Growth
Federal Operations & Services Limited
(Stake: 100%)
Federal Operations & Services Limited (FedServ) is a wholly owned subsidiary of Federal Bank that carries out operational and technology-oriented activities of our Bank. Located in Bengaluru, Visakhapatnam and Kochi, the entity is designed to deliver excellence in service, mitigation of risk and cost efficiencies.
SERVICES
- Data entry operations
- Channel management
- Call centre operations
- ATM monitoring
- Branch support for recovery and sales
- IT development
- Vendor management and monitoring
- Data analysis
- IT application support
- Field collection management
- Project management
- Field sales management
` 0 Crore
Total Revenue FY 2023-24
` 0 Crore
PAT FY 2023-24
` 0 Crore
Profit Before Tax
Ageas Federal Life Insurance Company Limited
(Associate, 26% stake)
Ageas Federal Life Insurance Company Limited (AFLIC) prominent life insurance companies. It is a joint venture between Ageas, an international insurance giant based out of Europe, and Federal Bank.
AFLIC offers a comprehensive suite of life insurance solutions encompassing wealth management, protection, and retirement planning, empowering people to choose a future of their choice. It continues to work on its stated objective of building a healthier and better society by helping its customers in the process. It currently offers 31 products.
0%
New Business Premium Growth
Fedbank Financial Services Limited
(Stake: 61.58%)
Established in 1995 and headquartered in Mumbai, Fedbank Financial Services Limited, is a publicly listed Company (NSE: FEDFINA; BSE: 544027), operating as a subsidiary of The Federal Bank Limited.
The Company operates with a vision to “Empower Emerging India with Easy Access to Loans”. The Company is guided by four core values encapsulated in the acronym EPIC, which is “Execution Excellence, People Centricity, Integrity and Customer Centricity”.
The Company is a retail-focused non-banking finance Company providing Gold Loans, Mortgage Loans and Business Loans. The Company also sources housing loans, car loans, personal loans, home equity, mortgage loans, etc. for Federal Bank.
The Company recently got listed on the National Stock Exchange (NSE) and BSE Limited, raising ` 10.9 Billion, through its IPO. The IPO was oversubscribed 2.2x times, showcasing the trust of its stakeholders.
The Company’s long term credit ratings is AA+/Stable by CARE and India Ratings, while CRISIL has assigned it AA/Positive rating. The Company has a network of 621 branches spread across 18 states and UTs.
OUR PRODUCT SUITE
Working capital
|
Loan against
|
Working capital
|
|
|---|---|---|---|
|
Assets Under Management (FY 2023-24) |
` 6,218 Crore |
` 3,969 Crore |
` 1,826 Crore |
|
Average Ticket |
` 20.5 Lakh |
` 1.1 Lakh |
` 24 Lakh |
|
Loan to Value |
52% |
70.5% |
- |
|
Gross Stage |
2.2% Assessed Income/ |
0.8% In-house Valuation |
0.5% Income-based |
` 0 Crore*
AUM
34% Y-o-Y` 0 Crore
Disbursement
26% Y-o-Y` 0%
RoA
0%
RoE
Equirus Capital Private Limited (Associate, 19.59% stake)
It provides Investment Banking, Fixed Income, Insurance Broking, Institutional Equities, Portfolio and Wealth Management Services.
0%
Institutional Equities Market Share
` 0 Crore
AUM under PMS
IMPORTANT DEALS EXECUTED DURING THE YEAR
IPO – Book Running Lead
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Filed DRHP (Draft Red
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BLRM for Public NCDs
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Secured Structure
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