Federal Bank Completes 50 Glorious Years at Hyderabad
Varahi Media.com online news,Hyderabad, August 8, 2024: Federal Bank, a leading private sector bank in India, today celebrated a momentous milestone – 50 years of its presence in the
Varahi Media.com online news,Hyderabad, August 8, 2024: Federal Bank, a leading private sector bank in India, today celebrated a momentous milestone – 50 years of its presence in the dynamic city of Hyderabad. Over the past five decades, the Bank has witnessed remarkable growth, expanding its footprint across Telangana and solidifying its position as a trusted financial partner to individuals and businesses alike.
Federal Bank has expanded its network to encompass 37 branches in Telangana, offering a comprehensive range of banking services. The Bank’s commitment to the region is evident in its dedicated Corporate Institutional Banking (CIB), Commercial Banking (COB), Treasury Sales, and Centralised Retail Credit Hub (CCSC) teams, strategically located in Hyderabad. To cater to the growing corporate clientele, a specialized Large Corporate Relationship Division (LCRD) and a Corporate Salary team have also been established.
Beyond corporate banking, Federal Bank has made significant strides in the retail segment with a dedicated Retail Sales team focused on home and car loans. The Bank’s presence extends to the critical areas of rural and agricultural development with an extended arm of the Centralised Retail Credit Hub (CRCH) Bangalore and a dedicated Regional Credit Hub (RCH) team in Hyderabad.
With a loan book of close to Rs. 10,500 Crore in Hyderabad, Federal Bank has primarily focused on retail banking, establishing multiple outlets across the city. The Bank has also been an active participant in the Central Government’s financial inclusion initiatives.
Looking ahead, Federal Bank is poised for further expansion. The Bank plans to open 10 to 12 new branches this year, followed by a similar number next year. With a vision to become a full-fledged Zone for Andhra Pradesh and Telangana in the near future, the Bank is confident of its ability to contribute significantly to the region’s economic growth.
Dileep B, Senior Vice President and Zonal Head, Federal Bank expressed his gratitude to the people of Hyderabad, “The Bank remains committed to delivering exceptional financial solutions and contributing to the city’s progress and prosperity. Thank you for the unwavering support and trust placed in us.”
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