Expanding with 100 New Branches, Focused on Small Business Loans. Read More>>
The bank opened 75 branches last fiscal, with one-third of its loan book dedicated to SMEs, retail, and wholesale loans.
Federal Bank's strategy is to align with the fast-growing SME segment, particularly in Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana.
Over five years, the bank doubled its branch presence from 600 to 1,100, emphasizing its commitment to regional growth.
Federal Bank plans co-lending partnerships with fintech players like Yubi, aiming to expand its SME lending capabilities.
The bank's co-lending agreements will further empower SMEs, aligning with India's growing small business sector.
Federal Bank's expansion and SME focus contribute to economic growth by supporting small businesses in key states.