Mumbai: Federal Bank Ltd. (NSE: FEDERALBNK, BSE: 500469) announced that the Reserve Bank of India (RBI) has granted approval to Asia II Topco XIII Pte. Ltd. for acquiring an aggregate holding of up to 9.99% of the paid-up share capital or voting rights of the bank.
The approval, communicated to Federal Bank on February 5, 2026, is subject to compliance with several regulatory frameworks, including the Banking Regulation Act, 1949, RBI Directions on Acquisition and Holding of Shares or Voting Rights (2025), the Foreign Exchange Management Act, 1999, and applicable SEBI regulations.
This strategic investment highlights growing confidence in Federal Bank’s operations and long-term prospects. Asia II Topco XIII Pte. Ltd.’s entry as a significant shareholder is expected to strengthen the bank’s capital base while providing potential strategic support for future growth initiatives.
Federal Bank, headquartered in Aluva, Kerala, has maintained a robust presence in India’s banking sector, delivering retail, corporate, and digital banking services. The bank’s leadership welcomed the approval, emphasizing compliance with regulatory guidelines and the importance of responsible foreign investment.
Company Secretary Samir P Rajdev confirmed that the bank has taken note of RBI’s approval and will continue to adhere to all statutory requirements.
About Federal Bank:
Federal Bank Limited, established in 1931, is one of India’s leading private sector banks, with a strong network of branches across India. The bank provides comprehensive banking solutions including retail, corporate, and treasury services, and emphasizes technology-driven solutions for customer convenience.