Latest News Releases

Press background on Federal Bank
Company profile
Federal Bank is a leading Private Sector Bank with a branch network of 1,207 branches and 1,408 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.03 Lakh Crore as at March 31, 201 4and it has earned a net profit of Rs 838.89 Crore. Its Capital to Risk weighted Ratio (CRAR) stood at 15.14% at the end of March 31. Federal Bank has its Representative Office at Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. 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.
 Recent press releases
Federal Bank Launches BYOM Personal Loan, Digital Personal Loan Facility

In line with the Banks vision for Digital innovation, Federal bank has come out with yet another innovative product - Digital Personal Loans. Customers can log into Bank’s website (www.federalbank.co.in) and avail personal loans in a minute.  Upon the acceptance of the offer by t... (more)
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Federal Bank Announces ‘Refer a Friend’ Reward Program for FedMobile Users

Federal Bank has announced a reward program for their customers who refer FedMobile, bank’s banking transaction app, to friends or relatives. The app link can be shared with the friends just by clicking ‘’Refer A Friend” option in the home page of the FedMobile app. ... (more)
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Federal Bank Starts Distribution of Indian Gold Coins (IGC)

Federal Bank ties up with MMTC for distribution of Indian Gold Coins (IGC), the first-Ever National Gold offering by the Government, which was launched by Prime Minister Narendra Modi In November 2015.
 
Speaking on the occasion, Mr. Jose K Mathew, Head - Retail Busines... (more)
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Federal Bank Delivers Robust 18.33% Growth in Net Profit at Rs.167.31 Cr

Federal Bank announced the Unaudited Financial Results for the quarter ended 30th June 2016. The key highlights of the results on a Y-o-Y basis are as follows:
Operating profit soars by 15.97%
Total Business increases by 15.25%
NRE Deposits surge by 24.54%(more)
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Federal Bank Introduces Tax Return e Filing Services

Federal Bank has come out with a new initiative for its customers to e file their income tax returns easily. For this, the Bank has launched a new portal service (http://www.federalbank.co.in/clear-tax). Customers can login to this portal and upload their Form No.16. The portal will capture... (more)
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Federal Bank Offers 800 Payment Options in FedMobile

Federal Bank has come out with enriched features on its Mobile banking platform – FedMobile. Bank has added 300 large merchants spread across the country, thereby giving absolute comfort to the customers to pay their utility bills. The features include facility for payment of Electric... (more)
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Federal Bank One of the First Banks to get RBI Approval to Operate Under Bharat Bill Payment System (BBPS)

Federal Bank has been granted approval by Reserve Bank of India to operate under the Bharat Bill Payment System (BBPS), the standardized billing platform conceived by the National Payments Corporation of India (NPCI). BBPS is an integrated system that brings all bill generators in one platf... (more)
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Federal Bank Launches BYOM Car Loan, the Online Car Loan Facility

Federal Bank rolls out the first digital car loan, BYOM Car.  Without making a single visit to the Bank branch, customers can avail themselves a car loan through this online platform.  A Customer can now select the car online, decide the dealer, decide the loan amount, get the loa... (more)
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Federal Bank Tie-up with Transfast Remittance LLC for Inward Remittances from USA

Federal Bank has entered into a tie-up arrangement with Transfast Remittance LLC for facilitating online inward remittance to India in Rupees for their NRI customers based in USA. Transfast is a leading omni-channel provider of cross-border payments solutions to consumers around the world. ... (more)
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Federal Bank Announces Rs. 200 Cash Back offer for FedMobile Customers

Federal Bank announced a cash back offer of Rs. 200 for its Mobile Banking customers. The top 5 spenders using Fedmobile (Federal Bank’s Mobile Banking App) every hour between 8 AM and 10 AM will get cash back of Rs. 200. Funds transfer, mobile recharge and bill payment transactions d... (more)
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