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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 Announces 1:1 Bonus Shares

The Annual General Meeting of the shareholders of Federal Bank held at Aluva on 29th June 2015 has approved the proposal of the Board of Directors to issue Bonus shares in the ratio of 1:1. The meeting has fixed the Record Date as July 09, 2015 for the purpose of ascertaining the ent... (more)
Federal Bank Launches Revamped Version of ‘FedMobile’; Announces Cash Back Offer for the First Transaction by Customers

Federal Bank announced the launch of the revamped version of FedMobile, the Mobile Banking App of the Bank. The new and improved version comes with added convenience to customers making it simpler, faster and friendlier to use. Using the new FedMobile, customers can register for mobile banking anyw... (more)
Federal Bank Receives Skoch Award for Financial Inclusion

Federal Bank won the Skoch Order of Merit Award under two Categories, namely, ‘Capacity Building & Financial Literacy’ and ‘Access to Banking and Financial Services’. Skoch Group is a Gurgaon based think tank dealing with socio-economic issues with focus on inclusive gro... (more)
Twin Recognitions for “Federal Reach”, the In-house Magazine of Federal Bank

Federal Reach, the in-house magazine of Federal Bank bagged twin recognitions at the In-House Communication Excellence (ICE) Awards 2015 held at Mumbai. Federal Reach won the award under two categories, namely, Best Magazine among Banks and Best Design & Layout. The awards were received on beha... (more)
Federal Bank Enables Mobile Top-up and Other Value Added Services through ATMs

Leveraging on the advanced capabilities of ATMs, Federal Bank has enabled the following value added services at 800 of its 1400 plus ATMs thereby enhancing customer convenience.
ATM Mobile Top-up
Intelligent FAST Cash option
Language preference option     &nb... (more)
Federal Bank Bags Greentech HR Excellence Award 2015

Federal Bank bagged the Greentech HR excellence award- 2015 for Excellence in Training & development held at Bangalore.Federal Bank won the award for excellence in training and bringing new innovative practices to develop skill sets of employees. Green Tech HR Awards are presented to compa... (more)
Federal Bank Launches Scan N Pay

Federal Bank announced the launch of its latest innovation “Scan N Pay” today at a function held at Federal Experience Centre, Nedumbassery, Kochi. The product was launched by Shri A P Hota in the presence of the media and Bank officials.
By far the easi... (more)
Federal Bank & SBI Card Joins to Launch Co-branded Credit Cards

Federal Bank, one of India’s premier private sector banks, and SBI Card, one of India’s leading Credit Card issuer announced their collaboration to launch Federal Bank-SBI co-branded credit cards today. Through this alliance Federal Bank will launch two new variants of Visa credit ... (more)
Federal Bank Offers Free Insurance Cover for Gold Loan Customers

Federal Bank has come out with a new Gold Loan Product, “Akshaya Gold”, with the added feature of free insurance cover. Under the scheme, customers will get an insurance cover up to Rs. 1 L absolutely free. The product is available at competitive rates across all branches pan India. Fed... (more)
Federal Bank Signs MOU with LIC for Implementation of Pradhan Mantri Jeevan Jyothi Bima Yojana

Federal Bank has tied up with LIC of India for implementation of Pradhan Mantri Jeevan Jyothi Bima Yojana, the life Insurance scheme announced by the Govt. of India for savings bank account holders in the age group of 18 to 50 years. The insurance scheme provides a life cover of Rs. 2 lak... (more)