Private sector lender Federal Bank is on a branch expansion spree. The lender has set up 66 new branches as well as 34 ATMs all over the country.

The step by the bank marks the celebration of Founders Day by the bank.

According to MD and CEO of the bank, Mr Shyam Srinivasan, 28 branches out of the total 66 have been set up in Kerala and the remaining 38 are located in different parts of the country.

Apart from these, the lender has also come up with revised rates for its fixed deposits having tenor of 66 days.

Also new offers in gold loan, home loan and other segments have been innovated by the bank.