May 23, 2018 8:00 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

True North Reportedly In Talks To Acquire Fedfina

True North Partners is in advanced talks to buy a 26% stake in Fedbank Financial Services Limited (Fedfina) for INR 4 billion, two people in the know said. The transaction is expected to conclude within a few weeks, said the first person, on condition of anonymity. ICICI Securities is advising Federal Bank on the transaction, he added.

Federal Bank In Process Of Divesting Its Stake In Fedfina

The Federal Bank Limited (NSEI:FEDERALBNK) is the process of divesting 26% stake in Fedbank Financial Services Limited to a strategic investor to raise capital for the subsidiary.

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.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 11, 2018
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