The Federal Bank Limited
Kotak Mutual Fund increased its stake in The Federal Bank Limited from 1.95% to 2.52%, acquiring 13,936,179 additional shares. The Reserve Bank of India (RBI) recently approved Kotak Mahindra Bank (including its subsidiaries and managed funds) to acquire an aggregate holding of up to 9.99% in Federal Bank.
A private sector bank incorporated in 1931, Federal Bank provides comprehensive retail and corporate banking services to customers across India. The bank offers para banking activities including debit card services, third-party product distribution, treasury operations, and foreign exchange business. Headquartered in Kerala, it maintains a significant presence in the financial services sector and serves both individual and institutional clients through its extensive branch network and digital platforms.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.