Federal Bank-Jana SFB deal talks in advanced stages, sources say
Federal Bank is in talks to acquire Jana Small Finance Bank, with talks in advanced stages.
Jana SFB's promoter may exit, triggering an open offer for shareholders after selling its 16.9% stake.
Federal Bank's balance sheet is ₹3.93 lakh crore, while Jana SFB's is ₹46,812 crore, with Jana SFB's net interest margin at 7.5%.