News

Federal Bank Increases Stake in Ageas Federal Life Insurance by 4%.

Banking & Finance | Dated: 01 Apr 2025

In March 2025, Aluva (Kerala)-based Federal Bank Limited signed a binding Memorandum of Understanding (MoU) with Belgium-based Ageas Insurance International NV and Ageas Federal Life Insurance Company Limited (AFLIC) to acquire an additional 4% stake in AFLIC from Ageas Insurance International NV.

🎯 Key Highlights:

- The Reserve Bank of India (RBI) has approved Federal Bank's plan to increase its stake in AFLIC from 26% to 30% for up to Rs. 105 crore.

💡 Other Important Facts:

(i) The acquisition is subject to signing a Share Purchase Agreement (SPA), fulfilling conditions outlined in the SPA, and obtaining necessary regulatory approvals.
(ii) AFLIC is a joint venture between Ageas Insurance International NV and Federal Bank Limited, offering life insurance products and services across India.

📚 Test Your Knowledge:

Recently, which bank signed an MoU to acquire an additional 4% stake in Ageas Federal Life Insurance?

Correct Answer: Federal Bank

🚀 Quick Recap:

About Federal Bank Limited

MD & CEO : KVS Manian
Headquarters: Aluva, Kerala