2021-22
Annual Report
About Federal Bank
Corporate Overview
The ESG Way
Statutory Reports
Financial Statements
Federal Bank: Redefining Banking Digitally and Sustainably
Our Diversified Banking Solutions
Hall of Fame
Performing Sustainably over the Years
Board of Directors
Key Management Team
Corporate Information
Reflecting a Year of Progress
Key Achievements through the Year
Message from the Chairman
Message from the Managing Director and CEO
Towards a Better Tomorrow with Focus on Digital Innovation and Fintech Collaboration
Unleashing the Power of Financial Services with Fintech Partnerships
Towards a Better Tomorrow by Adopting the Right Business Model
Building Long-Term Sustainability,the ESG Way
Environment Operating Responsibly
Social Building a Diverse and High-Performing Team
Social Driving Social Development and Empowerment
Governance Progressing to a Better Future with Strong Governance Practices
Directors’ Report
Management Discussion and Analysis
Corporate Governance Report
Business Responsibility and Sustainability Report
Basel III Disclosures
Form AOC1
Standalone
Consolidated
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Home
About Federal Bank
Federal Bank: Redefining Banking Digitally and Sustainably
Our Diversified Banking Solutions
Hall of Fame
Performing Sustainably over the Years
Board of Directors
Key Management Team
Corporate Information
Corporate Overview
Reflecting a Year of Progress
Key Achievements through the Year
Message from the Chairman
Message from the Managing Director and CEO
Towards a Better Tomorrow with Focus on Digital Innovation and Fintech Collaboration
Unleashing the Power of Financial Services with Fintech Partnerships
Towards a Better Tomorrow by Adopting the Right Business Model
The ESG Way
Building Long-Term Sustainability,the ESG Way
Environment Operating Responsibly
Social Building a Diverse and High-Performing Team
Social Driving Social Development and Empowerment
Governance Progressing to a Better Future with Strong Governance Practices
Statutory Reports
Directors’ Report
Management Discussion and Analysis
Corporate Governance Report
Business Responsibility and Sustainability Report
Basel III Disclosures
Form AOC1
Financial Statements
Standalone
Consolidated
Home
Corporate Overview
Key Achievements through the Year
Key Achievements through the Year
BUILDING ON DIGITAL DOMINANCE, FINTECH COLLABORATIONS AND FUTURE READINESS
50
+
Fintech partnerships
300
+
APIs available
5
+
Channels where API is integrated
230
+
RPA processes running
Tied up with two
Standalone Health Insurance partners
(Star Health Insurance & Aditya Birla Health Insurance)
Went live with three Account Aggregators –
NESL Asset Data Limited, Finvu & Onemoney.
Two integration under process –
Anumati and CAMSFinServ
82.5
%
of new accounts booked from Fintech partnerships
88.17
%
of transactions executed digitally
₹
14,274
Crore
of Mobile Banking volume (for the month of March 2022)
₹
30,568
Crore
of monthly corporate digital products volume
Tied-up with Insuretech partner
Turtlfin
for distributing insurance products digitally and seamlessly with improved operational efficiency
RAISED PRESTIGIOUS FUNDING
₹916 Crore investment by IFC for a 4.99% stake - the first investment by IFC in India aligned to Greening Equity Approach
₹700 Crore raised in rated, listed, fully paid, taxable, redeemable, subordinated, unsecured, non-convertible, Basel III compliant Tier 2 debentures. Total outstanding tier 2 bonds stands at ₹1,000 Crore as on March 31, 2022
WON DISTINGUISHED AWARDS
Finnoviti Awards 2022 – Won prestigious Finnoviti Award instituted by Banking Frontiers for “Fed-E-Studio” the self-service Banking kiosk for customers
Recognized as a Great Place to Work in 2022 by the GPTW® Institute
Won Plaque Award for Excellence in Financial Reporting in Private Sector Banks (including Foreign Banks) category at ICAI Awards 2021
Award for best use of cloud in banking at the 3rd Annual BFSI Technology Excellence Awards 2022
Recognised best mid-sized Bank in the 26th Business Today-KPMG Annual Survey
Best Fintech Adoption Award at the 17th Annual Banking Technology Awards by IBA
Utkrisht Puraskar at the Digi Dhan Awards 2020-21 for overall performance in Digital Payments
Ministry of Electronics and Information Technology (MeitY) Award for achieving 2nd Position for the Digital Payment Performance for the FY 2020-21 among the Indian Banks
‘Private Sector Bank of the Year’ Award (Gold category) at the 20th edition of Outlook Money Awards
Infosys Finacle Client Innovation Awards (mid-size bank segment): Winner across five categories of Corporate Banking Digitization, Customer Journey Reimagination, Modern Technologies-led Innovation, Process Innovation and Product Innovation. Runner up in the category Ecosystem-led Innovation