Shares of Federal Bank are in focus as the board of the lender would consider raising of funds today. The fundraising comes at a time when the banking stock is trdaing at its record high.

Federal Bank shares climbed to a record high of Rs 231.20 on Thursday against the previous close of Rs 227.35. The banking stock slipped to a 52-week low of Rs 172.95 on March 3, 2025. Rekha Rakesh Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, held 5.90 crore shares or 2.42 per cent stake in the private lender at the end of September 2025 quarter. Advertisement

"We wish to inform you that a meeting of the Board of Directors of The Federal Bank Limited (the “Bank”) is scheduled to be held on October 24, 2025, inter-alia, to consider and evaluate and if thought fit, to approve the proposal for

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