Mumbai, November 14, 2016 :Federal Bank is accorded with permission by the Reserve Bank of India to open its Branch at Dubai International Financial Centre. The permission is subject to other approvals from the host regulator, Dubai Financial services Authority. The proposed branch at Dubai will help the Bank serve its NR clientele better. This will be the first international Branch for the Bank.

About Federal Bank:

Federal Bank is a leading Private Sector Bank with a branch network of 1,252 branches and 1,524 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.37 Lakh  Crore as at March 31, 2016 and it has earned a net profit of Rs 475.65 Crore.  Bank’s Capital to Risk weighted Ratio (CRAR) stood at 13.93% at the end of March 31, 2016.  Federal Bank has its Representative Office at Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City).Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well defined vision for the future as a guidepost to its progress.