MoneyWorks4Me

Federal Bank eyeing strategic investment in microfinance enterprise: Report

16 Nov 2017 Evaluate

Federal Bank is reportedly looking to make strategic investment in a microfinance enterprise. It is also evaluating opportunities in the asset management business. The bank is also in the process of divesting a 26 percent stake in its wholly-owned NBFC arm, Fedfina, to a strategic investor.

Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. It offers personal, corporate, NRI, SME banking, online banking services to its customers.

 

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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