NEWS & ADVICE : SAVINGS ACCOUNTS
Federal Bank planning to roll out more branches outside Kerala
By Vaibhav Aggarwal
Sep 29, 2014
Print    Email    RSS   

With the aim to expand its banking network all over the country, Federal Bank has decided to establish more branches in Maharashtra, Punjab, Gujarat and Bengal. The Executive director of the bank Mr. Abraham Chacko stated that more than half of the branches of the bank are outside Kerala.

In the last 1 year bank has added nearly 300 new branches. Earlier there were 950 new branches, now it has reached to 1,203 branches. Earlier the maximum of the growth of the bank was from the Kerala but now the deposit growth from the other areas has increased as well. In addition to the setting up of the new branches the Federal Bank is also focusing on recruiting. SMEs, Farm and retail customers.

The bank is putting its effort to establish itself as a well developed national bank. The bank is perceived as a regional bank with Kerala leading in terms of Number of deposits, rate of growth etc. The bank is also having its branches overseas.


(Comments Posted : 1) Post Your Comments
1. We offer fresh cut bank instrument for lease/sale, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and other. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options and we also discount/monetize BG's.
This offer is open to both individuals and corporate bodies.
If in need of our services, contact me for detail information.
Thank you,
Mr.Joe Duane
email:jduane076@gmail.com
Joeduane@consultant.com
joe duane (Posted: Oct 2, 2014)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Steps to file Income Tax return online
Savings account portability: How...
Personal Finance for the 21st century...
Carnival of Indian Personal Finance Blogs #1
Carnival of Indian Personal Finance Blogs #6


ACCOUNT STATEMENT
let me know the last 1month transaction of SBI A/C...
balance inqary
Kya mera ATM card aaya hai
how to change the contact number from old to new
HOW TO GET CIF NUMBER OF SBBJ

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive