Federal Bank

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Not to be confused with Federal Reserve Bank.

FEDERAL BANK Limited

Private (BSE, NSE:SBI) & (LSE: FEDA)

Type
(LSE: FEDS)

Founded Kochi, 1945

Federal Towers, ,
Headquarters Aluva - 683 101,
Kerala, India.

Chairman [Prof. A M Salim],

Key people
M D & C E O[Mr. M. Venugopalan]

Industry Banking and allied industries

Products Loans, Savings, etc.

Website www.federalbank.co.in

Federal Bank is an Indian bank in the private sector, headquartered at Aluva, Kerala. As of
2008 it had 671 branches and 681 ATMs around the country.

[1]

Contents
[hide]

• 1 History
 • 2 See also
• 3 References

• 4 External links

[edit] History
In 1931, Kulangara Paulo Hormis established the Travancore Federal Bank at Nedumpuram, a
place near Tiruvalla in Central Travancore. After initial moderate success, the bank came to the
verge of bankruptcy. In 1944, K P Hormis ,and his close relatives and friends obtained a
controlling interest in the bank. The next year, the bank shifted its registered office to Aluva and
the Bank commenced business by opening its first branch at Aluva. In 1947 it changed its name
to Federal Bank.

In 1964, the bank embarked on a series of acquisitions that would substantially increase its size.
It acquired the Chalakudy Public Bank in Chalakudy, the Cochin Union Bank in Trichur, and
the Alleppey Bank in Alleppey. The next year it acquired the St.George Union Bank in
Puthenpally. Lastly, in 1968, it acquired the Marthandom Commercial Bank in Trivandrum.

In 1970, the bank became a Scheduled Commercial Bank.

In 2006, Federal Bank acquired Ganesh Bank of Kurundwad after the Reserve Bank of India
suspended the bank. Established in 1920, Ganesh Bank had its headquarters at Kurundwad,
Maharashtra. The bank had a network of 32 branches and its operations were concentrated in
Sangli and Kolhapur in Maharashatra and Belgaum in Karnataka. Prior to the merger, Federal
Bank had 20 branches in Maharashtra.

Recently, it opened a representative office in Dubai.

[edit] See also

• Indian banking

[edit] References
1. ^ Federal Bank's operating profit up 25 per cent The Hindu, Jan 26, 2007

[edit] External links

• Official Site of the bank
 [hide]
v•d•e
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