Federal bank has announced the launch of two revamped current account variants, marking a significant addition to its product portfolio. The bank disclosed the product launch on February 24, 2026, in compliance with SEBI regulations for listed companies.

Product Launch Details

The bank has introduced enhanced versions of two current account products targeting the domestic market:

Both products represent revamped versions of existing current account variants, designed to serve customers in the domestic market exclusively.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Federal Bank also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its disclosure.

The communication was officially signed by Samir P Rajdev, Company Secretary of Federal Bank, and submitted to both the National Stock Exchange of India Limited and BSE Limited on February 24, 2026.

Corporate Information

Federal Bank operates from its registered office at Federal Towers, Bank Junction, Aluva, Kerala. The bank maintains its corporate identification number as L65191KL1931PLC000368 and trades on stock exchanges under the scrip symbol FEDERALBNK with scrip code 500469.

Federal Bank has completed the allotment of equity shares to employees under its Employee Stock Option Schemes (ESOS), as announced in a regulatory filing dated February 23, 2026. The allotment was executed following approval from the bank's Nomination, Remuneration, Ethics and Compensation Committee.

Share Allotment Details

The bank allotted a total of 4,18,906 equity shares across two ESOS schemes on February 23, 2026. The allotment was made after the option grantees completed the payment of money as required under the respective schemes.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of the Securities and Exchange Board of India (SEBI) regulations. The bank has informed both the National Stock Exchange of India Limited and BSE Limited about the share allotment through official communication.

ESOS Implementation

The Employee Stock Option Schemes represent the bank's commitment to employee participation in the organization's growth. Under the ESOS 2010 Scheme, 7,050 equity shares were allotted to option grantees, while the more substantial allocation of 4,11,856 shares was made under the newer ESOS 2017 Scheme.

All allotted shares carry a face value of Rs. 2/- each and have been issued following the completion of payment requirements by the respective option grantees. The communication was signed by Company Secretary Samir P Rajdev and has been submitted to the stock exchanges for record purposes.