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{{ad|date=August 2021}}
{{short description|Indian bank}}
{{short description|Indian bank}}
{{distinguish|Federal Reserve Bank}}
{{distinguish|Federal Reserve Bank}}
{{maplink|display=title|text=map|type=line}}{{Use Indian English|date=August 2020}}
{{Use Indian English|date=August 2020}}
{{Use dmy dates|date=May 2014}}
{{Use dmy dates|date=May 2014}}
{{Infobox company
{{Infobox company
| name = Federal Bank Limited
| name = Federal Bank Limited
| logo = Federal Bank Logo.jpg
| logo = Federal bank.logo.svg
| image = Federal_Bank_HQ,_Aluva.jpg
| image = Federal bank head office aluva.JPG
| type = [[Public]]
| image_size =
| image_alt = Federal Bank HO
| image_caption = Headquarters in [[Aluva]]
| type = [[Public company|Public]]
| traded_as = {{NSE|FEDERALBNK}}<br />{{BSE|500469}}<br />{{LSE|FEDS}}
| traded_as = {{NSE|FEDERALBNK}}<br />{{BSE|500469}}<br />{{LSE|FEDS}}
| industry = [[Banking]]<br />[[Financial service]]s
| industry = [[Banking]]<br />[[Financial service]]s
| founder = [[K.P Hormis|K. P. Hormis]]<ref>{{cite web|title=Federal Bank Founder|url=http://www.federalbank.co.in/our-founder}}</ref>
| founder = [[K. P. Hormis]]<ref>{{cite web|title=Federal Bank Founder|url=http://www.federalbank.co.in/our-founder|publisher=Federal Bank|access-date=2023-09-02|archive-date=26 March 2023|archive-url=https://web.archive.org/web/20230326085346/https://www.federalbank.co.in/our-founder|url-status=dead}}</ref>
| foundation = {{Unbulleted list|{{Start date|1931|04|23|df=yes}}<br />(as Travancore Federal Bank) at Nedumpuram,Thiruvalla|{{Start date and age|1949|12|02|df=yes}}<br />(as Federal Bank)}}
| foundation = {{Unbulleted list|{{Start date and age|1931|04|23|df=yes}}<br />(as Travancore Federal Bank) at [[Nedumpuram]], [[Thiruvalla]]|{{Start date and age|1949|12|02|df=yes}}<br />(as Federal Bank)}}
| num_locations = 1,272 branches
| num_locations = 1,589 branches
| num_locations_year = 2020
| num_locations_year = 2025
| location = Aluva,  
| location = [[Aluva]],  
  Kochi, Kerala, India
  [[Kochi|Kochi, Kerala]], India
| key_people = {{ubl|[[Shyam Srinivasan]]<br /> {{small|([[Managing Director|MD]] & [[CEO]])}}}}
| key_people = KVS Manian <br />{{small|([[Managing director|MD]] & [[CEO]])}}
| products = {{Bulleted_list|[[Retail Banking]]|[[Wholesale Banking]]|[[Financial services|Finance and Insurance]]|[[Mortgage loan]]s|[[Wealth management]]|[[Investment banking]]|[[Credit cards]]|[[Debit cards]]}}
| products = {{Bulleted_list|[[Retail Banking]]|[[Wholesale Banking]]|[[Financial services|Finance and Insurance]]|[[Mortgage loan]]s|[[Wealth management]]|[[Investment banking]]|[[Credit cards]]|[[Debit cards]]}}
| revenue = {{increase}}{{INRConvert|15142.16|c}} (2020)<ref name="BalSheet">{{cite web |url=https://www.federalbank.co.in/documents/10180/47517470/Annual+Report+FY+2020-21.pdf/5d07fd14-dddf-ca78-b59f-68c45f7858d9?t=1624183884484}}</ref>
| revenue = {{Increase}} {{INRConvert|32030.25|c}} (2024-25)<ref name="Annual">[https://www.bseindia.com/xml-data/corpfiling/AttachHis/88960bed-cd92-4fca-8b92-df436c12c822.pdf "Federal Bank Limited Annual Report"] https://www.bseindia.com .</ref>
| operating_income = {{increase}} {{INRConvert|3204.70|c}} (2020)<ref name="BalSheet"/>
| operating_income = {{Increase}} {{INRConvert|6101.13|c}} (2024-25)<ref name="Annual" />
| net_income = {{increase}} {{INRConvert|1542.78|c}} (2020)<ref name="BalSheet"/>
| net_income = {{increase}} {{INRConvert|4051.89|c}} (2024-25)<ref name="Annual" />
| assets = {{increase}}{{INRConvert|180638.05|c}} (2020)<ref name="BalSheet"/>
| assets = {{increase}} {{INRConvert|349004.80|c}} (2024-25)<ref name="Annual" />
| equity =
| num_employees = 16,111 (2024-25)<ref name="Annual" />
| num_employees = 12,592 (2021)<ref name="BalSheet"/>
| ratio = 16.40% (2024-25)<ref name="Annual" />
| ratio = 14.62% <ref name="BalSheet"/>
| homepage = {{URL|https://www.federal.bank.in|federal.bank.in}}
| homepage = {{url|https://www.federalbank.co.in}}
}}
}}


'''Federal Bank Limited''' is a major [[India]]n Private sector bank headquartered in [[Aluva]], [[Kochi]]. The bank has more than 1,250 branches spread across different states in India.<ref name="BalSheet" /> It also has its Representative Offices abroad at [[Abu Dhabi]], [[Qatar]], [[Kuwait]], [[Oman]] and [[Dubai]].<ref>{{cite web|title=Overseas Representative Office|url=http://www.federalbank.co.in/overseas-office}}</ref>
'''Federal Bank''' is an Indian private sector bank headquartered in [[Aluva]], [[Kerala]].<ref>{{cite web|url=https://www.moneycontrol.com/news/business/groww-in-talks-with-federal-bank-for-neo-banking-vertical-8243021.html|title=Groww in talks with Federal Bank for neo-banking vertical}}</ref> The bank has 1588+ banking outlets and, 2079+ ATMs/ CDMS spread across different states in [[India]] and overseas representative offices at [[Abu Dhabi]] and [[Dubai]].<ref name="Annual" />


With a customer base of over 10 million,<ref name="BalSheet" /> including 1.5 million NRI customers and a large network of remittance partners across the world, Federal Bank handled more than 15% of India's total inward remittances of $79 billion in 2018.<ref>{{cite news |title=India highest recipient of remittances at $79 bn in 2018: World Bank |url=https://economictimes.indiatimes.com/nri/forex-and-remittance/india-highest-recipient-of-remittances-at-79-bn-in-2018-world-bank/articleshow/68788815.cms?from=mdr |agency=Press Trust of India |publisher=The Economic Times}}</ref> The Bank has remittance arrangements with more than 110 Banks/Exchange Companies across the world. The Bank is also listed in the [[BSE SENSEX|BSE]], [[National Stock Exchange of India|NSE]] and [[London Stock Exchange]] and has a branch in India's first International Financial Services Centre (IFSC) at GIFT City.<ref>{{cite web|title=Federal Bank IFSC Banking Unit (IBU), GIFT City|url=http://www.federalbank.co.in//ibu-gift-citye}}</ref> The Bank has been recognized as a Great Place to Work in a study conducted by the Great Place to Work® Institute.<ref>{{cite web|title=Federal Bank Wins Great Place to Work® Certification|url=https://www.mediainfoline.com/brand/federal-bank-wins-great-place-to-work-certification}}</ref>
With a customer base of over 19 million,<ref name="Annual" /> and a large network of remittance partners around the world, Federal Bank handles more than one fifth of India's total personal inward remittances, approximately. The bank has remittance arrangements with more than 110 banks and exchange companies around the world.<ref>{{cite web |url=https://currentaffairs.adda247.com/federal-bank-installs-100-kwp-solar-plant-at-aluva-office |title=Federal Bank installs 100 KWp solar plant at Aluva office |website=adda247.com |date=2023-02-24 |access-date=2023-09-02}}</ref> 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]].<ref>{{cite web|title=Federal Bank IFSC Banking Unit (IBU), GIFT City|url=http://www.federalbank.co.in//ibu-gift-citye}}{{Dead link|date=April 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>


== History ==
== History ==
The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorised capital of {{INR|5000}} 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.
The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorised capital of {{INR|5000}} 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.<ref>{{Cite book |last=Joseph |first=Kalarickal P. |url=https://books.google.com/books?id=S1gWAQAAMAAJ&q=auction-chitty |title=Hormis: Legend of a Great Banker with Passion for Development : Biography of K.P. Hormis, Founder of Federal Bank |date=2005 |publisher=D.C. Books |isbn=978-81-264-1117-7 |language=en}}</ref>


The bank name was named '''Federal Bank Limited''' on 2 December 1949, after completing the formalities of [[Banking Regulation Act, 1949]] and is a major Indian commercial bank in the private sector having more than thousand branches and ATMs spread across different States in India.<ref name="Federal Ref3" />
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 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.<ref>{{cite web |title=Federal Bank's first IPO |url=https://www.business-standard.com/company/federal-bank-3709.html}}</ref> 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]].


Between 1963 and 1970, Federal Bank 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]]. In 1970, Federal Bank became a scheduled commercial bank and came out with its initial public offering in 1994.
In January 2008, Federal Bank opened its first overseas representative office in [[Abu Dhabi]]. In November 2016, Federal Bank opened its second [[United Arab Emirates|UAE]] representative office, in [[Dubai]].<ref>{{cite web |title=Dubai Rep Office |date=14 November 2016 |url=https://www.thehindubusinessline.com/money-and-banking/federal-bank-to-open-its-first-overseas-branch-in-dubai/article9344179.ece}}</ref><ref>{{cite web|title=Federal Bank to expand overseas footprints|url=http://www.khaleejtimes.com/business/federal-bank-to-expand-overseas-footprints}}</ref>


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.<ref name="Federal Ref3" />
== Subsidiary companies ==
*Federal Operations and Services Limited (Fedserv) <ref>{{Cite web |title=Fed Serv:We aim for quality because only perfect quality can give perfect satisfaction.. |url=http://www.fedserv.co.in/ |access-date=2024-01-09 |website=www.fedserv.co.in |archive-date=29 November 2023 |archive-url=https://web.archive.org/web/20231129020646/http://fedserv.co.in/ |url-status=dead }}</ref> is a wholly owned subsidiary company of The Federal Bank Ltd, registered under Companies Act, 2013 on 26 October 2018. The company operates from Kakkanad, Kerala, Indore and Vishakhapatnam, [[Andhra Pradesh]].<ref>{{cite news |title=Fedserv |newspaper=The Hindu |date=29 August 2019 |url=https://www.thehindu.com/news/national/andhra-pradesh/fedserv-launches-operations-in-vizag/article29292568.ece}}</ref>
*Fedbank Financial Services Ltd <ref>{{Cite web |title=Fedfina – Financial Institution for Gold loan, Home loans, Business & LAP online |url=https://fedfina.com/ |access-date=2024-01-09 |website=fedfina.com |language=en-gb}}</ref> – Fedfina  is the non-banking financial arm of Federal Bank <ref>{{cite web |title=FedFina |url=https://www.icra.in/Rationale/ShowRationaleReport?Id=117733}}</ref>


In January 2008, Federal Bank opened its first overseas representative office in [[Abu Dhabi]].
== Associate companies ==
*Ageas Federal Life Insurance Company Limited <ref>{{Cite web |title=Ageas Federal Life Insurance – Life Insurance Plans in India |url=https://www.ageasfederal.com/ |access-date=2024-01-09 |website=www.ageasfederal.com}}</ref> - Ageas Federal is a joint venture between Ageas Insurance International NV, a multinational insurance giant based out of Europe and Federal Bank. Federal Banks holds 26% stake  in the company.<ref>{{cite web |title=Ageas Federal |url=https://www.moneycontrol.com/news/business/idbi-federal-life-insurance-renamed-as-ageas-federal-life-insurance-after-stake-sale-6291071.html}}</ref>
*Equirus Capital Private Limited <ref>{{Cite web |title=Equirus Capital {{!}} Best Financial Services in India |url=https://www.equirus.com/ |access-date=2024-01-09 |website=www.equirus.com}}</ref> - Federal Banks holds 19.79% stake in the company.<ref>{{cite news |title=Equirus Capital |newspaper=The Hindu |date=13 February 2021 |url=https://www.thehindu.com/business/equirus-capital-eyes-double-digit-growth/article33832079.ece |last1=Mishra |first1=Lalatendu }}</ref>


In November 2016, Federal Bank opened its second [[United Arab Emirates|UAE]] representative office, in [[Dubai]].<ref>{{cite web|title=Federal Bank to expand overseas footprints|url=http://www.khaleejtimes.com/business/federal-bank-to-expand-overseas-footprints}}</ref>
==Board of Directors==
Current Board of Directors<ref>{{cite web|title=The Federal Bank Key Personnel|url=http://www.federalbank.co.in/key-personnel|access-date=5 November 2014|archive-date=3 October 2015|archive-url=https://web.archive.org/web/20151003231715/http://www.federalbank.co.in/key-personnel|url-status=dead}}</ref> are:
* [[A. P. Hota]] – Chairman and Independent Director
* KVS Manian - Managing Director and CEO
* Siddhartha Sengupta - Director
* Manoj Fadnis - Director
* Sudarshan Sen - Director
* Varsha Purandare - Director
* Sankarshan Basu - Director
* Ramanand Mundkur - Director
* Elias George - Additional Director (Independent)
* Harsh Dugar - Executive Director


In April 2021, to strengthen the fight against the Covid-19 pandemic,the bank had teamed up with media conglomerate Network18 and actor and activist Sonu Sood and launched a nationwide vaccination awareness campaign  'Sanjeevani – A shot of life'.<ref name="Federal Ref4">{{cite news |title=Network18 and Federal Bank launch 'Sanjeevani – A shot of life', a vaccination awareness campaign on World Health Day |url=https://bestmediainfo.com/2021/04/network18-and-federal-bank-launch-sanjeevani-a-shot-of-life-a-vaccination-awareness-campaign-on-world-health-day/ |access-date=8 May 2021 |publisher=www.bestmediaifo.com |date=8 April 2021}}</ref> The campaign aims to raise awareness among all Indians on the importance of vaccination and was launched on the occasion of World Health Day (April 7).<ref name="Federal Ref4" />
==Corporate Social Responsibility==
Federal Bank has instituted a public charitable trust by name Federal Bank Hormis Memorial Foundation <ref name="federalbank.co.in">{{Cite web |title=Fedbank Hormis Memorial Foundation {{!}} Federal Bank {{!}} India |url=https://www.federalbank.co.in/fedbank-hormis-memorial-foundation |access-date=2024-01-09 |website=www.federalbank.co.in |language=en-US}}</ref> to perpetuate the fond memory of late [[K. P. Hormis]], the founder of the bank. The trust is striving hard to inculcate in people better knowledge and awareness in the field of banking through training programmes, focused seminars, awards and so on. The trust and its activities were inaugurated by the then Union Finance Minister Shri. [[P. Chidambaram]] at [[Ernakulam]] on 18.10.1996.


In 2021,it partnered with Fi, [[Bengaluru]]-based neobank for salaried millennials,which will enable bank to issue a savings account, equipped with a debit card, in under three minutes.<ref name="Federal Ref1">{{cite news |title=Federal Bank partners with neobank Fi to issue a savings account |url=https://www.financialexpress.com/industry/banking-finance/federal-bank-partners-with-neobank-fi/2238419/ |access-date=8 May 2021 |publisher=The Financial Express |date=23 April 2021}}</ref> In May 2021,under its CSR initiative 100 refrigerators for vaccination storage were distributed to various health care centers for  the Covid-19 vaccination drive whose inauguration took place at the premises of the Divisional Commissioner’s Office by Deputy Chief Minister and District Guardian Minister Mr.Ajit Pawar.<ref name="Federal Ref2">{{cite news |title=Pune: Federal Bank Donates 100 Refrigerators For Vaccine Storage |url=https://www.punekarnews.in/pune-federal-bank-donates-100-refrigerators-for-vaccine-storage/ |access-date=8 May 2021 |publisher=Punekar News |date=1 May 2021}}</ref>
For Federal Bank, Corporate Social Responsibility (CSR) has been an inherited and inbuilt element of its culture from the day the bank was founded. The founder's values and ethos based on trust got embedded in the bank's policies and principles which reflect on its day-to-day business. CSR in Federal Bank began with the first act of cultivating banking habits in an agrarian society - to effectively utilise idle money for productive purposes.


== Sponsorships ==
* Sanjeevani <ref>{{Cite web |title=Sanjeevani – United against Cancer |url=https://www.federalbank.co.in/sanjeevani-united-against-cancer |access-date=2024-01-09 |website=www.federalbank.co.in |language=en-US}}</ref>
In October 2023, Federal Bank Hormis Memorial Foundation, News 18 Network, and Tata Trusts unveiled ‘Sanjeevani- United against Cancer’.<ref>{{cite web |title=Sanjeevani 2023 |date=27 September 2023 |url=https://www.cnbctv18.com/healthcare/news18-sanjeevani-cancer-initiative-tata-trusts-federal-bank-hormis-mansukh-mandaviya-lisa-ray-17890411.htm}}</ref> ‘Sanjeevani’ mission is to build awareness, encourage screening and testing for Cancer. Through this initiative, the bank aims to raise awareness of the prevention of cancer, helping individuals fight the social stigma associated with the disease and the hesitation to opt for early detection and diagnosis.


*Federal Bank is the Lead Sponsor of [[NorthEast United FC]] in the 2019–2020 season of [[Indian Super League]].
In April 2021, News18 and Federal Bank Hormis Memorial Foundation partnered to uplift societal health through its reach across the country through 'Sanjeevani – A Shot Of Life',<ref>{{Cite web |title=Sanjeevani |url=https://www.moneycontrol.com/sanjeevani |access-date=2024-01-09}}</ref> India's largest private vaccination drive to boost COVID-19 vaccine awareness. The bank led the campaign across 1000 villages of 5 districts of 5 different states touching more than 24 Lakh lives.<ref>{{cite web |title=Sanjeevani 2021 |work=Firstpost |date=7 April 2021 |url=https://www.firstpost.com/india/sanjeevani-a-shot-of-life-network18-and-federal-banks-drive-to-raise-awareness-about-covid-19-vaccination-9500581.html}}</ref>


==Board of directors==
* Federal Skill Academy <ref>{{Cite web |title=Press Release |url=https://www.federalbank.co.in/documents/10180/444236001/Federal%20Bank%20empowers%20women%20through%20its%20skill%20academy-%20Second%20batch%20of%20tailoring%20program%20commences |access-date=2024-01-09}}</ref> - The Federal Skill Academy (FSA) is a part of the Federal Bank Hormis Memorial Foundation's CSR initiative, aiming to contribute significantly to India's skilling ecosystem. The bank initiated the launch of its 5th and 6th Skill Academy in Chennai and Belagavi in October 2023. The existing 4 centres are in Kochi, Coimbatore, Faridabad and Kolhapur.<ref>{{cite web |title=Federal Skill Academy |url=https://www.newsexperts.in/federal-bank-offers-free-skill-development-course-to-girls-in-wayanad/}}</ref>
Current Board of Directors<ref>{{cite web|title=The Federal Bank Key Personnel|url=http://www.federalbank.co.in/key-personnel}}</ref> are:  
* Federal Bank Hormis Memorial Foundation Scholarship <ref name="federalbank.co.in"/> – The bank has been offering scholarships since 2005 every year to deserving and needy students to pursue professional courses such as MBBS, Engineering, B Sc. Nursing, MBA, Agriculture (B.Sc) including BSc (Hons) Cooperation and Banking with Agricultural Sciences conducted by Agriculture Universities under this foundation.
*Smt. Grace Elizabeth Koshie - Chairperson of the Board
* Speak for India <ref>{{Cite web |title=Speak for India Edition 2023-24 |url=https://speakforindia.com/ |access-date=2024-01-09 |website=speakforindia.com}}</ref> is another positive change in the realm of education, providing the youth of the country the biggest debating platform to voice their opinions. Over 2 Lakh students have benefitted from the same since 2014.<ref>{{cite news |title=Speak For India |newspaper=The Times of India |date=27 March 2023 |url=https://timesofindia.indiatimes.com/city/chennai/speak-for-india-tamil-nadu-finals-is-here/articleshow/99020782.cms}}</ref>
*Mr. [[Shyam Srinivasan]] - Managing Director & CEO
* Mission Mookkannoor <ref>{{Cite web|date=2023-10-19 |title=Federal Bank backs Mookkannoor to become India's cleanest pin-code on Founders' day |url=https://www.thehindubusinessline.com/money-and-banking/federal-bank-backs-mookkannoor-to-become-indias-cleanest-pin-code-on-founders-day/article67434231.ece |access-date=2024-01-09 |website=BusinessLine |language=en}}</ref> - Federal Bank has inaugurated a very significant initiative - Mookkannoor Mission under the Swachh Bharat Abhiyan. This initiative aims to transform the birthplace of the Founder Shri K P Hormis, into a clean and green village.<ref>{{cite news |title=Mookkannoor Mission |newspaper=The Hindu |date=18 October 2023 |url=https://www.thehindu.com/news/cities/Kochi/federal-bank-adopts-mookkannoor-village-in-ernakulam/article67434800.ece}}</ref>
*Smt. Shubhalakshmi Panse - Director
*Mr. C Balagopal – Director
*Mr. A P Hota – Director
*Mr. Balakrishnan Krishnamurthy – Director
*Mr. Siddhartha Sengupta - Director
*Mr. CA Manoj Fadnis - Director
*Mr. Sudarshan Sen - Director
*Ms. Varsha Purandare - Director
*Mr. Ashutosh Khajuria - Executive Director
*Ms. Shalini Warrier - Executive Director


==Historical Landmarks==
==Recent awards and recognition==
 
* Fortune India ranked Federal Bank among the Top 50 Future Ready Employers of India 2025.<ref>{{Cite web |last=India |first=Fortune |date=2025-03-24 |title=Future-ready workplaces: Where only the best rise and the rest fall behind |url=https://www.fortuneindia.com/enterprise/future-ready-workplaces-where-only-the-best-rise-and-the-restfallbehind/121156 |access-date=2026-02-23 |website=Fortune India |language=en}}</ref>
Some of the historical landmarks of the company are as follows:<ref name="Federal Ref3">{{cite news |title=Federal Bank Ltd {{!}} IBEF
* Feddy, the AI chat bot of the Bank, won the SKOCH Silver Award for its innovative feature - Conversational Banking at the 100th [https://summit.skoch.in/ SKOCH Summit].
|url=https://www.ibef.org/industry/banking-india/showcase/federal-bank-ltd |access-date=8 May 2021 |publisher=www.ibef.org}}</ref>
* Federal Bank awarded the Best CSR Project – Health (Large Enterprises Category) for 'Sanjeevani' programme at the KMA Green Palm Sustainability Summit 2025.<ref>{{Cite web |title=Sanjeevani – United against Cancer |url=https://www.federal.bank.in/sanjeevani-united-against-cancer |access-date=2026-02-23 |website=Federal Bank |language=en-US}}</ref>
 
* Federal Bank's innovative product Flash Pay Smart Keychain bagged the Best Payment Experience Award at the 11th Edition Payments Reloaded Industry Awards 2024.
2015 - Received Banking Frontier's Finnoviti 2015 Award for its innovative product ‘Scan N Pay’.
* Federal Bank bagged the Gender Equality Champion Award at the Bombay Chamber's Diversity, Equity and Inclusion (DEI) Awards 2024.<ref>{{Cite web |date=2024-04-19 |title=Bombay Chamber DEI Awards 2024 - Bombay Chamber |url=https://bombaychamber.com/event/diversity-equity-inclusion-dei-awards-2024/ |access-date=2026-02-23 |language=en-US}}</ref>
 
* Federal Bank is recognised as ‘ESG Champions of India 2024’ in the Commercial Banks sector at the Dun & Bradstreet ESG Leadership Summit 2024.<ref>{{Cite web |title=ESG Champions of India 2024 |url=https://www.dnb.co.in/events/esg/default.aspx#awards|access-date=2024-04-17 |website=www.dnb.co.in|language=en}}</ref>
2014 - Won the CNBC Award for Financial Inclusion.
*Federal Bank won the 'Best Bank in AI & ML Adoption' and the 'Best Bank for Financial Inclusion' at the 20th Annual IBA Technology Awards 2024. The Bank is also a runner-up in the category 'Digital Sales, Payments and Engagement' <ref>{{Cite web |title=IBA Award 2022-23 |url=https://www.iba.org.in/citations2023/index.html#awd_cate|access-date=2024-04-17 |website=www.iba.org.in|language=en}}</ref>
 
* Federal Bank is the winner of 'Best Bank in Fintech Initiative' at the Business Today Banking & Economy Summit.<ref>{{Cite web |title=IBA Award 2022-23 |url=https://www.businesstoday.in/banking-economy-summit|access-date=2024-04-17 |website=www.businesstoday.in|language=en}}</ref>
2013 - Awarded ‘The Best Bank among Private Sector Banks’ constituted by Institute of Public Enterprises (IPE).
* Federal Bank tops IFC Climate Reporting 2023 charts in four categories. IFC has declared *Federal Bank among Top Financial Institutions for Climate Reporting in 2023.
 
* Federal Bank is in the Top 30 Future Ready Workplaces of India Inc. by Fortune India, curated in partnership with CIEL HR
2007 - Won the Banking technology award instituted by Indian Banks Association for the Best clearing & Settlement System.
* Federal Bank is declared as 'Bank Of The Year 2023' in India<ref>{{Cite web |title=Bank of the Year Awards 2023 — Asia-Pacific |url=https://www.thebanker.com/Bank-of-the-Year-Awards-2023-Asia-Pacific-1701385837 |access-date=2024-01-09 |website=www.thebanker.com |language=en}}</ref> instituted by [[The Banker]]
 
* Federal Bank has topped IFC Climate Reporting 2023 charts in four categories<ref>{{Cite web |title=IFC Announces Top Financial Institutions for Climate Reporting in 2023 |url=https://ifcpressreleasesprod.aseprod.ifc.org/all/pages/PressDetail.aspx?ID=27894 |access-date=2024-01-09 |website=IFC}}</ref>
1989 - Commenced merchant banking operations.
* Federal Bank is the only India based company to feature among India's Best Workplaces™ for Women 2023.<ref>{{cite web |title=GPTW 2023 | website=[[The Week (Indian magazine)|The Week]] |url=https://www.theweek.in/wire-updates/business/2023/10/03/dcm22-federal-bank.html#:~:text=Federal%20Bank%20Recognised%20Among%20India's%20Top%2010%20Best%20Workplaces%20for%20Women,-PTI%20Updated%3A%20October&text=MUMBAI%2C%20India%2C%20Oct.,Great%20Place%20to%20Work%C2%AE.}}</ref> The bank was also featured among India's Best Workplaces™ for Millennials 2023 and recognised as the only Commercial Bank in India by Great Place To Work® for building a culture of innovation for all.
 
* Federal Bank received ‘GOLD’ rating by Indian Green Building Council (IGBC) for Federal Bank Mount Road Branch and Office Premises functioning at Akshaya Shanti and for Federal Bank Thrissur/ Main Branch.<ref>{{Cite web |title=IGBC Green New Buildings |url=https://igbc.in/igbc-green-new-buildings.php |access-date=2024-01-09}}</ref>
1965 - Merged with St. George Union Bank Ltd.
* Federal Bank won the Silver Shield in the ICAI Award in Category II(A)<ref>{{cite web |title=ICAI 2023 |url=https://www.icai.org/post/icai-recognises-best-presented-accounts-and-research-to-support-esg}}</ref> for Financial Reporting for the year ended March 31, 2022. Became the winner for the second consecutive year for an award in this category, having won the Plaque in the previous year
 
* Federal Bank was awarded the Certificate of Achievement by the International Finance Corporation (IFC), a World Bank Group in recognition of Climate Financing Leadership in the South Asia Region (CSA) during FY 22 for having disbursed 332.9 million USD, making it the largest amount of climate loans disbursed <ref>{{cite web |title=IFC 2023 |url=https://www.businessworld.in/article/Federal-Bank-Disburses-Largest-Amount-Of-Climate-Loan/08-02-2023-464900}}</ref>
1931 - Bank Incorporated.


==See also==
==See also==
{{Portal|Banks}}
{{Portal|Banks}}
* [[Banking in India]]
* [[Banking in India]]
* [[List of banks in India]]
* [[Reserve Bank of India]]
* [[Indian Financial System Code]]
* [[Indian Financial System Code]]
* [[List of largest banks]]
* [[List of largest banks]]
* [[List of companies of India]]
* [[Make in India]]
* [[Make in India]]


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[[Category:Banks based in Kerala]]
[[Category:Banks based in Kerala]]
[[Category:Neobanks]]
[[Category:Financial services companies based in Kochi]]
[[Category:Financial services companies based in Kochi]]
[[Category:Federal Bank| ]]
[[Category:Federal Bank| ]]
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[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the Bombay Stock Exchange]]


{{India-company-stub}}
== External links ==
{{Official website|federal.bank.in}}

Latest revision as of 20:10, 23 February 2026


Not to be confused with Federal Reserve Bank.

Federal Bank Limited
Traded asNSE: FEDERALBNK
BSE: 500469
Template:LSE
IndustryBanking
Financial services
Founded
  • 23 April 1931; 95 years ago (1931-04-23)
    (as Travancore Federal Bank) at Nedumpuram, Thiruvalla
  • 2 December 1949; 76 years ago (1949-12-02)
    (as Federal Bank)
Founder(s)K. P. Hormis[1]
HeadquartersAluva, Kochi, Kerala, India
Number of locations
1,589 branches (2025)
Key people
KVS Manian
(MD & CEO)
Products
RevenueIncrease ₹32,030.25 crore (US$4.5 billion) (2024-25)[2]
Increase ₹6,101.13 crore (US$860 million) (2024-25)[2]
Increase ₹4,051.89 crore (US$570 million) (2024-25)[2]
Total assetsIncrease ₹349,004.80 crore (US$49 billion) (2024-25)[2]
Number of employees
16,111 (2024-25)[2]
Capital ratio class39 = tel16.40% (2024-25)[2]
Websitefederal.bank.in

Federal Bank is an Indian private sector bank headquartered in Aluva, Kerala.[3] The bank has 1588+ banking outlets and, 2079+ ATMs/ CDMS spread across different states in India and overseas representative offices at Abu Dhabi and Dubai.[2]

With a customer base of over 19 million,[2] and a large network of remittance partners around the world, Federal Bank handles more than one fifth of India's total personal inward remittances, approximately. The bank has remittance arrangements with more than 110 banks and 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]

History[edit | edit source]

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.[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 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.[7] 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.

In January 2008, Federal Bank opened its first overseas representative office in Abu Dhabi. In November 2016, Federal Bank opened its second UAE representative office, in Dubai.[8][9]

Subsidiary companies[edit | edit source]

  • Federal Operations and Services Limited (Fedserv) [10] is a wholly owned subsidiary company of The Federal Bank Ltd, registered under Companies Act, 2013 on 26 October 2018. The company operates from Kakkanad, Kerala, Indore and Vishakhapatnam, Andhra Pradesh.[11]
  • Fedbank Financial Services Ltd [12] – Fedfina is the non-banking financial arm of Federal Bank [13]

Associate companies[edit | edit source]

  • Ageas Federal Life Insurance Company Limited [14] - Ageas Federal is a joint venture between Ageas Insurance International NV, a multinational insurance giant based out of Europe and Federal Bank. Federal Banks holds 26% stake in the company.[15]
  • Equirus Capital Private Limited [16] - Federal Banks holds 19.79% stake in the company.[17]

Board of Directors[edit | edit source]

Current Board of Directors[18] are:

  • A. P. Hota – Chairman and Independent Director
  • KVS Manian - Managing Director and CEO
  • Siddhartha Sengupta - Director
  • Manoj Fadnis - Director
  • Sudarshan Sen - Director
  • Varsha Purandare - Director
  • Sankarshan Basu - Director
  • Ramanand Mundkur - Director
  • Elias George - Additional Director (Independent)
  • Harsh Dugar - Executive Director

Corporate Social Responsibility[edit | edit source]

Federal Bank has instituted a public charitable trust by name Federal Bank Hormis Memorial Foundation [19] to perpetuate the fond memory of late K. P. Hormis, the founder of the bank. The trust is striving hard to inculcate in people better knowledge and awareness in the field of banking through training programmes, focused seminars, awards and so on. The trust and its activities were inaugurated by the then Union Finance Minister Shri. P. Chidambaram at Ernakulam on 18.10.1996.

For Federal Bank, Corporate Social Responsibility (CSR) has been an inherited and inbuilt element of its culture from the day the bank was founded. The founder's values and ethos based on trust got embedded in the bank's policies and principles which reflect on its day-to-day business. CSR in Federal Bank began with the first act of cultivating banking habits in an agrarian society - to effectively utilise idle money for productive purposes.

In October 2023, Federal Bank Hormis Memorial Foundation, News 18 Network, and Tata Trusts unveiled ‘Sanjeevani- United against Cancer’.[21] ‘Sanjeevani’ mission is to build awareness, encourage screening and testing for Cancer. Through this initiative, the bank aims to raise awareness of the prevention of cancer, helping individuals fight the social stigma associated with the disease and the hesitation to opt for early detection and diagnosis.

In April 2021, News18 and Federal Bank Hormis Memorial Foundation partnered to uplift societal health through its reach across the country through 'Sanjeevani – A Shot Of Life',[22] India's largest private vaccination drive to boost COVID-19 vaccine awareness. The bank led the campaign across 1000 villages of 5 districts of 5 different states touching more than 24 Lakh lives.[23]

  • Federal Skill Academy [24] - The Federal Skill Academy (FSA) is a part of the Federal Bank Hormis Memorial Foundation's CSR initiative, aiming to contribute significantly to India's skilling ecosystem. The bank initiated the launch of its 5th and 6th Skill Academy in Chennai and Belagavi in October 2023. The existing 4 centres are in Kochi, Coimbatore, Faridabad and Kolhapur.[25]
  • Federal Bank Hormis Memorial Foundation Scholarship [19] – The bank has been offering scholarships since 2005 every year to deserving and needy students to pursue professional courses such as MBBS, Engineering, B Sc. Nursing, MBA, Agriculture (B.Sc) including BSc (Hons) Cooperation and Banking with Agricultural Sciences conducted by Agriculture Universities under this foundation.
  • Speak for India [26] is another positive change in the realm of education, providing the youth of the country the biggest debating platform to voice their opinions. Over 2 Lakh students have benefitted from the same since 2014.[27]
  • Mission Mookkannoor [28] - Federal Bank has inaugurated a very significant initiative - Mookkannoor Mission under the Swachh Bharat Abhiyan. This initiative aims to transform the birthplace of the Founder Shri K P Hormis, into a clean and green village.[29]

Recent awards and recognition[edit | edit source]

  • Fortune India ranked Federal Bank among the Top 50 Future Ready Employers of India 2025.[30]
  • Feddy, the AI chat bot of the Bank, won the SKOCH Silver Award for its innovative feature - Conversational Banking at the 100th SKOCH Summit.
  • Federal Bank awarded the Best CSR Project – Health (Large Enterprises Category) for 'Sanjeevani' programme at the KMA Green Palm Sustainability Summit 2025.[31]
  • Federal Bank's innovative product Flash Pay Smart Keychain bagged the Best Payment Experience Award at the 11th Edition Payments Reloaded Industry Awards 2024.
  • Federal Bank bagged the Gender Equality Champion Award at the Bombay Chamber's Diversity, Equity and Inclusion (DEI) Awards 2024.[32]
  • Federal Bank is recognised as ‘ESG Champions of India 2024’ in the Commercial Banks sector at the Dun & Bradstreet ESG Leadership Summit 2024.[33]
  • Federal Bank won the 'Best Bank in AI & ML Adoption' and the 'Best Bank for Financial Inclusion' at the 20th Annual IBA Technology Awards 2024. The Bank is also a runner-up in the category 'Digital Sales, Payments and Engagement' [34]
  • Federal Bank is the winner of 'Best Bank in Fintech Initiative' at the Business Today Banking & Economy Summit.[35]
  • Federal Bank tops IFC Climate Reporting 2023 charts in four categories. IFC has declared *Federal Bank among Top Financial Institutions for Climate Reporting in 2023.
  • Federal Bank is in the Top 30 Future Ready Workplaces of India Inc. by Fortune India, curated in partnership with CIEL HR
  • Federal Bank is declared as 'Bank Of The Year 2023' in India[36] instituted by The Banker
  • Federal Bank has topped IFC Climate Reporting 2023 charts in four categories[37]
  • Federal Bank is the only India based company to feature among India's Best Workplaces™ for Women 2023.[38] The bank was also featured among India's Best Workplaces™ for Millennials 2023 and recognised as the only Commercial Bank in India by Great Place To Work® for building a culture of innovation for all.
  • Federal Bank received ‘GOLD’ rating by Indian Green Building Council (IGBC) for Federal Bank Mount Road Branch and Office Premises functioning at Akshaya Shanti and for Federal Bank Thrissur/ Main Branch.[39]
  • Federal Bank won the Silver Shield in the ICAI Award in Category II(A)[40] for Financial Reporting for the year ended March 31, 2022. Became the winner for the second consecutive year for an award in this category, having won the Plaque in the previous year
  • Federal Bank was awarded the Certificate of Achievement by the International Finance Corporation (IFC), a World Bank Group in recognition of Climate Financing Leadership in the South Asia Region (CSA) during FY 22 for having disbursed 332.9 million USD, making it the largest amount of climate loans disbursed [41]

See also[edit | edit source]

References[edit | edit source]

  1. ↑ "Federal Bank Founder". Federal Bank. Archived from the original on 26 March 2023. Retrieved 2 September 2023.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 "Federal Bank Limited Annual Report" https://www.bseindia.com .
  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]
  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's first IPO".
  8. ↑ "Dubai Rep Office". 14 November 2016.
  9. ↑ "Federal Bank to expand overseas footprints".
  10. ↑ "Fed Serv:We aim for quality because only perfect quality can give perfect satisfaction." www.fedserv.co.in. Archived from the original on 29 November 2023. Retrieved 9 January 2024.
  11. ↑ "Fedserv". The Hindu. 29 August 2019.
  12. ↑ "Fedfina – Financial Institution for Gold loan, Home loans, Business & LAP online". fedfina.com. Retrieved 9 January 2024.
  13. ↑ "FedFina".
  14. ↑ "Ageas Federal Life Insurance – Life Insurance Plans in India". www.ageasfederal.com. Retrieved 9 January 2024.
  15. ↑ "Ageas Federal".
  16. ↑ "Equirus Capital | Best Financial Services in India". www.equirus.com. Retrieved 9 January 2024.
  17. ↑ Mishra, Lalatendu (13 February 2021). "Equirus Capital". The Hindu.
  18. ↑ "The Federal Bank Key Personnel". Archived from the original on 3 October 2015. Retrieved 5 November 2014.
  19. ↑ 19.0 19.1 "Fedbank Hormis Memorial Foundation | Federal Bank | India". www.federalbank.co.in. Retrieved 9 January 2024.
  20. ↑ "Sanjeevani – United against Cancer". www.federalbank.co.in. Retrieved 9 January 2024.
  21. ↑ "Sanjeevani 2023". 27 September 2023.
  22. ↑ "Sanjeevani". Retrieved 9 January 2024.
  23. ↑ "Sanjeevani 2021". Firstpost. 7 April 2021.
  24. ↑ "Press Release". Retrieved 9 January 2024.
  25. ↑ "Federal Skill Academy".
  26. ↑ "Speak for India Edition 2023-24". speakforindia.com. Retrieved 9 January 2024.
  27. ↑ "Speak For India". The Times of India. 27 March 2023.
  28. ↑ "Federal Bank backs Mookkannoor to become India's cleanest pin-code on Founders' day". BusinessLine. 19 October 2023. Retrieved 9 January 2024.
  29. ↑ "Mookkannoor Mission". The Hindu. 18 October 2023.
  30. ↑ India, Fortune (24 March 2025). "Future-ready workplaces: Where only the best rise and the rest fall behind". Fortune India. Retrieved 23 February 2026.
  31. ↑ "Sanjeevani – United against Cancer". Federal Bank. Retrieved 23 February 2026.
  32. ↑ "Bombay Chamber DEI Awards 2024 - Bombay Chamber". 19 April 2024. Retrieved 23 February 2026.
  33. ↑ "ESG Champions of India 2024". www.dnb.co.in. Retrieved 17 April 2024.
  34. ↑ "IBA Award 2022-23". www.iba.org.in. Retrieved 17 April 2024.
  35. ↑ "IBA Award 2022-23". www.businesstoday.in. Retrieved 17 April 2024.
  36. ↑ "Bank of the Year Awards 2023 — Asia-Pacific". www.thebanker.com. Retrieved 9 January 2024.
  37. ↑ "IFC Announces Top Financial Institutions for Climate Reporting in 2023". IFC. Retrieved 9 January 2024.
  38. ↑ "GPTW 2023". The Week.
  39. ↑ "IGBC Green New Buildings". Retrieved 9 January 2024.
  40. ↑ "ICAI 2023".
  41. ↑ "IFC 2023".

External links[edit | edit source]

federal.bank.in

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