Federal Bank Limited is an Indian private sector bank headquartered in

Aluva Aluva (; also known by its former name Alwaye) is a town in the Ernakulam District in Kerala, India. It is a part of the Kochi metropolitan area and is situated around from the city center on the banks of Periyar River. A major transpor ...

Kochi Kochi (), also known as Cochin ( ) ( the official name until 1996) is a major port city on the Malabar Coast of India bordering the Laccadive Sea, which is a part of the Arabian Sea. It is part of the district of Ernakulam in the state of K ...

Kerala Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South ...

. The bank has 1,336 branches spread across different states in India. It also has representative offices abroad in

Abu Dhabi Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the capital and second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Metropolitan Area. ...

Qatar Qatar (, ; ar, قطر, Qaṭar ; local vernacular pronunciation: ), officially the State of Qatar,) is a country in Western Asia. It occupies the Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it sh ...

Kuwait Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to the nort ...

Oman Oman ( ; ar, عُمَان ' ), officially the Sultanate of Oman ( ar, سلْطنةُ عُمان ), is an Arabian country located in southwestern Asia. It is situated on the southeastern coast of the Arabian Peninsula, and spans the mouth of t ...

, and

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...

. With a customer base of over 10 million, including 1.5 million NRI customers and a large network of remittance partners around the world, Federal Bank handled more than 15% of India's total inward remittances of billion in 2018. The bank has remittance arrangements with more than 110 Banks/Exchange Companies around the world. The bank is also listed in the

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in ...

National Stock Exchange of India National Stock Exchange of India Limited (NSE) is the leading stock exchange under the ownership of various group of domestic and global financial institutions, public and privately owned entities and individuals. It is located in Mumbai, Mah ...

and

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and has a branch in India's first International Financial Services Centre (IFSC) at the

GIFT City Gujarat International Finance Tec-City (GIFT City) is central business district under-construction in Gandhinagar and Ahmedabad in Gandhinagar district in Gujarat, India. It is India's first operational greenfield smart city and international ...

History

The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorized capital of at

Nedumpuram Nedumpuram is a village in Tiruvalla, Pathanamthitta district in the state of Kerala, India.It Comes Under Thiruvalla Sub-District & Thiruvalla Constituency. Nedumpuram is the birthplace of Federal Bank. The Federal Bank Limited (the erstwh ...

, a place near

Thiruvalla Thiruvalla, alternately spelled Tiruvalla, is a town in Kerala and the Headquarters of the Taluk of the same name located in Pathanamthitta district in the State of Kerala, India. The town is spread over an area of . It lies on the banks of ...

in Central Travancore on 23 April 1931 under the Travancore Companies Act. It started business of auction-chitty and other banking transactions connected with agriculture and industry. The bank was named Federal Bank Limited on 2 December 1949, after completing the formalities of

Banking Regulation Act, 1949 The Banking Regulation Act, 1949 is a legislation in India that regulates all banking firms in India. Passed as the Banking Companies Act 1949, it came into force from 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966. ...

. It is considered as one of the major Indian commercial banks in the private sector having more than thousand branches and ATMs spread across different States in India. Between 1963 and 1970, Federal Bank took over Chalakudy Public Bank (est. 20 July 1929 in

Chalakudy Chalakudy is a municipal town situated on the banks of Chalakudy River in Thrissur district of the Kerala state in India. It is the headquarters of Chalakudy taluk. It is the base camp for travellers to Athirappilly Falls and Vazhachal Falls. ...

), Cochin Union Bank (est. 1963) in

Thrissur Thrissur (), formerly Trichur, also known by its historical name Thrissivaperur, is a city and the headquarters of the Thrissur district in Kerala, India. It is the third largest urban agglomeration in Kerala after Kochi and Kozhikode, and t ...

, Alleppey Bank (est. 1964;

Alappuzha Alappuzha or Alleppey () is the administrative headquarters of Alappuzha district in States and territories of India, state of Kerala, India. The Kerala Backwaters, Backwaters of Alappuzha are one of the most popular tourist attractions in Indi ...

), St. George Union Bank (est. 1965) in Puthenpally, and Marthandam Commercial Bank (est. 1968) in

Thiruvananthapuram Thiruvananthapuram (; ), also known by its former name Trivandrum (), is the capital of the Indian state of Kerala. It is the most populous city in Kerala with a population of 957,730 as of 2011. The encompassing urban agglomeration populati ...

. The bank launched its initial public offering in 1994. The bank became a Scheduled Commercial Bank in 1970, which also coincided with the Silver Jubilee Year, since the bank commenced its operation in

and is currently the fourth largest bank in

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

in terms of capital base. In January 2008, Federal Bank opened its first overseas representative office in

. In November 2016, Federal Bank opened its second

UAE The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

representative office, in

Sponsorships

*Federal Bank was the Lead Sponsor of

NorthEast United FC NorthEast United FC is an Indian professional football club based in Guwahati, Assam that competes in the Indian Super League, the top flight of Indian football. The club was founded on 13 April 2014 during the inaugural season of Indian Supe ...

in the 2019–20 season of

Indian Super League The Indian Super League (ISL) is an Indian professional league for men's association football clubs. At the top of the Indian football league system, it is the country's primary football competition. Organised by the All India Football Federat ...

Board of directors

Current Board of Directors are: *Mr. C Balagopal –Chairman and Independent Director *Mr.

Shyam Srinivasan Shyam Srinivasan (born 2 February 1962) took charge as the Managing Director & Chief Executive Officer of The Federal Bank Ltd, a major private commercial bank in India, on 23 September 2010. He has spent over 20 years with leading multinationa ...

- Managing Director & CEO *Mr. A P Hota – Director *Mr. Siddhartha Sengupta - Director *CA Manoj Fadnis - Director *Mr. Sudarshan Sen - Director *Ms. Varsha Purandare - Director *Mr. Sankarshan Basu - Director *Mr. Ramanand Mundkur - Director *Mr. Ashutosh Khajuria - Executive Director *Ms. Shalini Warrier - Executive Director

References

Banks based in Kerala Financial services companies based in Kochi Indian companies established in 1931 Banks established in 1931 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange {{India-company-stub

History

Sponsorships

Board of directors

See also

References