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Business EconomyPosted at: Aug 8 2024 8:00PM


Federal Bank completes 50 glorious years in Hyderabad, to open 10-12 new branches

Hyderabad, Aug 8 (UNI) Federal Bank, a leading private sector bank in India, has celebrated a momentous milestone – 50 years of its presence in the city of Hyderabad on Thursday.
Poised for further expansion, the Bank plans to open 10 to 12 new branches this year, followed by a similar number next year, the bank said in a release here..
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.
The bank has expanded its network to encompass 37 branches in Telangana, offering a comprehensive range of banking services.
With a loan book of close to Rs. 10,500 Crore in Hyderabad, the Bank has primarily focused on retail banking, establishing multiple outlets across the city.
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, the 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.
The Bank has also been an active participant in the Central Government’s financial inclusion initiatives.
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.
Speaking on the occasion, Dileep B, Senior Vice President and Zonal Head, Federal Bank expressed his gratitude to the people of Hyderabad and said “The Bank remains committed to delivering exceptional financial solutions and contributing to the city’s progress and prosperity.''
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