Federal Bank has achieved a significant milestone with the grand opening of its 1600th banking outlet in the country. The new branch is located in Mansarovar Garden, New Delhi, and represents the 141st outlet in the bank's New Delhi Zone.
Strategic Expansion in North India
The launch of the Mansarovar Garden branch is a key part of Federal Bank's larger strategy to increase its footprint across North India. The region is witnessing rising demand for several banking services, which the bank aims to capture. This includes credit for small and medium enterprises (SME), digital banking solutions, personalised relationship banking, and specialised services for Non-Resident Indians (NRIs).
The Delhi National Capital Region (NCR) is already a substantial contributor to the bank's retail and SME portfolio. This growth is fueled by strong customer uptake of its digital platforms and its focus on providing customised service.
A Grand Inauguration Ceremony
The branch opening was a notable event, attended by several dignitaries. Shri Ashish Sood, Minister for Home, Power, Education & Urban Development in the Government of NCT Delhi, formally inaugurated the new branch.
Other key inaugurations included Shri Harish Khurana, MLA for the Moti Nagar Constituency, who launched the ATM-cum-Cash Deposit Machine (CDM). Shri Subhash Sachdeva, former Member of the Legislative Assembly, inaugurated the Strong Room and Safe Deposit Lockers facility.
The ceremony was presided over by Shri Vinod Kumar R, Vice President & Zonal Head for the New Delhi Zone at Federal Bank. The event also saw the presence of other special guests from the political, business, medical, and educational sectors of the city.
Modern Banking for a Growing Community
The newly inaugurated branch is outfitted with contemporary facilities and advanced technology designed to provide customers with a smooth and efficient banking experience. This opening aligns with the bank's 'phygital' approach—a blend of physical network expansion and robust digital offerings—as it operates in its ninth decade.
Virat Diwanji, National Head of Consumer Banking at Federal Bank, commented on the launch. He stated that the new outlet bolsters the bank's presence in the national capital region, enabling it to better serve a rapidly expanding and diverse customer base. He emphasised that the expansion reflects the bank's commitment to bringing modern, personalised banking closer to customers in high-growth neighbourhoods, aiming to become a valued financial partner for the local community.
Federal Bank, a major Indian private sector bank, reported a total business mix (deposits plus advances) of ₹5.33 Lakh Crore as of September 30, 2025. Its Capital Adequacy Ratio (CRAR) under Basel III guidelines was a healthy 15.71% on the same date. The bank maintains Representative Offices in Dubai and Abu Dhabi to cater to NRI customers in the UAE and operates an IFSC Banking Unit in GIFT City, Gujarat.
