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Federal Bank gets nod for Rs 148 crore capital investment into subsidiary

18 May 2021 Evaluate

Federal Bank’s board has cleared Rs 148 crore-capital investment into subsidiary Fedbank Financial Services (FFSL) through a rights issue. FFSL is a non-deposit-taking systemically important NBFC, which was set up in 1995 by 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 683.55
ICICI Bank 1393.25
Axis Bank 1223.80
Kotak Mahindra Bank 460.80
Indusind Bank 852.90
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