Who are the promoters of Fedbank Financial Services?
The promoter of Fedbank Financial Services Ltd is The Federal Bank Limited. The Federal Bank Limited owns 61.65 per cent of the total equity. The chairman of the company is Balakrishnan Krishnamurthy , and the managing director is Anil Kothuri..
The promotor/promotors of Fedbank Financial Services Ltd are K Balakrishnan, GAURI RUSHABH SHAH, ANIL KOTHURI, Shyam Srinivasan, MANINDER SINGH JUNEJA, Ashutosh Khajuria, P R Seshadri.
What is the promoter shareholding in Fedbank Financial Services? The promoter holding was 61.65% at the end of 31 Dec 2023. What is the Mutual Fund shareholding in Fedbank Financial Services? The Mutual Fund Shareholding was 7.45% at the end of 31 Dec 2023.
Fedbank Financial Services Ltd (FFS) was incorporated on 17th April 1995 and a subsidiary of The Federal Bank Ltd. The Company was registered as a Non banking Financial Company(NBFC) on 24th August 2010.
Anil Kothuri's role at Fedbank Financial Services Ltd - Fedfina is MD & CEO.
Federal Reserve Banks' stock is owned by banks, never by individuals. Federal law requires national banks to be members of the Federal Reserve System and to own a specified amount of the stock of the Reserve Bank in the Federal Reserve district where they are located.
The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.
The total IPO size is ₹1,092.26 cr. The share allotment date is 28th November, and the IPO will be listed on 30th of November on the stock exchanges. The price band is ₹133 to ₹140 per share and the lot size is 107 shares.
- Total Income. ₹408.63 Cr. (34.01%)
- Operating Profit. ₹242.73 Cr. (36.79%)
- Profit After Tax. ₹65.41 Cr. (27.83%)
- Operating Margin. 59.40% (2.07%)
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| PFIZER, INC. 22.33 % | 2,062,236,079 | 22.33 % |
| GSK PLC 4.173 % | 385,320,110 | 4.173 % |
| MFS International (UK) Ltd. 1.342 % | 123,903,066 | 1.342 % |
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Is Fedbank related to federal bank?
About Fedbank Financial Services
We are a fully owned subsidiary of The Federal Bank Ltd., a leading Commercial Bank in India, with our registered office in Aluva, Kerala and Corporate Office in Andheri, Mumbai.
Registered Address :
Fedbank Financial Services Ltd. Kanakia Wall Street, A Wing, 5th Floor, Unit no. 511, Andheri Kurla Road, Andheri ( East), Mumbai- 400 093, Maharashtra, India.
The company was incorporated as 'Fedbank Financial Services Limited' on April 17, 1995 in Kochi, the company is registered with the RBI to carry on the business of a non-banking financial institution without accepting public deposits. The company was promoted by The Federal Bank Ltd.
a bank that is owned by the government of a particular country, especially a central bank (= bank used by the government to control the amount of money in the economy, control interest rates, etc.): The main objection to selling the federal banks is that they are vital for financing the government's social programmes.
So is the Fed private or public? The answer is both. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends.
The Reserve Bank has shareholders from South Africa and many other parts of the world, including Germany, France, the United States, the United Kingdom, and Norway. 110 individuals and entities own the maximum of 10,000 shares, owning over half of the SARB's issued shares.
The Board of Governors, an agency of the federal government that reports to and is directly accountable to Congress, provides general guidance for the System and oversees the 12 Reserve Banks.
KOTAK MAHINDRA FEDERAL BANK MERGER.
The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy, financial or membership issues.
Fedbank Financial Services IPO Capital Market Rating
The Captial Market (CapitalMarket.com) rating for Fedbank Financial Services IPO is 44. Their analysis recommends Avoid, however active risk seekers can try for the IPO.
Is Federal Bank a good share to buy?
There are 15 analysts who have given it a strong buy rating & 8 analysts have given it a buy rating.
| Anchor Investors | No. of Shares | Value Allocated |
|---|---|---|
| BCAD Fund | 7,23,641 | ₹ 10.13 |
| Integrated Core Strategies Asia | 7,23,641 | ₹ 10.13 |
| Segantii India Mauritius | 4,71,547 | ₹ 6.60 |
| Goldman Sachs Singapore ODI | 4,71,547 | ₹ 6.60 |
What is the NSE Federal Bank Share Price Target 2030? Federal Bank Share Price Target 2030 is predicted to remain between Rs 329 and Rs 237. What is the NSE Federal Bank Share Price Target 2024? Federal Bank Share Price Target 2024 is between Rs 173 and Rs 136.
| IPO Date | November 22, 2023 to November 24, 2023 |
|---|---|
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 107 Shares |
| Total Issue Size | 78,073,810 shares (aggregating up to ₹1,092.26 Cr) |
| Fresh Issue | 42,912,087 shares (aggregating up to ₹600.77 Cr) |
| Fiscal Period | Sep 23 | Jun 23 |
|---|---|---|
| Net Income Before Taxes | 1,342.71 | 1,202.44 |
| Net Income | 994.10 | 880.12 |
| Diluted Normalized EPS | 4.29 | 4.16 |
