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Rs 15,000 crore raised via QIP will support growth for two years: SBI chief
Rs 15,000 crore raised via QIP will support growth for two years: SBI chief
Business Standard

Federal Bank to raise Rs 2,500 crore as growth capital

18-20% growth expected in the current financial year

Topics
Federal Bank

Gireesh Babu  |  Chennai 



Kerala-based is looking at raising up to Rs 2,500 crore through equity to improve its capital adequacy ratio, while growing at an expected rate of 18-20 per cent in the near future. The bank is also looking at a strategic equity partner for its non-banking arm Fedbank Financial Services.

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First Published: Fri, June 09 2017. 21:27 IST

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