Federal Bank Ltd is a major Indian commercial bank in the private sector headquartered in Kerala having more than thousand branches and ATMs spread across different States in India.
It is the fourth largest bank in India in terms of capital base.
The rating factors in the long standing track record of the bank, high level of capitalization aided by the successful global depository receipt (GDR) issue and internal accruals, strong solvency position, higher profitability and improving risk management systems and technology orientation.
As of October 2014, the Bank has 1,216 branches spread across 24 states and 1,449 ATMs across the country. Its balance-sheet stood at Rs 1.03 trillion (US$ 16.44 billion) as of end March 2014 and its net profit stood at Rs 8.39 billion (US$ 133.99 million) for the full fiscal year.
Federal Bank Ltd: Your perfect banking partner
|2015||Federal Bank received Banking Frontier's Finnoviti 2015 Award for its innovative product ‘Scan N Pay’.|
|2014||Won the CNBC Award for Financial Inclusion.|
|2013||Was awarded ‘The Best Bank among Private Sector Banks’ constituted by Institute of Public Enterprises (IPE).|
|2007||Won the Banking technology award instituted by Indian Banks Association for the Best clearing & Settlement System.|
|1989||Commenced merchant banking operations.|
|1965||Merged with St. George Union Bank Ltd.|
|1931||The bank was incorporated.|
Updated: March, 2015