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 growth. Federal Bank has been chosen for the award for its contributions in the field of Financial Inclusion. Representing the Bank, Smt. Minimole Liz Thomas, Asst. General Manager, Financial Inclusion Dept, Federal Bank, received the award from Shri. Ashishkumar Chauhan, Managing Director & CEO, BSE Ltd during the ‘Making India $20 trillion economy 40^th Skoch Summit’ held at International Convention Hall, Mumbai Stock Exchange, Mumbai.

About Federal Bank:

Federal Bank is a leading Private Sector Bank with a branch network of 1,247 branches and 1,495 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.22  Lakh  Crore as at March 31, 2015 and it has earned a net profit of Rs 1005.75 Crore.  Bank’s Capital to Risk weighted Ratio (CRAR) stood at 15.46% at the end of March 31, 2015.  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.