Kochi: Federal Bank has dedicated the Federal Skill Academy to the nation. The Skill Academy that the Bank opened at Kochi as part of its CSR activities was jointly inaugurated by Harish H Engineer, Director of Federal Bank and Shyam Srinivasan, MD & CEO of Federal Bank.
Balachandran, Chairman of SB Global Education Resources Pvt. Ltd.; Thampy Kurian, General Manager (HR) of Federal Bank; Raju Hormis, CSR Head of Federal Bank, and other dignitaries were present on the occasion.
The initiative will facilitate underprivileged students to successfully complete courses with international certification and make them employable for opportunities both in India and abroad. Through this initiative, the Bank will become part of the skill development mission initiated by Government of India to up-skill millions of students and make India a hub for skilled workforce.
Federal Bank has tied up with SB Global Education Resources as its implementing partner for the project in Kerala.
Meanwhile the Bank today announced its unaudited financial results for the quarter ended 30th September 2015. On a Y-o-Y basis, total business increased by 10.28% and total deposits increased by 14.28%.
The Bank registered an operating profit of Rs. 336.57 crores and a net profit of Rs. 161.28 crores for the quarter ended 30th September 2015. The operating profit and net profit for the half year ended 30th September 2015 stood at Rs. 703.78 Cr and Rs. 302.67 Cr respectively.
Kerala Biz News