Federal Bank to add 100 more branches in 2013

Federal Bank would add another 100 branches to its current 1,067 branches across the country this year, a top bank official said on Friday.

The bank has plans to take the branches to 175 from the present 120 in Tamil Nadu, with a business of Rs 7,105 crore representing 7.36 per cent of the Bank’s total business, in the same period, M Manoharan, DGM and Head of the Chennai Zone, Federal Bank, told reporters here.

Manoharan, here to launch 21 branches located in rural unbanked areas across Tamil Nadu, said Tamil Nadu being the preferred destination, another 25 branches would be added by June 2013 and by 2013-end, it would be 175 branches in the State, including tier-two and three towns.

With the addition of 21 branches, the bank today joined hands with Tamil Nadu Agricultural University as sponsors to impart training on Hi-tech Banana cultivation in the State, he said.

The bank proposed to impart training in many other crops in Hi-Tech cultivation across Southern States, Manoharan said.