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.