The Federal Bank Limited has informed the Exchange about Approval granted by Reserve Bank of India (RBI) to Kotak Mahindra Bank Limited for acquiring aggregate holding of up to 9.99% of the paid-up share capital or voting rights of the Bank.
FEDERALBNK · price
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The Reserve Bank of India has granted approval to Kotak Mahindra Bank Limited to acquire an aggregate holding of up to 9.99% of Federal Bank's paid-up share capital or voting rights. This approval was received by Federal Bank on May 6, 2026, and is subject to compliance with the Banking Regulation Act, 1949, RBI directions on commercial bank shareholding, FEMA regulations, SEBI regulations, and other applicable laws. The approval comes with conditions that Kotak Mahindra must fulfill. Federal Bank is listed on NSE (FEDERALBNK) and BSE (500469).
Kotak Mahindra Bank building a nearly 10% stake signals significant institutional interest in Federal Bank. The 9.99% ceiling suggests they may continue accumulating shares gradually toward the 10% threshold, which could be positive for the stock if market views it as a vote of confidence in Federal Bank's prospects.