The Federal Bank, India's largest private sector bank, has tied up with Infosys Technologies to provide over

2,50,000 non-resident Indian clients with Internet banking and e-commerce facilities. Infosys is to provide Federal Band with the Net banking platform and e-commerce products by April. An agreement to this effect was signed by Federal Bank chairman K P Padmakumar and Infosys Chief Executive Officer N R Narayana Murthy. According to the Federal Bank-Infosys agreement, BankAway, the e-com platform developed by the Infosys for net-banking initiatives will be used in all Federal Bank branches to provide integrated financial services in both retail and corporate customers. BankAway enables banks to provide one-click access to their bank accounts, trade finance, cash management, bill payment, investment and on-line shopping, among other things. "Our e-initiative is another step to provide customers world class products leveraging into the best of technology from Infosys," Padmakumar told rediff.com. He said the Internet would be a strategic tool for Federal Bank to provide value-added services to its customers, especially those outside India. NRI account holders contribute 45 per cent of Federal Bank's total deposits. Padmakumar disclosed that the bank has set apart Rs 0.32 billion for its Net initiative. "We have adopted information technology as a strategic tool for achieving competitive edge and therefore we have started implementing an ambitious three-year IT strategic plan," he said. The Federal Bank has been a forerunner in technology among the traditional private banks in the country and uses its own automation software, FedSoft, in 130 branches. It has helped the bank offer innovative products and delivery systems such as any-branch banking, tele-banking and customer site terminals. Federal Bank's gross profit zoomed by 205 per cent to Rs 0.76 billion as against Rs 0.25 billion in the third quarter of the financial year ending December 31, 1999. The bank clocked a 50 per cent jump in its net profit to Rs 0.15 billion in the same period.
Interest Rates

Interest rate for SB (Resident) / SB (NRE) / SB (ONR) BASE RATE

3.50%(Daily basis) 9.00% (p.a) w.e.f 10.02.2011

BENCHMARK PRIME LENDING RATE (For loans existing as on 30.06.2010 till next renewal) 15.75% (p.a) w.e.f 10.02.2011

Vision:

Become the dominant numero uno bank in Kerala and a leading player in target markets. Be the trusted partner of choice for target (SME, Retail, NRI) customers. Be a customer-centric organisation setting the benchmarks for service. Offer innovative yet simple products supported by the state-of-the art technology. Have a dynamic and energised workforce with a strong sense of belonging. Deliver top tier financial performance and superior value to stakeholders. Be a role model for corporate governance and social responsibility.

Mission:
Devote balanced attention to the interests and expectations of stakeholders, and in particular:

Shareholders: Achieve a consistent annual post-tax return of at least 20% on net worth. Employees: Develop in every employee a high degree of pride and loyalty in serving the Bank. Customers: Meet and even exceed expectations of target customers by delivering appropriate products and services, employing, as far as feasible, the single-window and 24-hour-seven-day-week concepts, leveraging strengthened branch infrastructure, ATMs, and other alternative distribution channels, cross-selling a range of products and services to meet customer needs varying over time, and ensuring the highest standards of service at all times.

Future:
We are the fourth largest bank in India in terms of capital base and can easily boast of a Capital Adequacy Ratio of 17.23 %, one of the highest in the industry. This along with the existence in a highly regulated environment has helped the bank to tide over the recession with minimum impact to its financial stability.

In fact we have been expanding organically over the past few months. We believe in extending our reach to our customers by making our services available to all, 24x7. We have Branches and ATMs across India in addition to the Representative Office at Abu Dhabi that serves as a nerve centre for the NRI customers in UAE.

We are transforming ourselves, keeping our principles in tact, into an organisation that offers service beyond par. Being in the service industry we are conscious of our surroundings and what happens in the society.

financial highlights of your Bank for the financial year 2009-10 are given below: Rs. in crore Financial Parameters For the year ended March 31, 2010 March 31, 2009 Net Interest Income 1410.83 1,315.46 Fee and Other Income 530.91 515.77 Net Revenue 1941.74 1,831.23 Operating Expenses 676.89 571.45 Profit before Depreciation and Tax 909.73 835.85 Net Profit 464.55 500.49 Profit Brought Forward 21.93 14.62 Total Profit Available for Appropriation 486.48 515.11

Appropriations: Transfer to Statutory Reserves 116.14 125.12 Transfer to Revenue Reserves 208.27 197.25 Transfer to Capital Reserves 8.20 29.75 Transfer to Special Reserves 31.00 11.00 Transfer to Investment Fluctuation Reserve 0.00 0.00 Transfer to Contingency Reserve 0.00 30.00 Proposed Dividend 85.52 85.52 Provision for Dividend Tax 14.21 14.54 Balance Carried Over to Balance Sheet 23.14 21.93 Financial Position: Deposits 36057.95 32,198.19 Advances 26950.11 22,391.88 Total Business (Deposits + Advances) 63008.06 54,590.07 Other Borrowings 1546.76 748.94 Investments 13054.65 12,118.97 Total Assets (Balance Sheet Size) 43675.61 38,850.86 Capital 171.03 171.03 Ratios: Return on Total Assets (%) 1.15 1.48 Return on Equity (%) 10.30 12.13 Earnings Per Share (Rs.) 27.16 29.26 Book Value Per Share (Rs.) 274.24 252.93 Operating Cost to Income (%) 34.86 31.21 Capital Adequacy Ratio (%) 17.27 20.14

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Federal Bank has a bouquet of deposit products to choose from. If you are looking for personal accounts with cheque books facility please opt for Savings Bank Accounts. If you are a business firm or corporate looking for an account to collect your receivables and make payments to your suppliers and creditors choose Current Accounts. If you want to deposit your funds for a period, ranging from a few days to a number of years, you are looking for Term Deposits. Term Deposits with Federal Bank fetches you good return coupled with high security. See link to our credit rating page on the side menu. Term Deposits come in three flavors- Fixed Deposit, Cash certificate and Recurring Deposit Fixed Deposit If you want to withdraw periodical interest accrued in the account opt for Fixed Deposits. Cash Certificate When you do not prefer periodical interest payments, you can get compound interest (ie interest on interest) on your deposit and the principal with interest is payable at the end of the period. Cash Certificates from Federal Bank offers you these features. Recurring Deposits You are person who want to plan for the future but would like to make only systematic small deposits over a period of time, recurring deposits are for you. Federal Bank offers the most convenient Federal Savings Fund (FSF) exactly to meet this requirement. We have yet another recurring deposit, FedSecure, which will give you an in-built insurance cover with very low premium. Check out the features of FedSecure deposit.

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