Federal Bank

Last updated


Federal Bank Limited
Type Public
BSE:  500469
Industry Banking
Financial services
  • 23 April 1931;91 years ago (1931-04-23)
    (as Travancore Federal Bank) at Nedumpuram, Thiruvalla
  • 2 December 1949;73 years ago (1949-12-02)
    (as Federal Bank)
Founder K. P. Hormis [1]
Headquarters Aluva, Kochi, Kerala, India
Number of locations
1,336 branches (2021)
Key people
Shyam Srinivasan
(MD & CEO)
RevenueIncrease2.svg15,142.16 crore (US$1.9 billion) (2020) [2]
Increase2.svg3,204.70 crore (US$400 million) (2020) [2]
Increase2.svg1,542.78 crore (US$190 million) (2020) [2]
Total assets Increase2.svg201,367.39 crore (US$25 billion) (2021) [2]
Number of employees
12,592 (2021) [2]
Capital ratio 14.62% [2]
Website federalbank.co.in

Federal Bank Limited is an Indian private sector bank headquartered in Aluva,Kochi, Kerala. The bank has 1,336 branches spread across different states in India. [2] It also has representative offices abroad in Abu Dhabi, Qatar, Kuwait, Oman, and Dubai. [3]


With a customer base of over 10 million, [2] 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 US$ 79 billion in 2018. [4] The bank has remittance arrangements with more than 110 Banks/Exchange Companies around the world.[ citation needed ] The bank is also listed in the Bombay Stock Exchange, National Stock Exchange of India and London Stock Exchange and has a branch in India's first International Financial Services Centre (IFSC) at the GIFT City. [5]


The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorized capital of ₹5,000 at Nedumpuram, a place near Thiruvalla 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. [6]

The bank was named Federal Bank Limited on 2 December 1949, after completing the formalities of Banking Regulation Act, 1949. 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 [7] took over Chalakudy Public Bank (est. 20 July 1929 in Chalakudy), Cochin Union Bank (est. 1963) in Thrissur, Alleppey Bank (est. 1964; Alappuzha), St. George Union Bank (est. 1965) in Puthenpally, and Marthandam Commercial Bank (est. 1968) in Thiruvananthapuram. The bank launched its initial public offering in 1994.[ citation needed ]

The bank became a Scheduled Commercial Bank in 1970, which also coincided with the Silver Jubilee Year, since the bank commenced its operation in Aluva and is currently the fourth largest bank in India in terms of capital base.[ citation needed ]

In January 2008, Federal Bank opened its first overseas representative office in Abu Dhabi.[ citation needed ]

In November 2016, Federal Bank opened its second UAE representative office, in Dubai. [8]


As of December 2022, the institutional holding at the bank is 70.08%, and the public holding is 29.93%. [9]


Board of directors

Current Board of Directors [11] are:

See also

Related Research Articles

<span class="mw-page-title-main">State Bank of India</span> Indian public sector bank

State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 49th largest bank in the world by total assets and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the fifth largest employer in India with nearly 250,000 employees. On 14 September 2022, State Bank of India became the third lender and seventh Indian company to cross the 5-trillion market capitalisation on the Indian stock exchanges for the first time.

<span class="mw-page-title-main">Bank of Baroda</span> Indian public sector bank

Bank of Baroda is an Indian public sector bank headquartered in Vadodara, Gujarat. It is the second largest public sector bank in India after State Bank of India, with 132 million customers, a total business of US$218 billion, and a global presence of 100 overseas offices. Based on 2019 data, it is ranked 1145 on Forbes Global 2000 list.

<span class="mw-page-title-main">Punjab National Bank</span> Indian public sector bank

Punjab National Bank is an Indian public sector bank based in New Delhi. The bank was founded in May 1894 and is the third largest public sector bank in India, both in terms of its business volumes and its network. The bank has over 180 million customers, 12,248 branches, and 13,000+ ATMs.

<span class="mw-page-title-main">Indian Bank</span> Indian nationalised bank

Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai. It serves over 100 million customers with 39,734 employees, 5,721 branches with 5,428 ATMs and Cash deposit machines. Total business of the bank has touched 1,010,000 crore (US$130 billion) as on 31 March 2022.

<span class="mw-page-title-main">Indian Overseas Bank</span> Indian public sector bank

Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. It has about 3,214 domestic branches, about 4 foreign branches and representative office. Founded in February 1937 by M. Ct. M. Chidambaram Chettyar with twin objectives of specialising in foreign exchange business and overseas banking, it has created various milestones in Indian Banking Sector. During the nationalisation, IOB was one of the 14 major banks taken over by the government of India. On 5 December 2021, IOB got Degidhan Award 2020–21 by Ministry of Electronics & Information Technology for achieving second highest percentage of digital payment transaction among public sector banks. As on 31 March 2022, IOB's total business stands at 417,960 crore (US$52 billion).

UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, established in 1943 in Kolkata. During FY 2020–21, its total business was 3.24 lakh crore. Based on 2020 data, it is ranked 80 on the Fortune India 500 list. UCO Bank was ranked 1948 in Forbes Global 2000 list of year 2018. As of 30 March 2017 the bank had 4,000 plus service units 49 zonal offices spread all over India. It also has two overseas branches in Singapore and Hong Kong. UCO Bank's headquarters is on BTM Sarani, Kolkata.

<span class="mw-page-title-main">National Bank of Pakistan</span> Government-owned commercial bank in Pakistan

National Bank of Pakistan (NBP) (نیشنل بینک آف پاکستان) is a Pakistani government-owned multinational commercial bank which is a subsidiary of State Bank of Pakistan. It is headquartered in Karachi, Pakistan. As of September 2020, it has 1,511 branches across Pakistan with assets of approximately USD 20.2 billion.

State Bank of Travancore (SBT) was a major Indian bank headquartered in Thiruvananthapuram, Kerala, and was a major associate of State Bank of India.

Union Bank of India, commonly referred to as Union Bank or UBI, is an Indian public sector bank headquartered in Mumbai. It has 120+ million customers and a total business of US$106 billion. After the merging with Corporation Bank and Andhra Bank, which came into effect on 1 April 2020, the merged entity became the one of the largest PSU banks in terms of branch network with around 8700+ branches. Four of these are located overseas in Hong Kong, Dubai, Antwerp, and Sydney. UBI also has representative offices at Shanghai, Beijing and Abu Dhabi. UBI operates in the United Kingdom through its wholly owned subsidiary, Union Bank of India (UK). The bank has a network of 8700+ domestic branches, 11100+ ATMs, 15300+ Business Correspondent Points serving over 120 million customers with 75000+ employees.

<span class="mw-page-title-main">Allahabad Bank</span> India national bank

Allahabad Bank was an Indian nationalised bank with its headquarters in Kolkata, India. Founded in Allahabad in 1865 and nationalized by the government of India in 1969, the bank provided banking and financial services for 155 years until it was merged with Indian Bank in 2020. It was the oldest still running joint stock bank in India until it's merger.

The IDBI Bank Limited is a development finance institution under the ownership of Life Insurance Corporation of India and Government of India. It was established in 1964 as Industrial Development Bank of India, a development finance institution, which provided financial services to industrial sector. In 2005, the institution was merged with its commercial division, IDBI Bank, forming the present-day banking entity and was categorised as "other development finance institution" category. Later in March 2019, Government of India asked Life Insurance Corporation to infuse capital in the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. IDBI was put under Prompt corrective action of the RBI and on 10th March 2021 IDBI came out of the PCA. At present direct and indirect shareholding of Government of India in IDBI Bank is approximately 95%, which Government of India (GoI) vide its communication F.No. 8/2/2019-BO-II dated December 17, 2019, has clarified and directed all Central/State Government departments to consider IDBI Bank for allocation of Government Business. Many national institutes find their roots in IDBI like SIDBI, EXIM, National Stock Exchange of India, SEBI, National Securities Depository Limited.

Karnataka Bank Limited is an Indian private sector bank based in Mangalore. It is an 'A' Class Scheduled Commercial Bank with a network of 898 branches, 1 extension counter, 885 ATMs, 563 cash recyclers and 546 e-lobbies/mini e-lobbies across 22 states and 2 union territories. It has 8,519 employees and over 11 million customers throughout the country. Its shares are listed on the NSE and BSE. The tagline of the bank is "Your Family Bank Across India."

IndusInd Bank Limited is an Indian financial services headquartered in Mumbai (Maharashtra). The bank offers commercial, transactional and electronic banking products and services. IndusInd Bank was inaugurated in April 1994 by then Union Finance Minister Manmohan Singh. IndusInd Bank is the first among the new-generation private banks in India.

Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It sells financial services to large and mid-size companies, SMEs and retail businesses.

<span class="mw-page-title-main">Eastern Bank Ltd (Bangladesh)</span>

Eastern Bank Limited is a private commercial bank headquartered in Dhaka, Bangladesh. It was established on August 8, 1992, as a public limited company with limited liability under the Bank Companies Act of 1991. Its share are listed in the Dhaka Stock Exchange and the Chittagong Stock Exchange. The bank provides products and services in retail banking, corporate finance, asset management, equity brokerage and security. It has 85 branches and 214 ATMs in Bangladesh and employs around 3000 employees.

Tamilnad Mercantile Bank Limited (TMB) is a bank headquartered at Thoothukudi, Tamil Nadu, India. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. For the financial year 2018–2019, the bank reported a net profit of 2585 million. The bank currently has 509 full branches throughout India, 12 Regional offices and two link offices, two central processing centres, one Service Branch, four Currency Chests, 48 eLobby centres, 262 Cash Recycler Machines and 1151 Automated Teller Machines (ATM). The bank has been expanding its footprint all over India.

Banking was one of the most preferred lines of business in the princely states of Travancore and Cochin, and the Malabar Province of British India — the area that later became the state of Kerala — during the twentieth century. A list of some of the banks that operated in the region during the twentieth century are given below. Due to various reasons, most of them were either closed or amalgamated with other banks, leaving only a handful now.

Geojit Financial Services Ltd. is an investment services company in India headquartered in Kochi, Kerala. It operates a network of offices across India and the Middle East. Geojit was the first company in India to launch online-trading facilities, develop franchise models of sub-broking, form joint ventures in West Asia and the first to begin commodity futures trading in pepper, cardamom, gold and silver in Bharat.

Lakshmi Vilas Bank was an Indian private sector bank established in 1926 in Karur, Tamil Nadu. As of November 2020, the bank had 566 branches in 19 states and 1 union territory. On 27 November 2020, the bank was merged into the Indian subsidiary of DBS Bank.

Kulangara Paulo Hormis was an Indian banker and lawyer, who is the founder of Federal Bank Limited. He was born on 18 October 1917 at Mookkannoor; a small village in the suburbs of Greater Cochin in a traditional agrarian family. He initially started his professional journey as a Lawyer in the Munisiff Court of Perumbavoor. He took over the management of Travancore Federal Bank on 30 December 1944 and until 18 May 1945 Travancore Federal Bank Limited functioned at Nedumpuram under his chairmanship.


  1. "Federal Bank Founder".
  2. 1 2 3 4 5 6 7 8 https://www.federalbank.co.in/documents/10180/47517470/Annual+Report+FY+2020-21.pdf/5d07fd14-dddf-ca78-b59f-68c45f7858d9?t=1624183884484.{{cite web}}: Missing or empty |title= (help)
  3. "Overseas Representative Office".
  4. "India highest recipient of remittances at $79 bn in 2018: World Bank". The Economic Times. Press Trust of India.
  5. "Federal Bank IFSC Banking Unit (IBU), GIFT City".
  6. Joseph, Kalarickal P. (2005). Hormis: Legend of a Great Banker with Passion for Development : Biography of K.P. Hormis, Founder of Federal Bank. D.C. Books. ISBN   978-81-264-1117-7.
  7. "Federal Bank IFSC Code List All Branches in India". Indian Bank IFSC Code. Retrieved 11 January 2023.
  8. "Federal Bank to expand overseas footprints".
  9. "Latest Shareholding Pattern - Federal Bank Ltd". Trendlyne.com. Retrieved 23 February 2023.
  10. "Northeast United FC Sponsors List 2020". sportskhabri.com. 24 November 2020. Retrieved 30 January 2022.
  11. "The Federal Bank Key Personnel".