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Federal Bank to sell 26% stake in its non-banking arm: Report

17 Apr 2017 Evaluate

Federal Bank is reportedly planning to sell an up to 26% stake in its non-bank finance unit, Fedbank Financial Services, to private equity firms to raise Rs 400-500 crore.

Federal Bank, the private sector bank operates through a branch network of 1,252 branches and 1,524 ATMs spread across the country.

Peers
Company Name CMP
HDFC Bank 692.60
ICICI Bank 1354.00
Axis Bank 1247.00
Kotak Mahindra Bank 438.70
Indusind Bank 865.40
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