Federal Bank further strengthens its Branch Footprint

Federal Bank today opened 6 more branches. 4 of these branches are located at Metros and 2 of them at unbanked rural areas.

City Air News Nov 22, 2022 09:29 0

Federal Bank further strengthens its Branch Footprint

Seen in the inauguration picture are (Left to Right) - Kausar Mohiuddin, Member of Legislative Assembly (MLA), Karwan Constituency, Telangana, cutting the ribbon, in the presence of Pramod Kumar T V, Deputy Vice President and Regional Head, Federal Bank, Mohammed Rashed Farazuddin, Corporator, Shaikpet Division, Hyderabad and customers.

Chennai, November 22, 2022: Federal Bank today opened 6 more branches. 4 of these branches are located at Metros and 2 of them at unbanked rural areas. The new branches include Mehdipatnam in Telangana, Bangalore / Thanisandra in Karnataka, Kanpur Ashok Nagar in Lucknow, Jabalpur in Madhya Pradesh, Sirunesalur and Mathandakuppam in Tamil Nadu. The Bank has so far opened 44 branches this financial year till date which are equipped with ATMs, Safe deposit lockers, state-of-the-art platforms such as Fed-e-studio etc. and intends to open many new branches in this fiscal year.

Speaking on the occasion, Nandakumar V, Executive Vice President and Head-Branch Banking, Federal Bank said, “We see our branches occupying mind space in key geographies. We are consciously balancing our presence across all tiers of cities. The response to our systemic expansion has helped us scale and strengthen multiple businesses.”