Private sector lender Federal Bank has received regulatory clearance for a significant equity infusion, after the Reserve Bank of India approved global private equity firm Blackstone to acquire an up to 9.99% stake in the bank. In a regulatory filing on Thursday, Federal Bank said Blackstone will invest ₹6,196.51 crore through its affiliate Asia II … Continue reading Blackstone Gets RBI Approval to Acquire Up to 9.99% Stake in Federal Bank