Federal Bank opens 10 new branches in a single day
30th June 2022: The branches were opened at Sundarapuram, Thiruvannamalai, Saidpet, Senur, Alagusenai, Kal pudhur, Su pallipattu, in Tamil Nadu, Visakhapatnam/ Madhurwada in Andhra Pradesh, Sangareddy in Telangana and Mehasana in Gujarat. The Bank intends to open many more new branches in this fiscal year across India.
Speaking on the occasion, Nandakumar V, Head of Branch Banking, Federal Bank said, “Opening of 10 branches today at various locations of TN, AP, Telangana and Gujarat is part of footprint expansion of the Bank for the cu rrent year. Further, the Bank is planning to open 15 branches on a single day around 15th August, to commemor ate Azadi ka Amrit Mahotsav. Opening of new branches will continue on an ongoing basis in the coming quarters of the financial year.”
The total number of branches of the Bank increased to 1291 with the opening of these branches.
About Federal Bank: Limited
Federal Bank (NSE: FEDERALBNK) is a leading Indian private sector bank with a network of 1,300 banking outle ts and 1,886 ATMs/Recyclers spread across the country. The Bank’s total business mix (deposits + advances) sto od at ₹ 3.29 Lakh Crore as on March 31, 2022. Capital Adequacy Ratio (CRAR) of the Bank, computed as per Bas el III guidelines, stood at 15.77% as on 31st March 2022. Federal Bank has its Representative Offices at Dubai an d Abu Dhabi that serve as a nerve centre for Non-Resident Indian customers in the UAE. The Bank also has an IF SC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City). Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well-defined vision for the future as a guidepost to its progress.
