Federal Bank's newpremises for its Chennai administrative offices inaugurated by Hon'ble Finance Minister Dr.Palanivel Thiaga Rajan

Hon'ble Finance Minister Dr.PalanivelThiaga Rajan inaugurated the shifting of the Mount Road Branch, Zonal Office, Collection & Monitoring Departments, Credit Hubs and Wholesale Banking Units of Federal Bank at Akshaya Shanti, Mount Road, Chennai. The new premises was inauguratedin the presence of C Balagopal, Chairman of the Board of the Bank, Shyam Srinivasan, MD & CEO, Harsh Dugar, Group President & Country Head, Wholesale banking, Venkatraman Venkateswaran, Group President & CFO, Eqbal Manoj, Senior Vice President and Zonal Head and other dignitaries from the Bank, well-wishers, customers and other guests.

Speaking on the occasion, Hon'ble Finance Minister emphasized that the revenue deficit of the state has reduced and stressed that it is important for the government and banks to work together to make a change in the economy.

The consolidation of all administrative Offices in Chennai to a single-owned prime location marks the aspiration of Federal Bank to increase its market share in Tamil Nadu.

Shares of The Federal Bank Limited was last trading in BSE at Rs. 131.00 as compared to the previous close of Rs. 132.20. The total number of shares traded during the day was 152446 in over 2074 trades.

The stock hit an intraday high of Rs. 132.35 and intraday low of 130.75. The net turnover during the day was Rs. 20025657.00.

Source : Equity Bulls

Keywords

TheFederalBank INE171A01029 ZonalOffice Chennai