Federal Bank ties up with Hedge Equities

Posted on:15 Jan 2018 09:33:40
Federal Bank ties up with Hedge Equities
15 January 2018 Current Affairs: Federal Bank entered into a strategic partnership with Hedge Equities Ltd for providing Portfolio Investment Scheme (PIS) services to NRIs.

A formal agreement was executed in which Jose K Mathew (EVP & Head Retail Business, Federal Bank) and Alex Babu (MD, Hedge Equities Ltd) exchanged the MoU announcing the tie-up.

Federal Bank is authorized by the RBI to issue permission letter to NRIs on behalf of the RBI to transact in the secondary market. 

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