Federal Bank Ltd (The)
13 November 2007



The Federal Bank Limited                      Secretarial Department
Phone : (0484) - 2622263 (Direct)             Corporate Office
                 2623620 - 29                 'Federal Towers'
Fax     :        2621687                      Aluva 
E-mail :  secretarial@federalbank.co.in       Kerala - 683 101

                                              13  November, 2007



Regulatory news service
London Stock Exchange

Dear Sir,


Not for release, publication or distribution, directly or indirectly, in or into
the United States of America



'On October 26, 2007, the Board of Directors of The Federal Bank Limited, acting
through its Rights Issue Committee, approved a rights issue priced at Rs250 per
share (including a premium of Rs240 per share).  The record date for the rights
issue will be Monday, November 26, 2007.  Holders of record on the record date
will be eligible to subscribe for one equity share of par value Rs10 for every
fully paid equity share of The Federal Bank Limited which they hold.  Holders of
The Federal Bank Limited's global depositary receipts (GDRs) will be eligible to
participate in the rights offer under certain circumstances.'





For the Federal Bank Limited



Company Secretary

The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States of America.  These
materials do not constitute an offer of securities for sale in the United
States, nor may the securities be offered or sold in the United States absent
registration or an exemption from registration as provided in the U.S.
Securities Act of 1933, as amended, and the rules and regulations there under.
There is no intention to register any portion of the offering in the United
States of America or to conduct a public offering of Securities in the United
States of America.



The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction.








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