|Traded as||NSE: FEDERALBNK
|Industry||Banking and allied industries|
Aluva, Kochi - 683 101,
|Area served||Republic of India|
|Key people||Prof Abraham Koshy (Chairman)|
|Products||Loans, Savings, etc.|
Federal Bank Limited (NSE: FEDERALBNK, BSE: 500469, LSE: FEDS) is a major Indian commercial bank in the private sector, headquartered at Aluva, Kochi, Kerala. It is the fourth largest bank in India in terms of capital base. As of 18 April 2013, Federal Bank has 1124 branches spread across 24 states in India and 1272 ATMs around the country (across 108 metro centres, 224 urban centres, 384 semi-urban locations and 87 rural areas).
In the year 1931, Travancore Federal Bank was inaugurated at Pattamukkil Varattisseril at Nedumpuram, near Thiruvalla, Kerala. The 14 founders included Sri.Pattamukkil Varattisseril Oommen Varghese, his brothers Oommen Chacko, Oommen Kurian, Oommen George and also another person from Thiruvalla, Kavumbhagam Mundapallil Lukose, and others. Oommen Varghese was the Chairman and Oommen Chacko the Manager. After it had functioned for nearly 10 years, the bank's day to day transaction had to be stopped due to the ill-health of the Manager.
Understanding this situation, a lawyer from Perumbavoor named Sri K.P.Hormis and his acquaintances joined together, bought the bank and took over the management. In 1945, they moved the bank's registered office to Aluva and Hormis became the Managing Director. In 1947,the bank's name was shortened from Travancore Federal Bank to Federal Bank. 
In 1964, the bank embarked on a series of acquisitions that would substantially increase its size. It acquired the Chalakudy Public Bank in Chalakudy, the Cochin Union Bank in Thrissur, and the Alleppey Bank in Alappuzha. The next year it acquired the St.George Union Bank in Puthenpally.
In 1968, it acquired the Marthandom Commercial Bank in Thiruvananthapuram. Two years later, in 1970 Federal became a Scheduled Commercial Bank.
In 2006, Federal Bank acquired Ganesh Bank of Kurundwad after the Reserve Bank of India suspended the bank. Established in 1920, Ganesh Bank had its headquarters at Kurundwad, Maharashtra. The bank had a network of 32 branches and its operations were concentrated in Sangli and Kolhapur in Maharashatra and Belgaum in Karnataka. Prior to the merger, Federal Bank had 20 branches in Maharashtra.
In January 2008 Federal Bank opened its first overseas representative office in Abu Dhabi. Then in MarchFederal Bank entered into a joint venture with IDBI Bank and Fortis Insurance International to form IDBI Fortis Life Insurance, of which Federal Bank owns 26 percent.
Federal Bank was the perfect banking partner of Micromax ODI Cricket Series 2012 played between India and Sri Lanka in July–August, 2012. See also
Linking of Aadhaar
As Government of India has decided to introduce ‘Direct Cash Transfer’ (DCT) of various welfare schemes directly to beneficiaries’ bank account which is linked with Aadhaar Number w.e.f. January 1, 2013, Federal Bank customers can link their Aadhaar account
- Federal Bank: About Us
- www.federal-bank.com/uploads/FinancialResults/PRESS_RELEASE%2520JUNE%25202012.pdf Federal Bank Press Release(June)
- Federal Bank's operating profit up 25 per cent The Hindu, Jan 26, 2007
- Business Line-Federal bank to open 100 new branches