The Federal Bank joins forces with the CredAvenue securitization platform


The Federal Bank partnered with CredAvenue for the portfolio management of its securitization portfolio and implemented CredPool – an institutional debt platform of CredAvenue. This arrangement will help the Federal Bank to digitally monitor its ABS and MBS pool assets more effectively through its technology platform. The partnership involves CredAvenue to provide post-trade execution and portfolio management services for their direct assignment portfolio. CredAvenue’s bulk transaction processing platform supports many leading banks, with Federal Bank being the latest addition. The platform helps banks and NBFCs comply with new regulatory guidelines in force regarding securitization and direct divestiture.

“The Bank, in partnership with CredAvenue, has effectively automated end-to-end processes for direct sales of the retail portfolio. This automation has improved portfolio controls while giving us the ability to further expand our selective portfolio acquisition plans. In CredAvenue, we have found a strong partner and look forward to expanding our relationship with them over the next few years, ”said Shalini Warrier, ED & Head Retail Business, Federal Bank.

“We provide a Complete Originator Debt Ecosystem (NBFC) and provide a complete fulfillment solution for all lenders associated with us. Our technology has the ability to provide customized solutions based on the requirements of each bank / lender. for managing their portfolio. Our guarantees fast and seamless integration with an easy-to-use interface for our partners, ”said Gaurav Kumar, CEO of CredAvenue.

The actions of Federal Bank Ltd. were last traded in the BSE at Rs. 85.7 from the previous close of Rs. 85. The total number of shares traded during the day was 697,300 in over 2,318 trades.

The stock hit an intraday high of Rs. 86.2 and an intraday low of 84.55. The net turnover during the day was Rs. 59,536,456.


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