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Federal Bank launches FederalSkill Academy in Tamil Nadu

19 Sep 2016 Evaluate

Federal Bank, a Kerala based private sector bank has launched its new FederalSkill Academy at Coimbatore (Tamil Nadu), as part of its CSR initiatives. The new academy will be initially providing an in-demand CNC Machine Operator Certificate Course in Milling & Turning, which will be certified by Coindia. The initiative will facilitate underprivileged students to successfully complete the courses, and get employment opportunities both in India as well as abroad.

Students of 18-25 years age, who have passed Plus 2/ITI / Polytechnic/Degree or Engineering dropout students and whose annual family income does not exceed Rs 2 lakh per annum, are eligible to apply for the course. Applicants will be shortlisted based on an aptitude test and interview.

Federal Bank has reported 18.33% rise in its net profit at Rs 167.31 crore for the quarter ended June 30, 2016 as compared to Rs 141.39 crore for the same quarter in the previous year. Total income of the bank has increased by 6.82% at Rs 2250.81 crore for quarter under review as compared to Rs 2107.09 crore for the quarter ended June 30, 2015.

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