Federal Bank Awarded ISO 27001:2005 Certification

The Information Technology Division of Federal Bank was conferred upon the prestigious ISO 27001:2005 certification by British Standards Institution (BSI), the international certification agency. Each of the individual Departments of the IT Division viz. Data Centre, Disaster Recovery Centre, Command centre, Near DR and ATM Switch was found to satisfy the international protocol set for establishing, implementing, operating, monitoring, reviewing, maintaining and improving an Information Security Management System (ISMS). The bestowal of ISO 27001 certification upon the IT Dept of the Bank enhances the confidence of all the stake holders of the bank over its commitment to their security as it conveys the message that their sensitive data is managed under the highest standards of  safeguards, policies and procedures. Ernst & Young worked as the consultant partner for Federal Bank in applying for the certification. 

The ISO 27001:2005 certificate was handed over to Mr. Shyam Srinivasan, MD & CEO of the Bank by Mr. Venkataram Arabolu, MD of British Standards Institution (BSI) in a function held at the Corporate Office of the Bank at Aluva on 25-11-2014. Receiving the certificate Shri. Srinivasan observed: “This certification proclaims to the world Federal Bank’s commitment to excellence and its dedication to deliver the best to its customers.”

About Federal Bank:

Federal Bank is a leading Private Sector Bank with a branch network of 1219 branches and 1,462 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at  Rs 1.03  Lakh  Crore as at March 31, 2014 and it has earned a net profit of Rs 838.89 Crore.  Its Capital to Risk weighted Ratio (CRAR) stood at 15.14% at the end of March 31.  Federal Bank has its Representative Office at Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well defined vision for the future as a guidepost to its progress.

For further enquiries please visit: www.federalbank.co.in