Company Profile
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Fedbank Financial Services Ltd (FEDBANK) is a wholly owned subsidiary of The Federal Bank Ltd, one of the leading private sector banks in the country.
In the initial period prior to its receiving the NBFC license, Fedbank’s role was that of a distribution company mainly sourcing business for Federal bank through its own sales force. The major activities included:
- Direct marketing of the asset products of the bank with particulars emphasis on retail viz. Home Loans, Mortgages, Auto Loans, and Personal Loans.
- Direct Marketing of mutual fund products, insurance products of both life and non-life insurance companies.
- Collection and loan recoveries
CEO Speaks
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After receipt of our NBFC license in early September we have made fast progress.Read more...
The IT roadmap and Infrastructure has already been built up to support the large number of Gold loan branches we are planning to set up all over the country. In the first phase we have already rolled out 35 pilot branches in various parts of Tamil Nadu, namely Chennai, Pondicherry, Coimbatore, Tirupur, Salem, Erode, and Madurai.