https://www.moneycontrol.com/news/business/federal-bank-picks-kotak-axis-jp-morgan-bofa-for-up-to-rs-4000-crore-fund-raise-10651841.html
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5/24/23 at 7:22am
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Moneycontrol
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Ashwin Mohan
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The Kochi, Kerala headquartered bank is backed by the World Bank's investment arm IFC ( International Finance Corporation). In July 2021, Federal Bank saw a Rs 916 crore equity infusion by IFC which picked up a 4.99 percent stake.
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