August 22, 2017 9:14 AM ET

Diversified Financial Services

Company Overview of Fedbank Financial Services Limited

Company Overview

Fedbank Financial Services Limited operates as a financial product and service distribution company. It offers loans against property, such as loans to finance business expansion, meet personal needs, acquire new commercial premises, takeover of existing loans, and lease rental discounting. The company also provides gold loans. In addition, it distributes financial products, which include direct marketing of asset products, such as home loans, mortgages, auto loans, and personal loans; direct marketing of mutual fund products; and collections and loan recoveries. Further, the company distributes third party life insurance products. It serves its customers in Tamil Nadu, Karnataka, Maharashtr...

C-6,Bandra Kurla Complex

5th Floor

Laxmi Tower

Bandra-East

Mumbai,  400051

India

Founded in 1995

Phone:

91 22 2653 5100

Key Executives for Fedbank Financial Services Limited

President
Chief Financial Officer
Head of Operations
Business Head of Structured Finance
Head of Distribution Business
Compensation as of Fiscal Year 2017.

Fedbank Financial Services Limited Key Developments

Federal Bank Reportedly Seeking To Sell Up To 26% Stake In Fedbank Financial Services

The Federal Bank Limited (NSEI:FEDERALBNK) reportedly seeking to sell up to 26% stake in Fedbank Financial Services Limited to private equity firms to raise INR 4 billion to INR 5 billion, two people with direct knowledge of the matter said. The Federal Bank will use the money to grow and expand the unit’s business, the people with knowledge of the matter said. The Federal Bank confirmed plans to raise funds for the unit, but didn’t reveal the details. “Our board has taken a conscious decision to explore all options to raise growth capital for our NBFC. The process is on, but nothing is finalised yet,” a spokesperson said, responding ET’s email seeking comment.

Fedfina Aims To Raise INR 3 Billion From PE Investors

Fedbank Financial Services Limited non-banking financial arm of The Federal Bank Limited (NSEI:FEDERALBNK) is looking to raise INR 3 billion from private equity investors, and its management has appointed investment bank ICICI Securities Limited to look for buyers. Fedbank Financial will sell up to 25-30% stake to private equity investors, valuing it at about INR 10 billion, said three people with direct knowledge of the development. “The process has just started and ICICI Securities will now reach out to prospective funds," said another person with knowledge of the deal.

Fedbank Financial Services Limited Reports Earnings Results for the Year Ended March 31, 2016

Fedbank Financial Services Limited reported earnings results for the year ended March 31, 2016. For the year, the company reported total revenue of INR 894.8 million compared to INR 792.3 million reported in the same period last year. Profit before tax was INR 188.6 million against INR 85.3 million reported last year. Profit was INR 122.5 million or INR 0.64 per basic and diluted share against INR 63.4 million or INR 0.33 per basic and diluted share reported last year. Net cash outflow from operating activities was INR 1,140.3 million against INR 621.6 million reported last year. Purchase of tangible assets was INR 7.8 million against INR 3.6 million reported last year.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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