Federal Bank has received an approval for acquisition of a significant minority stake of up to 26% of the paid-up equity share capital of Equirus Capital (ECPL) a financial services company. The Board of directors of the Bank at its meeting has approved for the same.
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.