NEWS & ADVICE : PERSONAL LOAN
Federal rolling out representative office overseas
By Vaibhav Aggarwal
Apr 7, 2014
Print    Email    RSS   

In order to expand its network overseas federal Bank is launching its new branch in Dubai. Managing director of the bank reported that they have asked the Apex bank to allow them to have a representative office of the bank in Dubai.

Bank is already having one in United Arab Emirates and is waiting for the RBI’s nod to establish this representative office over there. At present the bank is having 1,142 branches spread across the country. The bank is also exploring the possibility of entering the credit card business in 2015-16 as part of its diversification drive. The bad loans of the bank has dropped from 3.85% to 2.83%. With the expansion of its network the bank will be able to enhance its revenue stream and earn more fee based business.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Loan against Securities: A viable...
Carnival of Indian Personal Finance Blogs #6
Need of Financial inclusion: making the...
Getting the best rates on your personal...
Winning in Emerging Markets by Tarun...


Please send my full loan account numnber
loan no LXXFMX921X970. krishnamoorti giri 7420835341
Dear Sir, DSP Account 31662157970 Veteran Junior...
i need my personal loan track statement
personal loan status of agreement number...
SIR/MADAM MY SELF PRIYA SHARMA PAN CARD FFTPS3791P...

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive