Federal Bank has received Global CSR Award for Best Corporate Social Responsibility Practice Overall. The award was received by deputy general manager of the bank, from Union Minister of Corporate Affairs.
The award is a reflection of the bank's initiatives to treat the society as an integral stakeholder and is a testimony of the various steps taken by the bank in the fields of healthcare, education, and development of agricultural infrastructure.
Recently, the bank had invited applications for the foundation's scholarships for the year 2011-12 through its public charitable trust, Fedbank Hormis Memorial Foundation. The bank had taken this initiative to perpetuate the fond memories of its founder K P Hormis.
