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fedfina.com

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Founded Year

2010

Stage

Private Equity | Alive

About Fedbank Financial Services

Fedbank Financial Services (Fedfina), a subsidiary of the Federal Bank, started off as a distribution arm of its parent bank where it distributed the banks home loan and auto loan products across top metro locations through its 10 plus retail outlets. Today, Fedfina has 100 plus gold loan branches across Tamil Nadu, Karnataka and Andhra Pradesh. Having tested success with the gold loan business, it has quickly diversified into other products like mortgage loans and corporate finance (construction funding).

Fedbank Financial Services Headquarter Location

Federal Towers Aluva , Ernakulam

Kerala, 683101,

India

0484-2634411

Latest Fedbank Financial Services News

Federal Bank gets RBI nod to sell 45% stake in NBFC arm to True North

Oct 8, 2018

Last Updated : Oct 08, 2018 04:11 PM IST | Source: PTI Federal Bank gets RBI nod to sell 45% stake in NBFC arm to True North Earlier in May, the board of the private sector bank had approved 26 per cent strategic investment by True North in Fedbank Financial Services Ltd (Fedfina). × Federal Bank on Monday said the Reserve Bank has approved proposal to sell up to 45 per cent stake in NBFC arm Fedfina to private equity firm True North. Earlier in May, the board of the private sector bank had approved 26 per cent strategic investment by True North in Fedbank Financial Services Ltd (Fedfina). "True North can further acquire additional equity shares of Fedbank Financial Services Ltd, constituting up to 45 per cent of the share capital in the company," Federal Bank said in a regulatory filing. The lender said that Reserve Bank earlier last week gave approval for the proposed transactions. Fedfina is a 100 per cent fully owned subsidiary of the bank. FedFina is engaged in providing loans to individual and corporate borrowers, against the security of assets like gold and real estate property, for meeting personal and business expense and investment needs. The operations of the company are in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, West Bengal, Rajasthan, Delhi, Gujarat and Maharashtra. Federal Bank stock closed 2.78 percent up at Rs 70.20 on BSE. First Published on Oct 8, 2018 04:07 pm

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Expert Collections containing Fedbank Financial Services

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Fedbank Financial Services is included in 2 Expert Collections, including India Fintech Landscape.

I

India Fintech Landscape

430 items

F

Fintech

10,749 items

Excludes US-based companies

Fedbank Financial Services Web Traffic

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