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Federal Bank, ECPL enter into definitive agreement

13 Jun 2018 Evaluate

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.

Peers
Company Name CMP
HDFC Bank 683.55
ICICI Bank 1393.25
Axis Bank 1223.80
Kotak Mahindra Bank 460.80
Indusind Bank 852.90
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