Federal Bank, a Kerala-based private sector bank is planning to add another 100 branches to its current 1,067 branches across the country this year. It aims to increase the branches to 175 from the present 120 in Tamil Nadu, with a business of Rs 7,105 crore representing 7.36% of the Bank’s total business, in the current year.
Till the time, the bank had launched 21 branches located in rural unbanked areas across Tamil Nadu, another 25 branches will be added by June 2013 and by 2013-end, it would be 175 branches in the State, including tier-two and three towns.
The bank has inked pact with Tamil Nadu Agricultural University, as sponsors to impart training on Hi-tech Banana cultivation in the State. The bank proposed to impart training in many other crops in Hi-Tech cultivation across Southern States.
