RBI has imposed a penalty of Rs 5.72 crore on Federal Bank for deficiencies in regulatory compliance and Rs 70 lakh on Bank of India for non-compliance with certain provisions of Know Your Customer (KYC) norms and instructions on 'compliance function in banks' issued ...

Federal Bank has joined hands with India's first standalone health insurance company, Star Health and Allied Insurance Co Ltd as a corporate agent to provide a wide range of innovative health insurance products for the Bank's 8.90 million customers spread over 1,291 banking outlets across the ...

Federal Bank, as part of its women empowerment agenda, launched a feature-rich Savings Bank product for women. The savings scheme is called Mahila Mitra Plus and provides a curated set of features, designed to make financial planning and investments easy for women. Notable features of Mahila ...