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14-May2018

Federal Bank enters into definitive agreements with Fedfina

Federal Bank has entered into definitive agreements with its wholly owned subsidiary - Fedbank Financial Services (Fedfina) whereby Fedfina will issue fresh equity shares, subject to statutory and regulatory approval, constituting 26% of the post-issue paid up share capital of Fedfina, to a fund managed by True North Enterprise.

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.



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