Federal Bank has received its board’s approval for raising funds by way of issuance of debt securities including but not limited to nonconvertible debentures, Tier II bonds, Long Term Bonds (lnfrastructure & Affordable Housing), Masala Bonds, Green bonds upto Rs 4,000 crore on private placement basis. The board of directors at their meeting held on June 7, 2017, approved for the same.
Federal Bank, the private sector bank operates through a branch network of 1,252 branches and 1,524 ATMs spread across the country.
