Dec 9: Federal Bank announced the grand inauguration of its 1600th banking outlet in New Delhi, Mansarovar Garden, 141st in the Bank’s New Delhi Zone. The opening of the Mansarovar Garden branch supports Federal Bank’s broader plan to scale its presence in North India, where demand for SME credit, digital banking, relationship banking, and NRI services continues to grow. Delhi NCR contributes meaningfully to the Bank’s retail and SME franchise, driven by strong customer adoption of its digital platforms and personalised service model.
The auspicious inauguration ceremony took place with esteemed dignitaries gracing the occasion. Shri Ashish Sood, Minister for Home, Power, Education & Urban Development, Government of NCT Delhi, inaugurated the branch. Shri Harish Khurana, Member of Legislative Assembly, Moti Nagar Constituency, inaugurated the ATM-cum-CDM. Shri Subhash Sachdeva, Former Member of Legislative Assembly, inaugurated the Strong Room and Safe Deposit Lockers.
The new branch is equipped with modern facilities and cutting-edge technology to offer a seamless banking experience. Federal Bank, now in its ninth decade of operations, continues to expand through a phygital strategy, combining a strong branch network with industry-leading digital capabilities.
Virat Diwanji, National Head Consumer Banking, Federal Bank said,
“The new outlet strengthens our presence in the national capital region, enhancing our ability to serve a rapidly growing and diverse customer base. Our expansion continues to be aligned with our commitment to bring modern, personalised banking closer to customers in high-growth neighbourhoods. We look forward to becoming a valued financial partner for the community.”
Shri Vinod Kumar R, Vice President & Zonal Head New Delhi Zone, Federal Bank, presided over the ceremony. The event was graced by special guests including Shri Virendra Babbar (District President, BJP, Karol Bagh), Dr R N Kalra (CEO & Medical Director, Kalra Hospital), CA Jai Parkash Gulati (Vice Chairman, Keshav Sehkari Bank), Brother Tomy Varghese (Principal, Mount St. Mary’s School, Delhi Cantt), and Shri Chander Bhushan Bajaj (Managing Director, M/s Mohit Minerals Ltd).