Federal Bank revolutionizes banking in Northeast with 5 new branches, embraces digital expansion

Federal Bank pioneers a new era of banking in the Northeast with the inauguration of five cutting-edge branches today. Located strategically in Bijoyanagar (Assam), Dharmanagar (Tripura), Karimganj (Assam), Kolasib (Mizoram), and Naharlagun (Arunachal Pradesh), these branches signify a leap forward in digital innovation and accessibility.

Under the visionary leadership of Shyam Srinivasan, MD & CEO of Federal Bank, the digital inauguration heralds a paradigm shift in banking services. By leveraging state-of-the-art technology, Federal Bank is not only expanding its physical presence but also redefining the customer experience.Sabu R S, Senior Vice President and Zonal Head, Kolkata Zone, Federal Bank, emphasized the bank’s commitment to technological advancement. “Our goal is to revolutionize banking by integrating cutting-edge solutions into everyday financial transactions,” he stated, underscoring the bank’s dedication to innovation.

With plans to reach 1500 banking outlets by the close of fiscal year 2024, Federal Bank aims to set new benchmarks in digital banking accessibility. 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 stands poised to lead the digital transformation of banking services in the region, one innovative branch at a time.