Corporate Social Responsibility

 

 

Overview

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.
 
 

 

Results: Federal Bank Hormis Memorial Foundation Scholarship 2023-2024 Download
Annual Action Plan FY 2023-24 Download
CSR Policy FY 2023-24 Download
CSR Annual Report for the year ended on 31.03.2023 Download
CSR Annual Report 2021-22  Download
CSR Annual Report 2019-20  Download
CSR Annual Report 2018-19 Download
CSR Annual Report 2017-18 Download
CSR Annual Report 2016-17 Download

 

Activities- Education & Skill Development

  • 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 six states (7 centers) Kerala (Kochi), TamilNadu (Coimbatore), Maharashtra (Kolhapur), Haryana (Faridabad), Karnataka (Belgavi), Tamil Nadu ( Ambattur) and Andhra Pradesh ( Vijayawada) to impart quality technical education and employment assistance to students coming from economically underprivileged background.
  • Speak for India - A national level debating competition which provides a platform for the college students, to showcase their debating talents that take them forward in the path of self-development.
  • A state-of-the-art Computer Lab dedicated to Artificial Intelligence coaching was established at Vimala Central School, Karamcodu.

Activities- Health care

  • Following the success of 'Sanjeevani – A Shot Of Life', India’s largest private vaccination drive to boost COVID-19 vaccine awareness in 2021, News18 and Federal Bank Hormis Memorial Foundation partnered again to uplift societal health through its reach across the country. Federal Bank joined hands with TV 18, Assam Cancer Care Foundation & Tata Cancer Care Foundation to create awareness and break the chains of stigma & fear surrounding cancer which claims a lot of lives every year.
  • A Medical Oxygen Generator Plant was donated under Federal Bank’s CSR initiative and was inaugurated on 21st Feb 2024 at the Sivagiri Sree Narayana Medical Mission Hospital.
  • A Microbial Identification & Antimicrobial Susceptibility Testing equipment which will be used to enhance the medical facilities being provided to the patients at St. Martha’s Hospital, Bengaluru.
  • An ambulance was sponsored to the Vengola Grama Panchayath to be used in case of emergencies for downtrodden people in the Panchayath area.

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.

Read more about Federal Bank Hormis Memorial Foundation

E.C.H.O- The Monthly CSR Bulletin

Our mission for societal transformations, here are a few glimpses of our ground actions.