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FEDERAL BANK

Jan 20, 2020 351

HISTORY:

The Federal Bank, formerly known as Travancore Federal Bank, was incorporated in 1931. Although initially known as the Travancore Federal Bank, it gradually became a full-fledged bank under the powerful leadership of its Founder, K P Hormis. The name of Federal Bank Limited was officially announced in 1947 with its headquarters located on the banks of the Periyar River. Since then there has been no look back and the bank has become one of the strongest and most stable banks in the country. It began operations with an authorized capital of Rs 5,000. In the beginning it was dedicated to the auction of chitty and other banking transactions related to agriculture and industry.

Today it is the largest traditional private sector bank in the country.The bank is the fourth largest bank in India in terms of capital base and can easily boast a capital adequacy ratio of 17.23%, one of the highest in the industry. This coupled with existence in a highly regulated environment has helped the bank to tide over the recession with minimal impact to its financial stability.

The bank has been expanding organically over the past few months. The bank believes in expanding its reach to its customers by making its services available to all, 24x7. The bank has branches and ATMs throughout India, in addition to the Representative Office in Abu Dhabi, which serves as a hub for NRI clients in the United Arab Emirates.

CHAIRMAN: Nilesh S Vikamsey

DIRECTOR:  Shyam Srinivasan