Date:26/03/2008 URL: http://www.thehindu.com/2008/03/26/stories/2008032656221600.htm

Business - Briefly

Federal Bank to open 26 new branches

NEW DELHI: Federal Bank on Tuesday announced a major expansion of its operations, including opening of 26 new branches in Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Haryana, West Bengal and Goa. Addressing a press conference here, Deputy General Manager and Regional Head P. Zacharias said that besides expansion, the bank had formed a life insurance joint venture, IDBI Fortis Life Insurance Company.— Special Correspondent