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Federal Bank Ltd. (India) ( (IN:FEDERALBNK) ) has issued an announcement.
Federal Bank Ltd. has announced that it received a significant penalty of Rs. 10,46,59,172 from the Office of the Principal Commissioner, Central Board of Indirect Taxes and Customs, Kochi, under the provisions of the IGST Act, 2017. The bank plans to appeal against this order, which may have implications for its financial operations and compliance practices.
More about Federal Bank Ltd. (India)
Federal Bank Ltd. operates in the financial services industry, offering a range of banking products and services throughout India. The bank is known for its focus on retail and corporate banking, including various deposit accounts, loan services, and financial advisory services.
YTD Price Performance: -6.34%
Average Trading Volume: 369,226
Current Market Cap: 458.8B INR
See more insights into FEDERALBNK stock on TipRanks’ Stock Analysis page.