Federal Bank, one of India's leading banks; and MindEscapes, India's premier thought-led innovation center, located in Nilgiris, Tamil Nadu; to provide collateral free low cost loans and grants to Startups in Tamil Nadu.

Federal Bank (NSE: FEDERALBNK) is a leading Indian private sector bank with a network of around 1,323 banking outlets and 1,876 ATMs/Recyclers spread across the country.

Federal Bank signed a Memorandum of Understanding (MOU) with JCB India, a leading manufacturer of Earthmoving and Construction equipment today. This arrangement will boost the financing options for JCB’s customers in India.

Federal Bank today opened 6 more branches. 4 of these branches are located at Metros and 2 of them at unbanked rural areas.

Mumbai 20/09/2022 – Last week, Reserve Bank of India, permitted foreign inward remittances to be received under the rupee drawing arrangement (RDA) through the Bharat Bill Payment System (BBPS).