Federal Bank’s Northeastern expansion bridges financial gaps with 5 new branches

Federal Bank’s latest endeavor marks a significant milestone in its journey to empower communities across the Northeast. With the inauguration of five new branches in Bijoyanagar (Assam), Dharmanagar (Tripura), Karimganj (Assam), Kolasib (Mizoram), and Naharlagun (Arunachal Pradesh), the bank is poised to redefine accessibility to financial services in the region.

The digital inauguration, led by Shyam Srinivasan, MD & CEO of Federal Bank, symbolizes a fusion of innovation and inclusivity. By leveraging technology, Federal Bank is not only expanding its physical presence but also breaking down barriers to financial inclusion.Sabu R S, Senior Vice President and Zonal Head, Kolkata Zone, Federal Bank, emphasized the bank’s commitment to understanding and addressing the unique needs of Northeastern communities. “Our aim is not just to establish branches, but to become integral to the fabric of these communities by offering tailored solutions and support,” he stated.

Federal Bank’s ambitious goal of reaching 1500 banking outlets by the close of fiscal year 2024 reflects its unwavering dedication to fostering growth and development. 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 as a beacon of stability in an ever-evolving financial landscape.

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