Federal Bank embarked on a journey to bridge financial gaps in the Northeast. Today, the bank inaugurated five new branches in Bijoyanagar (Assam), Dharmanagar (Tripura), Karimganj (Assam), Kolasib (Mizoram), and Naharlagun (Arunachal Pradesh), marking a significant step towards inclusivity and accessibility.
Led by Shyam Srinivasan, MD & CEO of Federal Bank, the digital inauguration was more than just a ceremonial event; it symbolized hope and promise for the region’s residents. For many, it meant access to banking services closer to home, a beacon of opportunity in their communities. Sabu R S, Senior Vice President and Zonal Head, Kolkata Zone, Federal Bank, shared heartfelt sentiments about the bank’s mission. “Our goal is to touch lives and make a difference,” he expressed, reflecting the bank’s deep-rooted commitment to the people of the Northeast.
Federal Bank’s ambitious target of reaching 1500 banking outlets by the end of fiscal year 2024 is not just a number; it represents countless stories of empowerment and progress. With a total business mix of ₹ 4.39 Lakh Crore as of December 31, 2023, and a robust Capital Adequacy Ratio (CRAR) of 15.02%, the bank stands ready to continue its journey of transformation, one community at a time.
