The fundraising could be via debt or equity, or a combination of the two, with the final structure still under consideration, the bank’s Chief Executive Officer Shyam Srinivasan said in an interview. The capital will fund growth as Federal Bank pushes further into retail banking with plans to open about 100 branches this year, and seeks to buy a microfinance company, he added.source https://economictimes.indiatimes.com/industry/banking/finance/banking/federal-bank-eyes-up-to-486-million-fundraising/articleshow/100378874.cms
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