Federal Bank Limited
Federal Bank Limited is a major Indian Private Sector bank headquartered in Aluva, Kochi. It also has its Representative Offices abroad at Abu Dhabi, Qatar, Kuwait, Oman and Dubai. The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorised 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.
Federal Bank Limited is a major Indian commercial bank in the private sector having 1200+ branches and 1900+ ATMs/Recyclers spread across different states in India. The Bank is a pioneer among traditional banks in India in the area of using technology to leverage its operations and was among the first banks in India to computerize all its branches. The Bank offer its customers, a variety of services such as Internet banking, Mobile banking, Online bill payment, Fee collection, Depository services, Transaction Banking Services, Merchant banking services, Insurance, Mutual fund products and many more as part of its strategy to position itself as a financial super market and to enhance customer convenience.
Federal Bank’s vision is to be the most admired bank which is digitally enabled with a sharp focus on micro, medium & middle market enterprises.
CSR Initiatives covered by the company are: Poverty alleviation, Education and skill development, Gender equality and welfare of senior citizens, Ensuring environmental sustainability and ecological balance, Protection of National Heritage, Benefit of Armed Force veterans, Promote rural, Providing financial assistance to technology incubator, Development projects for rural and slum areas, Support to Swatch Bharat Mission, Promotion of Digitization.
Covid 19 care: they had provided support to Kerala Social Security Mission with Kiosks and water taps at public spots & Kolkata Police Personnel by supplying Masks, Gloves and Hand Sanitizers in the wake of COVID 19 outbreak in India. Support to Delhi Traffic Police Personnel, Auto Drivers, E rickshaw pullers of Delhi for providing 1000 medical kits consisting of 200ML hand sanitisers,4 surgical face masks and 4 hand gloves for 1000 families.
Their shareholding pattern consists of Public having 32.06% shares by FII’s having 24.05% shares and DII’s with 43.89% shares.
