The Federal Bank Limited has received an intimation from the Reserve Bank of India (RBI) on January 30, 2026. The RBI has granted its approval to SBI Mutual Fund for acquiring an aggregate holding of up to 9.99% of the paid-up share capital or voting rights of the Bank. This approval is subject to the fulfillment of specific conditions outlined by the RBI. It also requires compliance with various regulations, including the Banking Regulation Act, 1949, the Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025 dated November 28, 2025 (as amended), the Foreign Exchange Management Act, 1999, and regulations issued by the Securities and Exchange Board of India, along with any other applicable statutes, regulations, and guidelines. The intimation regarding RBI's approval was received by the Bank on January 30, 2026.
