Federal Bank and Equirus Capital (ECPL) have entered into definitive agreements for investment by the Bank upto 19.89% in the equity share capital of ECPL. The Bank has got approval from Reserve Bank of India for investing upto 19.90% in the equity capital of ECPL.
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.