MUMBAI, India, Oct. 3, 2023 /PRNewswire/ -- Federal Bank has secured a prestigious spot in the India's Best Workplacesâ„¢ for Women 2023 (Large): Top 10 by Great Place to Work ®. What sets this achievement apart is that Federal Bank is the sole banking institution in India to secure a place in the top 10 list among other multi-national corporations (MNCs).
The recognition reaffirms Federal Bank's commitment to fostering an inclusive and equitable workplace environment, where gender diversity thrives, and employee growth is paramount. Federal Bank's relentless dedication to employee satisfaction is reflected in its high employee retention rates. Employees at Federal Bank are not just part of a workforce; they are integral to the Bank's journey towards excellence. The Bank's supportive culture, encouraging leadership, and numerous employee engagement initiatives have contributed to the organization's impressive retention numbers.
Federal Bank stands out for its exceptional gender ratio of 41%, firmly believing in the strength of diversity. The Bank has consistently promoted gender equality by providing equal opportunities for both men and women across all levels. This commitment has resulted in a workforce that is diverse and representative, contributing to innovative thinking and holistic growth.
Shalini Warrier, Executive Director, Federal Bank expressed her delight, stating, "This recognition is a proud moment for Federal Bank. We have always believed in the power of diversity and the importance of providing a conducive environment for growth and development. Being featured among the top 10 Best Workplaces for Women reflects our commitment to our core value - CARES. We will continue to strive for excellence and set new benchmarks for workplace inclusivity."
Federal Bank has consistently invested in employee development initiatives, including training, mentorship, and leadership programs. These programs empower employees to excel in their roles, realize their full potential, and drive the Bank's success.
About Federal Bank:
Federal Bank (NSE: FEDERALBNK) is a leading Indian private sector bank with a network of around 1,372 banking outlets and 1,914 ATMs/Recyclers spread across the country. The Bank's total business mix (deposits + advances) stood at ₹ 3.87 Lakh Crore as on 31st March, 2023. Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines, stood at 14.81% as on 31st March 2023. Federal Bank has Representative Offices in Dubai and Abu Dhabi that serve as a nerve centre for Non-Resident Indian 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.
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