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Press background on Federal Bank
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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 Signs MOU with New India Assurance Co for Implementation of Pradhan Mantri Suraksha Bima Yojana

Federal Bank has tied up with New India Assurance Co. Ltd for implementation of Pradhan Mantri Suraksha Bima Yojana, the Personal Accident Insurance scheme announced by the Govt. of India for savings bank account holders in the age group of 18 to 70 years. The Insurance scheme provides a cover... (more)
Federal Bank Net profit up by 20% at Rs. 1005.75 Cr

Federal Bank announced the audited financial results for the year ended 31st March 2015 today at Kochi. The Bank recorded strong performance in terms of growth in all key parameters despite the challenging environment. The key highlights of the results are:
- Net Profit breaches Rs. 1... (more)
Federal Bank Offers Health Insurance Cover for its Savings Account Customers

Federal Bank in association with Max Bupa announced an exclusive Health Cover offer of Rs 1.00 Lakh for all new Savings Bank account opened from April 16, 2015  for a premium of Rs 1000/- per account. The cover provides for Inpatient treatment, all day care procedures upto the sum assured.(more)
Comments of Mr. Shyam Srinivasan, Managing Director, Federal Bank on the First Bi-Monthly Policy of FY 15-16

RBI’s stance of no cut in policy rates is along expected lines. RBI in the recent past has cut interest rates on two occasions on dates other than the policy review dates, implying that it reacts dynamically to data flow. I believe that on similar lines, as data comes through over the next fe... (more)
Federal Bank Launches India’s First Focused FinTech Accelerator Programme in Association with MobME Wireless and Startup Village

Federal Bank has joined hands with M/s MobME wireless, and Startup Village to launch India’s first focused FinTech Accelerator Programme, a unique programme that aims at speeding up technological innovations in the financial sector space. FinTech refers to Financial Technology, which is ... (more)
Cricketer Anil Kumble Graces Federal Bank’s ‘Speak for Kerala’ Initiative

The Grand Finale of Federal Bank – ‘Speak for Kerala’ student Debate, a seven month long programme, under the aegis of Federal Bank Hormis Memorial Foundation, concluded in style. The programme was held at Gokulam Hotel and Convention Centre, Kaloor, Ernakulam on 19th Ma... (more)
Federal Bank Engages Students Highlighting Social Issues through ‘Speak for Kerala’ Student Debate Competition

The stage is set for the final rounds of ‘Federal Bank - Speak for Kerala’ student Debate programme which will be held on 17th and 19th of this month. Organized under the aegis of Federal Bank Hormis Memorial Foundation, Federal Bank-‘Speak for Kerala’ (FBSFK) is a public pl... (more)
Federal Bank Bags NIB Awards in Best Corporate Brand and Best House Magazine Categories

Federal Bank bagged the inaugural NIB Awards in two categories, namely Best Corporate Brand and Best House Magazine Categories. The awards, jointly organized by Ernakulam Press Club and Public Relations Council of India (PRCI) - Kerala Chapter, were presented to the Bank in a function held at ... (more)
Comments of Mr. Shyam Srinivasan, Managing Director & CEO, Federal Bank on Union Budget 2015-16

The Finance Minister presented budget with a multi-year view. He has laid the roadmap of what can be expected over the next 4 years and done a fine balancing act between the present fiscal challenges while dealing with high expectations of the government.
A quick view of the ... (more)
Federal Bank Launch ‘Remit & Retain’ Scheme for NRIs

Federal Bank launched ‘Remit & Retain’ scheme for NRI customers of the Bank. The scheme will be open during the period 16.02.2015 to 31.03.2015. All NRI customers who remit Rs 1 Lakh or above as a single remittance to their NRE Savings/ Current Account during this period, ... (more)