NSE Clearing Ltd Empanels Federal Bank for Accepting e-FDRs – 18th September 2019

NSE Clearing Ltd Empanels Federal Bank for Accepting e-FDRs – 18th September 2019

Federal Bank’s New Branch at Velachery Opened

Chennai, September, .2019: Inauguration of Federal Bank’s new Branch at Velachery, near Sub Registrar Office was held today. Shri. Shyam Srinivasan, MD & CEO, Federal Bank inaugurated the new branch. Dr. Marlene Mo rais, former Principal and Advisor to the Management of Guru Nanak College, Velachery inaugurated ATM cum CDM . Prof. Dr. MB Aswath Narayanan, Chief Civil Surgeon and Head – Public Health Dentistry, TN Govt. Dental College and Hospital Chennai inaugurated safe deposit lockers. Thiru Thenkasi S Jawajar, IAS, Principal Secret ary and Commissioner, Department of Treasuries and Accounts, Govt. of Tamilnadu was the Guest of Honor. Sh ri. Eqbal Manoj, Vice President and Chennai Zonal Head, Federal Bank presided over the meeting. The function was attended by Shri. Rajeev V C, Deputy Vice President and Chennai Regional Head, Federal Bank, Shri. Venkat asivasreenivasarao, Senior Manager and Velachery Branch Head, Federal Bank, other employees of Federal Ba nk and invited guests of the Bank. The branch has started functioning from the spacious premises at No 20, 3rd Main Road, Rajalakshmi Nagar, Velachery. The branch will offer various deposit, investment and loan products to resident, NRI and business customers.

 Anand Chugh

Vice President (Marketing and Investor Relations)         

About Federal Bank:

Federal Bank is a leading private sector bank with a branch network of 1,251 branches and 1,934 ATMs/Recyclers spr ead across the country. The Bank’s total business mix (deposits + advances) stood at Rs 2.46 Lakh Crore as at March 31, 2019 and it has earned a net profit of Rs. 1,244 Crore for FY19. The Capital Adequacy Ratio (CRAR) of the Bank, comp uted as per Basel III guidelines, stood at 14.14%. Federal Bank has its Representative Offices at Dubai and Abu Dhabi that serve as a nerve centre for NRI customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat Int ernational Finance Tec-City (GIFT City). Federal Bank is transforming itself, keeping its principles intact, into an orga nization that offers services beyond par. It has a well defined vision for the future as a guidepost to its progress.