About Fedbank Financial Services Limited (Fedfina)

Fedbank Financial Services Limited (Fedfina) is a publicly listed, retail-focused Non-Banking Financial Company (NBFC) established on April 17, 1995, and headquartered in Mumbai. It operates as a majority-owned subsidiary of The Federal Bank Limited, which held 61.03% of Fedfina’s equity as on March 31, 2025. The company’s shares were listed on the National Stock Exchange and BSE on November 30, 2023, marking a significant milestone in its journey as a standalone listed entity. Registered with the Reserve Bank of India as an NBFC (Registration No. N-16.00187), Fedfina is categorised as a Systemically Important Non-Deposit taking NBFC (NBFC-ND-SI).

Fedfina’s core purpose is to “Empower Emerging India with Easy Access to Loans”, with a strong emphasis on secured lending for underserved and emerging segments, particularly MSMEs. Its diversified lending portfolio spans Gold Loans and Mortgage Loans, alongside Loan against Property, Home Loans, SME Loans, and Wholesale Finance; it also extends Micro Loans via tie-ups with sourcing and servicing agents. The company has built a “phygital” model combining physical reach with digital channels, supported by 694 branches across 18 states and union territories, with deep presence particularly in the South and West. Its mobile app and digital portal have crossed 10 lakh downloads, enabling round-the-clock customer access and paperless onboarding.

Key milestones include 30 years of operations as a trusted lender, transition to a dual-engine strategy centred on Gold Loans and Mortgages, and the public listing in November 2023. As at March 31, 2025, the company reported strong operating progress with an AUM of Rs 15,812 crore and a broader national footprint supporting its secured-lending focus. The company does not have any subsidiary, joint venture or associate company (Subsidiaries: Nil).

Fedbank Financial Services Limited Key Management

• Shyam Srinivasan – Non-Executive Chairman and Non-Executive Director
• Parvez Mulla – Managing Director & CEO
• C. V. Ganesh – Chief Financial Officer
• S. Rajaraman – Company Secretary (as on April 29, 2025)

Latest Updates on Fedbank Financial Services Limited

• Insurance distribution for customers: Fedfina received a Corporate Agent (Composite) licence from IRDAI on June 10, 2024, enabling it to solicit life, general and health insurance as a corporate agent under the IRDAI (Registration of Corporate Agents) Regulations, 2015.
• Registered office shift: The registered office moved within Mumbai to Unit No. 1101, 11th Floor, Cignus, Plot No. 71A, Powai, Paspoli, Mumbai – 400 087 with effect from April 25, 2024.
• Balance sheet optimisation: Members approved enhanced limits for selling, assignment and securitisation of receivables, and for co-lending akin-to-direct assignment transactions up to Rs 10,000 crore at the AGM held on September 19, 2024.
• Capital market activity: On July 19, 2024, the Board approved the issue of 12,000 rated, listed, senior, secured, redeemable NCDs of Rs 1,00,000 each (Rs 120 crore), with a green shoe option of 8,000 NCDs (Rs 80 crore) on private placement (ISIN INE007N07058). As on March 31, 2025, multiple NCD series were outstanding and listed on BSE.
• Funding and ratings: During FY 2024–25, the company recorded an upgrade in credit ratings. It held ratings of AA+/Stable across various instruments from India Ratings and CARE, AA+; Stable for certain NCDs from CRISIL (upgrade noted on October 4, 2024), and A1+ for Commercial Paper from CRISIL and ICRA.
• Network expansion: Fedfina added 75 branches during the year, taking its network to 694 branches across 18 states/UTs, covering MSME hubs and gold loan locations across key markets including Maharashtra, Karnataka, Tamil Nadu and Gujarat.
• Portfolio partnerships: In FY 2024–25, Rs 1,13,089 lakh of gold loan AUM was via co-lending; portfolio sell-downs totalled Rs 2,12,960 lakh, with 25.1% of AUM off-book at year-end.

Digital enablement: The company’s mobile app and portal surpassed 10 lakh downloads, supporting paperless onboarding and 24×7 access under its phygital doorstep model.