MoneyWorks4Me

Federal Bank inks strategic partnership with Hedge Equities: Report

15 Jan 2018 Evaluate

Federal Bank has reportedly entered into a strategic partnership with Hedge Equities for providing Portfolio Investment Scheme (PIS) services to NRIs. The Bank is authorised by the Reserve Bank of India (RBI) to issue permission letter to NRIs on behalf of the RBI to transact in secondary market.

Currently, the Bank has PIS arrangement with eight partners and through these tie-ups, the bank facilitates NRI clients to invest in shares of Indian companies, in secondary market for purchase/sale of shares or convertible debentures on repatriable and non repatriable basis.

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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