Federal Bank gets RBI’s nod to sell 45% stake in Fedfina
Federal Bank has received an approval from the Reserve Bank of India (RBI) for proposal to sell up to 45% stake in NBFC arm Fedbank Financial Services (Fedfina) to private equity firm True North. Earlier in May, the board of the Bank had approved 26% strategic investment by True North in Fedfina. Federal Bank is … Read more