Federal with roots in Kerala is branching into a pan-India bank

KVS Manian, Federal Bank’s new MD & CEO, aims to position the bank among India’s top five private banks. With a focus on key segments like mass affluent, non-resident, SME, and mid-market, Manian plans to expand the branch network and initiate strategic acquisitions. Private sector capex revival remains pivotal for boosting credit demand.

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Tata Capital approves plans for IPO

Tata Capital is moving forward with its IPO plans, gaining approval to issue 23 crore new shares while allowing some existing shareholders to exit. The