Jun 09, 2021 08:11 PM IST
Srinivasan is among the few foreign bankers who chose to move to smaller Indian banks after long, successful stints in foreign banks. In the ten years, Srinivasan headed the bank, Federal Bank has changed its image of an old-generation private lender to a digital friendly private bank with national focus.
- May 17, 2021 06:36 PM IST
On a standalone basis, the private sector bank's net profit for the quarter also increased by 58 per cent to Rs 477.81 crore, while the same for the entire fiscal came at Rs 1,590 crore as against 1,542 crore.
- Apr 07, 2021 11:32 AM IST
Network18 Sanjeevani – A Shot Of Life was launched by Shyam Srinivasan, Chief Executive Officer of Federal Bank, and Actor and Campaign Ambassador Sonu Sood at the Attari Border.
- Mar 19, 2021 07:27 AM IST
Federal Bank is keen to acquire a microfinance institution as part of its inorganic growth strategy, said the CEO. But, the bank hasn’t identified any firm yet
- Sep 15, 2018 01:48 PM IST
A margin call is usually triggered due to a shortfall of money or payment default after an investor has borrowed money to buy shares.
- Mar 29, 2017 11:09 AM IST
Finance minister Arun Jaitley told CNBC-TV18 a few days back that there could be some steps announced for non-performing asset (NPA) resolution. In an interview to CNBC-TV18, Shyam Srinivasan, MD & CEO of Federal Bank said banking sector does need support in terms of asset quality resolutions.
- Jan 19, 2017 02:57 PM IST
Speaking to CNBC-TV18 Shyam Srinivasan, Managing Director & Chief Executive Officer, Federal Bank said that the quarter was a good quarter in which they saw 32 percent credit growth on a year on year basis.
- Nov 28, 2016 11:24 AM IST
Going forward there will be good availability of liquidity and digitisation of the banking sector will lead to behavioral and client changes, says Shyam Srinivasan, MD and CEO of Federal Bank.
- May 02, 2016 04:13 PM IST
Federal Bank's major challenge has been its restructured book. But it has come down to Rs 1500 crore in the fourth quarter of FY16 from Rs 2300 crore.
- Feb 22, 2016 09:14 AM IST
"At a time when some of the large and medium-sized banks are going through stress, with their focus more around getting their consolidation and act right, it opens up a remarkable space and opportunities for us," Federal Bank Managing Director and CEO Shyam Srinivasan told PTI.
- Dec 02, 2015 11:41 AM IST
In an interview to CNBC-TV18, Shyam Srinivasan, managing director and chief executive officer, Federal Bank says the bank may not be able to cut rates any further, but says other banks may be able to cut base rates only around the next policy.
- Oct 21, 2015 09:49 AM IST
Much of the slippages during the quarter have come in the corporate and SME loan accounts, says Shyam Srinivasan, MD & CEO of Federal Bank
- Sep 30, 2015 01:15 PM IST
In an interview to CNBC-TV18, Shyam Srinivasan, MD & CEO, Federal Bank says the bank will decide on a cut in base rate shortly, but said the entire 50 basis point cut by the RBI will not be passed on to borrowers.
- Aug 21, 2015 11:40 AM IST
Shyam Srinivasan MD & CEO, Federal Bank very excited about the launch of selfie-account by the bank, which would be a convenient method for banking and urges customers to avail the facility.
- Jul 19, 2015 04:43 PM IST
South-based lender Federal Bank, which reported a 36 percent decline in net profit for the June quarter on provisioning impact from a large borrower, said another Rs 100-crore account is facing stress, which will be dealt with during the September quarter.
- Jun 09, 2015 02:41 PM IST
Shyam Srinivasan, MD and CEO, Federal Bank, is not alarmed on a full-year basis that margins will get impacted as long as the cost of funds keep going down.
- Apr 30, 2015 11:42 AM IST
Federal Bank's net interest margin for FY15 was 3.27 percent, within the guidance range of 3.23-3.30. Shyam Srinivasan, MD & CEO of Federal Bank, says the goal is to improve on this figure.
- Mar 01, 2015 01:33 PM IST
The Finance Minister presented budget with a multi-year view. He has laid the roadmap of what can be expected over the next 4 years and done a fine balancing act between the present fiscal challenges while dealing with high expectations of the government, says Shyam Srinivasan, MD & CEO, Federal Bank.
- Jan 15, 2015 03:45 PM IST
Federal Bank's other income for Q3 jumped by 40 percent to Rs 220 crore against Rs 156.2 crore, Y-o-Y.
- Dec 08, 2014 01:15 PM IST
The commercial private sector lender expects net interest margins in the range of 3.2-3.3 percent for Q3.
- Jan 17, 2014 02:52 PM IST
The bank is hopeful of net interest income (NII) growth of 15-18% in FY15 given the sustained performance on retail and SME and with hopes of growing large corporate credit said Shyam Srinivasan, MD & CEO, Federal Bank.
- Sep 05, 2013 09:42 PM IST
Under this window, banks can swap the dollar deposits raised from non-resident Indians with rupee deposits. And for this hedge, banks will have to pay RBI an interest at just 3.5 percent per annum, against current hedging costs of 7 percent. This will bring the total cost of FCNR deposits down to around 9 percent.
- Sep 05, 2013 12:39 PM IST
Speaking to CNBC-TV18, Shyam Srinivasan, managing director and chief executive officer, Federal Bank says the popularity of FCNR‘s will now go up, providing the bank an opportunity to raise more dollars.
- Jan 17, 2013 08:09 PM IST
South based Federal Bank on Thursday reported a muted growth in its third quarter (October-December) net profit that has risen only by 4% year-on-year to Rs 211 crore. The lender took a one-time hit on a corporate account, which borrowed around Rs 1400 crore from a consortium of banks. This dented its profit margin.
- May 11, 2012 02:20 PM IST
Private sector lender Federal Bank on Friday reported a jump of 38% year-on-year in its fourth quarter (Jan-March, FY12) net profit, aided by higher interest income and lower provisioning. Net interest income or the difference between interest earned and paid out, rose nearly 10% to Rs 491 crore.