Amidst reports of various computer terminals/ATM Machines falling prey to the Ransomware attack ‘WannaCry’, Federal Bank informs that all the ATM machines owned, managed and operated by the Bank are secure and fully functional. The Bank practices the highest levels of compliance and technology upgradations and is fully equipped to thwart any such attack. The Bank has in place all the required infrastructure to ensure that none of the Bank’s property falls prey to any cyber-attack of this nature which has cast a shadow of gloom over the computer users worldwide.
About Federal Bank:
Federal Bank is a leading Private Sector Bank with a branch network of 1,252 branches and 1,667 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.71 Lakh Crore as at March 31, 2017 and it has earned a net profit of Rs 830.79 Crore. Bank’s Capital to Risk weighted Ratio (CRAR) stood at 12.39% at the end of March 31, 2017.
Federal Bank has its Representative Office at Dubai and Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City).Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well defined vision for the future as a guidepost to its progress. During FY 17 the bank handled around 15 % of the total personal inward remittance to India.