About the Report
Approach to Reporting
Through this Report, we, at Federal Bank, aim to offer our stakeholders a comprehensive view of the organisation’s capacity to create value. The Report presents a glimpse into our Bank’s key achievements, strategies, marketing initiatives and material issues emanating from stakeholder engagements and their respective mitigation strategies. It also highlights the risks and opportunities our Bank faces, our governance structure, and our approach to ensuring long-term sustainability.
Reporting Period, Scope and Boundary
The reporting period for this Annual Report is April 1, 2022 to March 31, 2023. It offers a comprehensive overview of our Bank’s significant milestones, a diverse range of offerings, and strategic marketing endeavours that contribute to immense value creation. The Company has not sought any external assurance for the Report.
Approach to Materiality
This report includes information that is material to all stakeholders of our Bank and provides an overview of our business and related activities. The Report discloses matters that substantially impact or affect our Bank’s ability to create value and could influence decisions of providers of financial capital. In FY 2022-23, our Bank conducted a materiality assessment in line with GRI requirements through consultations with internal stakeholders.
Forward-looking Statements
Certain statements in this Report regarding our business operations may constitute forward-looking statements. These include all statements other than statements of historical fact, including those regarding the financial position, business strategy, management plans and objectives for future operations. Forward-looking statements can be identified by words such as ‘believes’, ‘estimates’, ‘anticipates’, ‘expects’, ‘intends’, ‘may’, ‘will’, ‘plans’, ‘outlook’ and other words of similar meaning in connection with a discussion of future operating or financial performance.
Forward-looking statements are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and that may be incapable of being realised and as such, are not intended to be a guarantee of future results, but constitute our current expectations based on reasonable assumptions. Actual results could differ materially from those projected in any forward-looking statements due to various events, risks, uncertainties and other factors. We neither assume any obligation nor intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Feedback Channel
For any suggestions, views and opinions related to this Report, please reach out to secretarial@federalbank.co.in
