Federal Bank accelerates financial mobility in the Northeast by unveiling five innovative branches today, heralding a new era in banking accessibility and convenience. Strategically located in Bijoyanagar (Assam), Dharmanagar (Tripura), Karimganj (Assam), Kolasib (Mizoram), and Naharlagun (Arunachal Pradesh), these branches represent the bank’s commitment to shaping the future of banking.
Under the visionary leadership of Shyam Srinivasan, MD & CEO of Federal Bank, the digital inauguration symbolizes a shift towards a more interconnected and accessible banking ecosystem. By embracing technology and innovation, Federal Bank is poised to redefine the customer experience and drive financial inclusivity. Sabu R S, Senior Vice President and Zonal Head, Kolkata Zone, Federal Bank, highlighted the bank’s vision for the future of banking. “Our goal is to empower individuals and businesses with seamless access to financial services, irrespective of their location,” he stated, emphasizing the bank’s role in driving financial mobility in the region.
With plans to reach 1500 banking outlets by the end of fiscal year 2024, Federal Bank aims to pave the way for a future where banking services are synonymous with flexibility and convenience. With a robust total business mix of ₹ 4.39 Lakh Crore as of December 31, 2023, and a Capital Adequacy Ratio (CRAR) of 15.02%, the bank is well-positioned to lead the transformation towards a more accessible and inclusive banking landscape in the Northeast.
