PROJECT

Projects

Summary of Proposed Investment

Project Number

24493

Company Name

THE FEDERAL BANK LIMITED

Date SPI Disclosed

Nov 30, 2005

Country

India

Industry

Financial Markets

Projected Board Date

Jan 5, 2006

Status

Completed

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

FI-1 - Significant

Previous Events

Approved : Jan 12, 2006
Signed : Mar 10, 2006
Invested : Mar 16, 2006

Project Description

Subject to due diligence, negotiations, and regulatory approval, IFC is considering an investment package of up to $50 million in Federal Bank’s (the Bank). The investment package consists of the following: - a long-term loan to support SME lending operations, and - a potential equity investment in the Bank. The Bank has been in existence for 74 years. It is currently the 6th largest private sector bank in India, and the largest scheduled commercial bank in the state of Kerala. The Bank is actively involved in the SME lending in Kerala.

Sponsor / Cost / Location

Development Impact