Fedbank Financial Services Board Approves ₹2,500 Crore Debt Raise Proposal

Board approved, subject to shareholder consent, increasing aggregate borrowing limits from ₹18,000 crore to ₹23,000 crore and raising up to ₹2,500 crore through privately placed debt instruments over one year. The company will also appoint V. Sankar Aiyar & Co. as joint statutory auditor under new RBI requirements.