India Ratings assigns The Federal Bank's Additional Basel III Tier 2 Bonds 'IND AA'/Stable

India Ratings and Research (Ind-Ra) has assigned 'IND AA/ Stable' Rating in respect of Bank's 'Basel Ill -Tier 2 Bonds' of Rs. 5 Billion (Size of Issue) and have re-affirmed existing ratings ('IND AA/ Stable') in respect of Bank's 'Basel Ill -Tier 2 Bonds' of Rs. 5 Billion (Size of Issue).

Shares of Federal Bank Ltd. was last trading in BSE at Rs. 83.65 as compared to the previous close of Rs. 82.3. The total number of shares traded during the day was 466083 in over 1537 trades.

The stock hit an intraday high of Rs. 84.2 and intraday low of 82.05. The net turnover during the day was Rs. 38751507.

Source : Equity Bulls

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