Federal Bank

Not to be confused with Federal Reserve Bank.

Federal Bank Limited
Company typePublic
NSE: FEDERALBNK
BSE: 500469
LSE: FEDS
IndustryBanking
Financial services
Founded
  • 23 April 1931; 93 years ago (1931-04-23)
    (as Travancore Federal Bank) at Nedumpuram, Thiruvalla
  • 2 December 1949; 74 years ago (1949-12-02)
    (as Federal Bank)
FounderK. P. Hormis[1]
HeadquartersAluva, Kochi, Kerala, India
Number of locations
1,518 branches (2024)
Key people
KVS Manian
(MD & CEO)
Products
RevenueIncrease₹25,267.53 crore (US$3.0 billion) (FY24)[2]
Increase ₹5,174.48 crore (US$620 million)[2] (FY24)
Increase ₹3,720.60 crore (US$450 million) (FY24)[2]
Total assetsIncrease₹308,311.80 crore (US$37 billion) (FY24)[2]
Number of employees
15,200+[2]
Capital ratio16.13%[2]
Websitefederalbank.co.in

Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kerala.[3] The Bank has 1518+ banking outlets and, 2042+ ATMs/ CDMS spread across different states in India and overseas representative offices at Abu Dhabi and Dubai.[2]

With a customer base of over 18.5 million,[2] and a large network of remittance partners around the world, Federal Bank handles more than one fifth of India's total inward remittances, approximately. The bank has remittance arrangements with more than 110 Banks/Exchange Companies around the world.[4] 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]

  1. ^ "Federal Bank Founder". Federal Bank. Archived from the original on 26 March 2023. Retrieved 2 September 2023.
  2. ^ a b c d e f g h "Annual Report 2022-23".
  3. ^ "Groww in talks with Federal Bank for neo-banking vertical".
  4. ^ "Federal Bank installs 100 KWp solar plant at Aluva office". adda247.com. 24 February 2023. Retrieved 2 September 2023.
  5. ^ "Federal Bank IFSC Banking Unit (IBU), GIFT City".[permanent dead link]