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.

The Economic Times

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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:

Dynamite News

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 Hindu

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 Times of India

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

The Hindu

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Asharq Al-Awsat

Officials Release Beirut Gunman after Bank Drops Charges

Lebanon’s state prosecutor on Tuesday released a man who took up to 10 people hostage in a bank at gunpoint while demanding funds from his locked savings account. In a case that has drawn nationwide attention, food delivery driver Bassam al-Sheikh Hussein, 42, fired three warning shots from a shotgun…

The Independent UK

Officials release Beirut gunman after bank drops charges

Lebanon’s state prosecutor has released a man who took up to 10 people hostage in a bank at gunpoint while demanding funds from his locked savings account

Daily Mirror

Furious man armed with shotgun threatens hostages at bank - demanding his own money

The gunman entered the Federal Bank of Lebanon in Beirut and drew his firearm when he was told he couldn't access the $200,000 (£160,000) in his bank account

Asharq Al-Awsat

Lebanese Bank Hostage Situation Ends after Partial Funds Payout

A hostage standoff in which a gunman demanded a Beirut bank let him withdraw his trapped savings so that he could pay his father's medical bills ended seven hours later with the man's surrender Thursday. No injuries were reported. Authorities said Bassam al-Sheikh Hussein, a 42-year-old food-delivery driver, entered the…

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Reuters

Armed man demanding frozen deposits takes hostages at Lebanese commercial bank

An armed man demanding deposits frozen by his bank took an unspecified number of hostages on Thursday at the Federal Bank of Lebanon, a security source said and Lebanese media reported.

The Hindu

Pipeline bursts again at Thakazhi

72nd leak under project in five years

The Times of India

RBI imposes penalties on Federal Bank, Bank of India

MUMBAI: Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 5.72 crore on Federal Bank for deficiencies in regulatory compliance.

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