Trivandrum: Kerala based Federal Bank opened its 1250th branch at Sasthamangalam in Thiruvananthapuram today. The branch was inaugurated by HH Pooyam Thirunal Gouri Parvathi Bayi Thampuratty.
Swami Mokshavradananda, Adhyaksha of Sree Ramakrishna Mission, Trivandrum Centre inaugurated the on-site ATM and G Suresh Kumar, Sasthamangalam Ward Councillor inaugurated the Locker facility available at the branch. James V Y, DGM & Thiruvananthapuram Zonal Head, Federal Bank presided over the function which was attended by customers and senior Bank officials that included Kuriakose Conil, AGM, Thiruvananthapuram & Regional Head and Rajesh R, Branch Head.
With its headquarters at Aluva, Federal Bank is a leading Private Sector Bank with a branch network of 1,250 branches and 1,509 ATMs spread across the country. According to a press note, the Bank’s total business mix (deposits + advances) stands at Rs 1.22 Lakh Crores as on March 31, 2015 and it has earned a net profit of Rs 1,005.75 Crores.
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.
Kerala Biz News