Approval from CCEA under Consolidated FDI Policy, 2013 for Foreign Investment
Federal Bank Ltd has informed BSE that Cabinet Committee of Economic Affairs has vide their letter dated February 12, 2014 (received on February 25, 2014) have accorded their approval for foreign equity participation upto 74% of the paid up capital of the Bank, with sub-limit of 49% by FII's and 24% for NRI's.25-02-2014