Federal Bank has launches five new branches in the Northeast region of India to expand its presence. These branches are located in Bijoyanagar (Assam), Dharmanagar (Tripura), Karimganj (Assam), Kolasib (Mizoram) and Naharlagun (Arunachal Pradesh), marking a substantial step forward in the bank’s commitment to serve the diverse financial needs of this region.
The digital inauguration was done by Shyam Srinivasan, MD & CEO, Federal Bank. The virtual inauguration took place in the presence of the senior management, staff and customers.The Bank would have opened 1500 banking outlets by 31st March 2024.
Sabu R S, Senior Vice President and Zonal Head, Kolkata Zone, Federal Bank post the inauguration said, “This year is significant to us as the Bank has completed 50 years of presence in this region and we aim to expand our network bringing the bank’s advanced financial services and products closer to its customers.” Federal Bank aims to provide financial tools and resources to individuals and businesses, while also being a responsible community partner, participating in initiatives supporting local development and wellbeing, by expanding its reach.
