Inauguration of Federal Bank's new Branch at Velachery, near Sub Registrar Office was held today. Shri. Shyam Srinivasan, MD & CEO, Federal Bank inaugurated the new branch. Dr. Marlene Morais, former Principal and Advisor to the Management of Guru Nanak College, Velachery inaugurated ATM cum CDM. Prof. Dr. MB Aswath Narayanan, Chief Civil Surgeon and Head - Public Health Dentistry, TN Govt. Dental College and Hospital Chennai inaugurated safe deposit lockers. Thiru Thenkasi S Jawajar, IAS, Principal Secretary and Commissioner, Department of Treasuries and Accounts, Govt. of Tamilnadu was the Guest of Honor. Shri. Eqbal Manoj, Vice President and Chennai Zonal Head, Federal Bank presided over the meeting. The function was attended by Shri. Rajeev V C, Deputy Vice President and Chennai Regional Head, Federal Bank, Shri. Venkatasivasreenivasarao, Senior Manager and Velachery Branch Head, Federal Bank, other employees of Federal Bank and invited guests of the Bank. The branch has started functioning from the spacious premises at No 20, 3rd Main Road, Rajalakshmi Nagar, Velachery. The branch will offer various deposit, investment and loan products to resident, NRI and business customers.
Shares of FEDERAL BANK LTD. was last trading in BSE at Rs.84.55 as compared to the previous close of Rs. 83.7. The total number of shares traded during the day was 1218188 in over 1471 trades.
The stock hit an intraday high of Rs. 85.5 and intraday low of 83.85. The net turnover during the day was Rs. 103063391.