For Federal Bank, Corporate Social Responsibility (CSR) has been an inherited and inbuilt element of its culture from the day the bank was founded. Our Founder's values and ethos based on trust got embedded in the bank's policies and principles which reflect on its day to day business. CSR in Federal Bank began with the first act of cultivating banking habits in an agrarian society - to effectively utilize idle money for productive purposes.
Creating employment opportunity for a predominantly farming community was phase two. The Bank is a commercial entity. It has to carry out its operations to generate profits to fulfill its responsibility to all stakeholders. But its activities are carried out in the society and it owes to the society for its business prosperity.
While carrying out its activities, Bank is duty bound to ensure that its products and services serve the best interests of the society. Bank has approved a policy for Sustainable Development, which ensures that Bank's activities are conducive to sustainable social welfare. In addition to this, Bank has to directly participate in social activities to help the development of specific areas/segments.
Distribution of scholarships every year to the poor students of following disciplines, through Federal Bank Hormis Memorial Foundation: Medicine, Engineering, Business Management, B.Sc. Nursing and B.Sc. Agriculture.
Running skill academies under the name "Federal Skill Academy". Presently we are at four states Kerala (Kochi), Tamilnadu (Coimbatore), Maharashtra (Kolhapur) and Haryana (Karnal) to impart quality technical education and employment assistance to students coming from economically underprivileged background.
Conducting national level Debating Competition to provide a platform for the college students, to showcase their debating talents that take them forward in the path of self-development.
Scheme "Bandhan" under which each branch could adopt one school in their locality.
Activities- Health care
Federal Bank joined hands with Sree Chithira Thirunal Institute for Medical Science & Technology for setting up a Comprehensive Center for Cognitive Rehabilitation of Children with Neuro disorders. The center aims to provide high quality state of the art and continuing care for children with Neuro Development Disorders
Supporting rehabilitation centers for HIV patients and Cancer patients
Supporting rehabilitation center for Autistic youth
Sponsoring trauma care units including ambulances, counseling centers, Dialysis centers
Sponsoring Old Age Homes, Alzheimer's/Dementia care centers etc.
Partnering with Public Health Services to provide amenities in large Government Hospitals to help the poor.
Federal Bank Hormis Memorial Foundation
Bank has instituted a public charitable trust by name Federal Bank Hormis Memorial Foundation in 1996 to perpetuate the fond memory of late K. P. Hormis, the founder of the Bank. The activities of the Trust are directed towards inculcating better knowledge and awareness in the field of banking through training programmes, focused seminars, awards and so on.