
New Launch4 Jul 2025, 12:50 pm
Federal Bank Launches 'NRE & NRO Current' for NR Diaspora
AI Summary
Federal Bank Ltd has announced the launch of 'NRE & NRO Current', current account products for the NR Diaspora. These products, aimed at the domestic market, offer value-added features. The bank is fulfilling its disclosure requirements under the Regulations 30, read with Para B of Part A of Schedule Il of the Regulations, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The information is also being uploaded on the bank's website i.e. www.federalbank.co.in/disclosures-to-shareholders.
Key Highlights
- Federal Bank launches 'NRE & NRO Current' for NR Diaspora
- Aimed at providing value-added features for the domestic market
- Fulfilling disclosure requirements under Regulations 30 and SEBI Master Circular
- Information uploaded on the bank's website