Fedbank Financial Services Limited
SBI Life Insurance trimmed its stake in Fedbank Financial Services from 1.99% to 1.94%, selling 2 lakh shares worth ₹3.17 crore.
A subsidiary of The Federal Bank Limited, Fedbank Financial Services provides gold loans, home loans, loans against property, and business loan services across India. The company specializes in secured lending products tailored to individual and business borrowers. Its distinctive strength lies in leveraging its parent bank's extensive banking infrastructure, branch network, and financial expertise to deliver efficient and accessible lending solutions to diverse customer segments.
Joint venture between State Bank of India and BNP Paribas Cardif. Manages over Rs 4.7 lakh crore in total AUM with the flagship SBI Life Equity Fund alone holding over Rs 77,000 crore. One of India's largest private life insurers by AUM, with a multi-cap equity book deployed across ULIP and participating funds.