Federal Bank hires four bankers to raise $388 mn via share sale

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Aluva-based Federal Bank has hired two foreign and two domestic merchant bankers to manage a Rs 2,500 crore (around $388.8 million) qualified institutional placement (QIP) to boost capital adequacy and cater to a surge in loan demand, two persons close to the development told VCCircle.The bank has hired Citigroup, Deutsche ......