Federal Bank: Federal Bank tanks as hopes of Kotak top exec joining fade
Mumbai: Shares of Federal Bank fell 5.3% on Tuesday as the elevation of KVS Manian at Kotak Mahindra Bank dashed expectations of the senior banker joining the Kerala-based lender. The stock had risen recently on reports that Manian is one of the top candidates for Federal Bank’s next chief. “We believe any stock run-up attributed … Read more