Federal Bank to add 26 new branches

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Mumbai, Mar 25 (UNI) Federal Bank, the leading private sector bank in the country headquartered at Kochi, Kerala, is expanding its branch network to more than 600 centres by opening 26 branches tomorrow.

Speaking to mediapersons today, Bank General Manager Thomas Joseph said the bank's 600th branch at Kazhakuttam in Trivandrum will be inaugurated by Kerala Minister of Finance Thomas Issac.

The Bank plans to grow its business size to Rs 1,00,000 crore and balance sheet size to exceed Rs 80,000 crore by the end of fiscal 2012.

The Bank plans to have a network of 1000 branches, subject to the Branch Authorisation Policy of RBI by end of Fiscal Year 2012, he added.


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