Federal Bank Ltd.

Federal Bank Ltd.

 

Sales (2007-2008) =Rs.2500 crores (rounded off)

Net profit after tax =Rs.370 crores (rounded off)

CSR Budget= Not Available

 

Karmayog 2008 CSR Rating:  2/ 5

 

CSR activities:

 

Corporate Social Responsibility and Sustainable Development Initiatives are already incorporated in the Bank�s business strategies/policies.

1. The Bank has imposed restrictions on financing industries producing/consuming Ozone Depleting Substances.
2. The Bank has been actively engaged in extending financial inclusion initiatives.
3. The Bank is actively involved in extending finance to Self-Help Groups (SHG) through direct financing route and through NGOs/MFIs.
4. The Bank has already taken up a credit-plus program called �Samrudhi�, which was expanded to 26 more villages during last financial year, taking the total number to 36, through the Community Development Societies (CDS) promoted by the Kerala State Poverty Eradication Mission (Kudumbashree) and other agencies. The initiative encompasses total banking support to the village population by careful identification of their needs and augmenting sustainable development of villages using the locally available skills and resources in cooperation with the local self-governments.
5. The Bank has also plans to extend �Samrudhi� to more panchayats during the current financial year.
6. The Bank was adjudged as the best performing Bank in Ernakulam District under the Kudumbashree microcredit programme of the Kerala State Poverty Eradication Mission.

 

Sponsoring social charitable initiatives

The Bank has been associating with social and charitable initiatives for the betterment of the society at large.

Some of the philanthropic activities the Bank associated with during the last FY are:

1. a) Federal Bank � YMCA Training & Guidance Centre at Vythiri, Wayanad
2. b) Ambulance access for all
3. c) Computers and accessories for Aluva Sub Jail
4. d) Ambulance to old age home

 

 

 

Source:  Annual Report �07-08 pg 21/ 22

 

 

 

Contact Information:

Federal Bank Ltd.

Federal Towers

Aluva – 683 101

Kerala

Phone        : 484-2623620 to 29,

Fax         : 484-2622672

E-mail        : helpdesk@federalbank.co.in

Website     : www.federal-bank.com/

 

 

Industry Sector: Bank-Private Sector

 

Products / Services:  Banking

 

Other locations of factories / offices:  Branches all over the country