November 2022, Mumbai: Federal Bank today opened 6 more branches. 4 of these branches are located in Metros and 2 of them at unbanked rural areas. The new branches include Mehdipatnam in Telangana, Bangalore / Thanisandra in Karnataka, Kanpur Ashok Nagar in Lucknow, Jabalpur in Madhya Pradesh, Sirunesalur and Mathandakuppam in Tamil Nadu. The Bank has so far opened 44 branches this financial year till date which are equipped with ATMs, Safe deposit lockers, state-of-the-art platforms such as Fed-e-studio, etc. and intends to open many new branches in this fiscal year.
Speaking on the occasion, Nandakumar V, Executive Vice President, and Head-Branch Banking, at Federal Bank said, “We see our branches occupying mind space in key geographies. We are consciously balancing our presence across all tiers of cities. The response to our systemic expansion has helped us scale and strengthen multiple businesses.”