“We bought Bharat Forge on the reopening trades. We have also taken some exposure in Devyani International and Westlife along with Indian Hotels. We have added some amount of Lemon Tree because that is on a good turnaround path. On the engineering side, I have taken a bet in railway wagon companies like Texmaco and Titagarh Wagons.”

The property was handed over to the Left government in the state for their flagship "Life Mission" project, which envisages to provide free housing for homeless and landless in the state.

​​​ While Uttar Pradesh and Maharashtra top the chart with liabilities of Rs 6,62,891 crore and Rs 5,36,891 crore respectively, Punjab gets the distinction of being the leader in the debt to Gross State Domestic Product (GSDP) ratio. Punjab, with a liability of Rs 2,49,187 crore, has the worst debt to GSDP ratio at 53:3 in the current fiscal.

" "As the interest rates are linked to Repo rates, the interest rates will change as and when the Repo Rate gets revised by RBI on a T+1 basis," stated the Federal Bank website.

Federal Bank, ICICI Pru Life Insurance, Oberoi Realty among the stocks. With the Sensex and the Nifty reversing losses after the RBI decision, experts say the Nifty’s next stop could be 17,800. Banking and financial services, FMCG, IT, metal and pharma stocks supported the market.

A total of 478,197 shares changed hands on the counter till 12:23PM (IST)

Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 22928.25 Crore).

Our opinion is to wait for a fresh entry. Let the stock correct till Rs 95 odd levels and then we can buy for higher levels of Rs 130-150 in the next 6-8 months. Hence, we recommend waiting for some correction and then buying at lower levels of Rs 95 and more on dips of Rs 85 with a stop loss of Rs 75 on a weekly closing basis on the upside, we can see levels of Rs 130-150 in the next 6-8 months.

Federal Bank has created exceptional interest rates for their NRE fixed deposits, offering up to 80 basis points higher in interest than existing rates in the category.

On the technical charts, the 200-day moving average of the stock stood at Rs 94.14.

Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 22581.17 Crore).

A total of 174,987 shares changed hands on the counter till 11:32AM (IST)

While the BSE Bank index has risen by 5 per cent since the beginning of 2022, as against a decline of nearly 4 per cent in the BSE benchmark Sensex, some key banking stocks like Bank of Baroda have rallied by 30-40 per cent in the same period, as per the stock exchange data.

Against the backdrop of the RBI's repo rate hikes and depreciating rupee, smaller and new private banks are offering higher interest rates on non-resident deposits

The tax-paying citizens in India, NRIs and domestic customers can generate a tax challan and make the payment through their bank branches. To make payments easy and avoid delays at first there is no requirement for PAN/TAN registration or verification for taxpayers, the statement said. Federal Bank country head (wholesale banking) Harsh Dugar said: "These are among a slew of digital initiatives, being invested into by the bank, to delight our clients with ease of transaction and bring agility to our business

The Nifty IT index closed 0.08 per cent up at 27346.15.