Federal Bank has entered into partnership with CredAvenue for the portfolio management of its securitization book. The partnership will help Federal Bank digitally monitor its ABS & MBS pool assets, enabled by CredAvenue’s end-to-end securitization and portfolio buyouts and fulfilment solutions platform, CredPool. The partnership entails CredAvenue providing post-transaction fulfilment services and portfolio management for its Direct Assignment portfolio.
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.