Fedbank Financial Services Limited — Others, 28-07-2025: Cessation

Fedbank Financial Services' board has approved the financial results for the first quarter, reporting a net profit of ₹75.01 Cr with auditors issuing an unmodified opinion. The company maintains strong financial health, with a Capital to Risk-Weighted Assets Ratio (CRAR) of 22.40%, Gross NPA at 1.99%, and Net NPA at 1.24%, all well within compliance. In leadership updates, Mr. Rajaraman Sundaresan steps down as Company Secretary by July 31, and Mr. Parthasarathy Rajagopal Iyengar assumes the role from August 1. IPO funds of ₹1,092.26 Cr are confirmed to be utilized as intended for Tier I capital augmentation.