MoneyWorks4Me

Federal Bank gets approval to raise up to Rs 700 crore

12 Jan 2022 Evaluate

Federal Bank has received approval from its board of directors to raise up to Rs 700 crore by issuing bonds on a private placement basis. The bonds will be allotted to certain eligible investors permitted to invest in NCDs under the applicable laws.

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
View more..