Fedbank Financial Services Ltd (FFS), a subsidiary of The Federal Bank Ltd, operates as a diversified Non-Banking Financial Company (NBFC) since 2010. Established in 1995, FFS focuses on lending against gold and property, wholesale lending, and distributing retail loan and insurance products. The company caters primarily to South India with a notable presence in new markets such as Surat, Bangalore, and Chennai.
FFS has significantly expanded its branch network, growing from 99 locations to 575 branches by March 2023, covering Andhra Pradesh, Telangana, Tamil Nadu, and Karnataka. Its offerings include SME-focused mortgage loans, gold loans, and structured finance. The company has diversified its credit lines and reduced borrowing costs through foreign currency debt. In 2018, it bolstered its capital structure with a Rs 169 crore equity infusion from True North fund VI LLP. FFS has maintained profitability with most branches contributing positively to its net interest margin (NIM).
