Federal Bank expands its reach in Southern India, opens a new branch at Katpadi
This is the 75th new branch of Federal Bank in this fiscal year and 200th in the Bank’s Chennai Zone
Branch Katpadi is entirely staffed by women
Katpadi (Tamil Nadu) [India], March 30: Federal Bank, opened a new branch at Katpadi, taking its total branches to 200 in the combined geographies of Tamil Nadu and Puducherry. This is the 75th new branch opened by the Bank in this Financial Year and will offer a wide range of banking services to customers in the area. Another USP of the branch is, it is entirely staffed by women. The branch was inaugurated by Ms K Sangeetha Kathir Anand, Chairwoman, Kingston Group of Institutions, in the presence of Ms Sujatha Anandakumar, Mayor, Vellore Municipal Corporation, Ms Anitha Sampath, Vice President, Naruvi Hospitals, Nandakumar V, Executive Vice President and Head, Branch Banking, Federal Bank, Eqbal Manoj, Senior Vice President and Head, Chennai Zone, Meenakshi Sundaram V, Assistant Vice President & Area Head, other bank officials and customers. The event was presided by Ms. Shalini Warrier, Executive Director, Federal Bank.
Shalini Warrier, Executive Director of Federal Bank said, “We are excited to announce the opening of our 200th branch in the Southern states of Tamil Nadu and Puducherry. Our expansion here is a testament to our commitment to the people of this region. We are confident that our team in Katpadi will reach out to a wider audience and offer them world-class banking solutions.”
Commenting on the opening of the new branch, Nandakumar V, Executive Vice President and Head, Branch Banking, Federal Bank said “The opening of our 200th branch under Chennai Zone is a significant milestone for us. This geography is an important market for Federal Bank, and we are committed to serving the banking needs of our customers in the state. We believe that our new branch in Katpadi will help us to further strengthen our presence in Tamil Nadu and offer our customers best-in-class banking services. As part of “Azadi ka Amrit Mahotsav” celebrations (75th year of Independence), the bank could open 75 new branches across India.”
The new branch in Katpadi will offer a wide range of banking services, including savings and current accounts, loans, deposits, and other financial products. Customers can visit the branch to avail themselves of these services or can access them through the bank’s online and mobile banking platforms. The bank remains committed to providing innovative banking solutions to its customers and looks forward to serving them in Tamil Nadu and beyond. With the opening of this branch, Federal Bank’s physical network has increased to 1372.Top of Form
Federal Bank (NSE: FEDERALBNK) is a leading Indian private sector bank with a network of around 1,351 banking outlets and 1,896 ATMs/Recyclers spread across the country. The Bank’s total business mix (deposits + advances) stood at â‚¹ 3.69 Lakh Crore as on 31st December, 2022. Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines, stood at 13.35% as on 31st December 2022. Federal Bank has its Representative Offices at Dubai and Abu Dhabi that serve as a nerve centre for Non-Resident Indian customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City). Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par.
If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.