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Federal Bank?s board nod to raise $ 500 mln via GIFT City unit
22-Aug-2026 | 10:00
Federal Bank announced that its board has approved a proposal to raise up to $ 500 million through the issuance of foreign currency-denominated bonds via its IFSC Banking Unit (IBU) at GIFT City.
The fundraising will be carried out in one or more tranches, with a maximum tenor of up to five years, subject to applicable regulatory and statutory approvals.
The bank said details of each tranche, as required under the applicable SEBI regulations, will be disclosed after the respective board or committee approves the issuance.
Federal Bank operates through four segments: treasury, corporate or wholesale banking, retail banking, and other banking operations. As of 30th June 2026, it had 1,650 banking outlets and 2,135 ATMs/recyclers, including mobile ATMs.
The bank's standalone net profit jumped 36.57% year-on-year (YoY) to Rs 1,176.93 crore in Q1 FY27, compared with Rs 861.75 crore in the corresponding quarter last year. Total income increased 6.24% YoY to Rs 8,286.69 crore in Q1 FY27.
The scrip advanced 1.19% to end at Rs 360 on Friday, 21 August 2026.
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