The Reserve Bank of India (RBI) has granted approval to Asia II Topco XIII Pte. Ltd. to increase its aggregate holding in Federal Bank to up to 9.99% of the paid-up share capital or voting rights. This approval, granted on February 5, 2026, is subject to certain conditions.
Shareholding Approval
Federal Bank has received intimation from the RBI regarding the approval granted to Asia II Topco XIII Pte. Ltd. to increase its shareholding. The approval was granted on February 5, 2026.
Details of the Approval
Asia II Topco XIII Pte. Ltd. has been approved to acquire up to 9.99% of the paid-up share capital or voting rights of Federal Bank. This approval is subject to the conditions specified by the RBI.
Compliance Requirements
The approval is subject to compliance with relevant banking regulations, including the Banking Regulation Act, 1949, and Reserve Bank of India directives, specifically the Commercial Banks – Acquisition and Holding of Shares or Voting Rights Directions, 2025, dated November 28, 2025. It also requires compliance with the Foreign Exchange Management Act, 1999, and regulations issued by the Securities and Exchange Board of India.
Source: BSE
