2017-05-23 :Federal Bank launches new trading platform
Federal Bank has announced to launch a new trading platform, “selfie” for its customers in association with Geojit, a retail financial services company. The newly launched trading platform will enable its users to trade directly from the advanced charting platform and have control over their investments. Currently, the trading platform is available only to the android and IOS users.
2017-04-18 :Federal Bank’s IFSC business crossed $200 million
Federal Bank, one of the India’s leading private banks has said it has crossed the $200-million mark in total business at its IFSC Banking Unit (IBU) in GIFT (Gujarat International Finance Tec) City. The bank’s IFSC unit offers various financial services such as funded and non-funded facilities to overseas operations, extending loans to overseas business ventures of NRIs and trade finance solutions to the Indian clients.
2017-04-13 :IFC to provide $100 million loan to Federal Bank
The World Bank’s private-sector investment arm, International Finance Corporation plans to provide a loan of $100 million to Federal Bank Ltd. This will be used to fund its branch at the International Financial Services Centre in Gift City, Gujarat. In a disclosure, IFC said that this funding support will help the bank’s clients in growing the business and the initiative of the GIFT City for creating 500,000 jobs by 2020.
2017-03-03 :Federal Bank adds new features to its mobile banking application
Kerala based Federal Bank has upgraded its mobile banking application with new features. Customers can now open term deposits, recurring deposits and tax saving deposits via mobile baking application. The update also includes the facility such as hotel and bus booking and digital payments for various utilities including insurance, mutual funds, donations etc. The updated features can be used by both resident and NRI customers of the bank.
2016-09-06 :Federal Bank launches Digital Personal Loans
Federal Bank has launched Digital Personal Loans for its customers to avail personal loans instantly with minimal paper work. Now customer can get personal loans in a minute by just logging into its website. The loan money will be credited to the account of the customer after the approval of the offer by the borrower. This is the third digital retail loan scheme offered by the bank after car loan and loan against term deposit.
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