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Federal Bank to set up wholly owned subsidiary

31 Jul 2018 Evaluate

Federal Bank has received in- principle approval from Reserve Bank of India (RBI) for setting up of a wholly owned subsidiary, for operational activities of the bank.

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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