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Federal Bank stock in focus after management comments during results press conference did not deny a potential deal with Jana Small Finance Bank
By ScoutQuest · · 1 min read
- Jana Small Finance Bank stock move
- 1.2 percent up
Heard on business television between 14:36:03 - 14:39:03 IST.
- Management said it is constantly evaluating inorganic growth opportunities in financial services, including core banking.
- Management did not explicitly deny a Jana Small Finance Bank deal when asked.
- Analysts said the lack of denial was significant and drove speculation.
- Jana Small Finance Bank shares rose nearly 1.2% on the news while Federal Bank shares declined.
- A guest noted Federal Bank's positioning serving low-end customers could make such a deal sensible.
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Source: Live TV News Channel · 16 Oct 2026
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