Reserve Bank of India (RBI) has granted Federal Bank permission to set up a representative office in Dubai.
The proposed office in Dubai will be the second office of the bank in the UAE. The bank has a representative office in Abu Dhabi.
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Federal Bank noted that the representative office will function as a source of information to NRIs interested in foreign investments in the country, apart from serving the diaspora.
Federal Bank manages a branch network of 1,174 offices and a fleet of 1,371 ATMs across the country.
Formerly known as Travancore Federal Bank, the Federal Bank provides with an array of banking services to retail, commercial and SMEs customers.
