Federal Bank Ltd Company History

The Bank was incorporated in 1931 as Travancore Federal Bank Limited to cater to the banking needs of Travancore Province by a small group of local citizens. It embarked on a phase of sustained growth under the leadership of K.P. Hormist. The bank

along with six other banks co-promoted Bharat Overseas Bank Ltd.

The Board of Directors of the Bank was reconstituted and fresh Articles of Association were adopted and the Bank was renamed asThe Federal Bank Limited.

During March, the bank issued 25,25,000 No. of equity shares of Rs 10 each at a premium of Rs 25 per share in proportion 1:2. Another 5,25,000 No. of equity shares were offered to the

employees on an equity basis. Only 30,47,894 shares of the above taken up (2,106 shares kept in abeyance). Another 30,00,000 No. of equity shares were allotted at a prem. of Rs 30 per share to ICICI associates companies.

During March, the company offered to the public 35,45,500 shares at a prem. of Rs 80 per share. Additional 1,72,600 shares were allotted to retain oversubscription. During January 1996, the bank issued 74,08,122 rights equity shares (prem. Rs 140; prop. 1:2) 73,51,734 shares taken up.

50,50,000 No. of equity shares were issued and paid-up of which 3,318 No. of equity shares were issued for consideration other than cash on 27.1.1965 to shareholders of erstwhile St. George Union Bank Ltd., Puthenpully, Kerala.

The Company undertook as 3 year Information Technology Strategic Plan 2000 for automating its branches in a phased programme.

The bank has developed "Fedsoft" the automation software package in-house which is being used by 40 branches. An Automatic Teller Machine (ATM) was installed at the Vile Parle branch in Mumbai during the year.

The bank is the second largest private sector bank with a network of more than 360 branches which till recently was restricted to the southern States.

The Aluva-based Federal Bank Ltd. has set up its site on the World Wide Web on the Internet, Information about the bank and its products and services can be accessed form http://www.federal-bank.com.

Federal Bank has infused an additional Rs.10 crore in the equity capital of its investment banking subsidiary, Fedbank Financial Services in 1996-97.

The Federal Bank Limited, the largest scheduled bank in Kerala, had developed its own computer software named FedSoft.

The software was developed by the bank in collaboration with Datanet Corporation, Bangalore and the package was based on state-of-the-art technology and the latest workflow concepts.

Industrial Credit and Investment Corporation of India (ICICI) has entered into a strategic alliance with two Kerala-based private sector banks-Federal Bank Ltd (FBL) and South Indian

Bank Ltd (SIBL)-to share business interests and strategies.

Federal Bank Ltd, the largest scheduled bank in Kerala, with a network of over 350 branches throughout the country.

The Federal Bank Limited, the largest private sector banking network in the country, has taken over an Abu Dhabi-based financial institution Exchange Bank dealing in foreign exchange.

The Federal Bank, the largest banking network in India in the private sector, is working on various customer-friendly schemes in the wake of the liberalisation globalisation measures

unleashed by the government.

The Federal Bank Limited has launched a new deposit scheme named Fed Flexi.

The Kochi-based Federal Bank will open 100 more branch spread across the country by the turn of the century. With this, the total branch strength of the bank will cross 500.

The Alwaye-based Federal Bank has launched three tailor-made loan schemes.

As part of its plan to widen the retail credit portfolio, the Aluva-based Federal Bank has launched three new schemes topromote travel and tourism, fund short and long-term needs of

the trading community and to finance payments of premium of LIC's Bima Nivesh.

Federal Bank, one of the country's old private banks, opened its first specialised branch for asset recovery in Mumbai on December 16, '99.

The Bank has also set up a target of Rs 86 crore in the current year for the recovery of the non-performing assets (NPAs).

The bank has set up an asset recovery department at it corporate

office at Alwaye and strengthened asset recovery cells at regional offices.

Federal Bank is to foray into internet banking and E-commerce in the month April. The Bank will be he first among the old private sector banks in the country to diversify into internet banking.

The Bank has entered into marketing pacts with some commercial agencies for its E-commerce business.

The Aluva-based Federal Bank has tied up with Escotel Communications tolaunch mobile banking services using SMS technology.

Federal Bank has launched a new deposit scheme christened as `Suraksha' for senior citizens.

Unveils Anywhere Banking provides the convenience of doing transactions from 300-plus interconnected branches

ICICI Bank divests 0.31% stake in Federal Bank.

Federal Bank cuts Home loan interest rates.

Achieves 100% interconnectivity among all its branches

Launches Equity Subscription Scheme, a new retail product for financing the IPOs and public issue applications of its customers

Acquires a prime property in Chennai-owned by Ramco Super Leathers under Securtisation and Reconstruction of Financial Assets and Enforcement of Security Act. The property, spread over six grounds and 26,000 sq ft on Anna Salai, is estimated to have a market value of Rs 16 crore.

Federal Bank unveils treasurer's calendar

Federal Bank join hands with ICICI Prudential Life Insurance Co. Ltd. for premium collection through its branches

Federal Bank introduces new Fed e-Pay services

JRG Securities Ltd has forged alliance with Federal Bank Ltd for providing loans for subscribing to initial public offers (IPOs).

FedBank gets award for best use of IT

Federal Bank keen on merger with southern entity

Federal Bank to acquire Ganesh Bank

Federal Bank rolls out savings deposit schemes

Federal Bank gets banking tech awards

Federal Bank bags YMCA award

IDBI Bank, Fortis join Federal Bank for risk JV

The company has issued rights in the ratio of 1:1 at a premium of Rs.240/- Per Share.

Federal Bank buys stake in LVB, South Indian

Federal Bank to set up office in Abu Dhabi

Federal Bank Ltd Issues Rights in the Ratio of 1:1

Federal Bank Ltd has informed that Reserve Bank of India vide letter dated July 08, 2008 approved the appointment of Shri. P R Kalyanaraman, Executive Director as Whole Time Director of the Bank for a period of 3 years w.e.f. January 03, 2008.

Federal Bank in association with Geojit Financial Services has unveiled its online trading product called Fed-e-Trade as part of the bank's efforts to provide various products and services to customers. However, the retail clients of the bank will now have the access to online trading in equities as well as the derivatives, IPOs and mutual funds through Geojit's online trading platform.

Federal Bank Ltd has informed that Dr. M Y Khan has been appointed on the Board of the Bank as a non-executive, independent director.

Federal Bank has launched a call centre facility where the 24-hour service of the contact centre would be available on dialing a toll-free number 18004251199.

Federal Bank unveiled FedSelect, a premium product for their high networth individual (HNI) customers.

Shyam Srinivasan has taken charge as the Managing Director & CEO of Federal Bank with effect from September 23.

Federal Bank Ltd has appointed Shri. Shyam Srinivasan as Managing Director & Chief Executive Officer of the Bank.

Federal Bank signs deal with Al Ansari Exchange

Shri Nilesh S. Vikamsey has been appointed Director of the Bank.

Federal Bank has introduced its 1000th branch at Muthoor near Thiruvalla in Kerala to become the first Kerala based bank to cross this mark.

Federal Bank has launched a real time funds transfer service for its customers for transferring funds to merchants and enterprises through mobile phones.

Federal Bank launched its "Online Religious Offering Services Bouquet" in association with the prestigious Sree Padmanabhaswami Temple, Thiruvananthapuram.

Bank entered into a tie up with Tata Communications Payment Solutions Ltd (TCPSL) for acting as the sponsor bank for white label ATM's to be deployed by TCPSL. Federal Bank is the first bank in India to be the sponsor bank for White Label ATM's.

Federal Bank won IBA Innovation Award 2013 for FedBook, the mobile passbook application.

Federal Bank has splits its face value from Rs 10/- to 2/-

Federal Bank won Finacle Client Innovation Award

Federal Bank won MasterCard Innovation Award 2014

Federal Bank won ACI Excellence Award 2014 for the category Customer Service

Federal Bank opens branch at Thiruvananthapuram

Federal Bank offers health insurance for all new savings A/c

The Company has allotted the Bonus Shares to its shareholders in the Ratio of 1:1.

Federal Bank tie-up with Transfast Remittance LLC for Inward remittances from USA

Federal Bank ties with Philip Capital for managing PIS

Federal Bank received "Runner Up" award for maximum RUPAY cards issued bank - 2016.

Federal Bank won SKOCH Smart Technologies Gold Award for 2016.

Federal Bank won the award for the best use of Digital and Channels Technology among Small banks in the IBA Banking technology Conference, Expo & Awards 2017.

Federal Bank gets MasterCard Innovation Awards 2016 under Two categories.

Federal Bank Launches Open Banking Platform.

Federal Bank Wins Award for Best Use of Block Chain Technology.

Federal Bank ties up with Fortune Wealth to offer PIS services.

Federal Bank gets RBI nod to enter Bahrain, Kuwait, Spore.

Federal Bank launched the highest variant of SB account Celesta. The new SB variant is designed in such a manner that it will provide contemporary best in class offerings to the customers and a Beyond Banking experience.

Federal Bank developed a new solution, avail Advance Against Deposit by sending just an SMS/ making a Missed call.

Federal Bank launched Contactless Debit cards. Contactless is the latest digital card payment technology which will help you to spend less time at the cash counter.

Federal Bank introduced online Demat account opening facility through FedNet, its Internet Banking portal.

Federal Bank introduced Fed-e-Point", a customer self service portal where all the self-services facilities offered to the customers are available under a standard user interface and with single sign-on authentication.

Federal Bank introduced FEDDY, an AI powered Virtual Assistant of Federal Bank. It is backed by the state-of-the-art machine learning algorithms from Google.

Federal Bank introduced BYOI - Buy Your Own Insurance, which facilitates the customer to buy insurance products himself, through Federal Bank website.

Federal Bank introduced VAO (Video-KYC for Account Opening) using which we can do customer identification process and allow opening of a full-fledged savings account.

Federal Bank introduced GoNoGo, a Digital Lending Platform for quick sanction of Auto Loans.

Federal Bank launched MahilaMitra Plus, an exclusive savings account for women that offers curated set of features, designed to make financial planning and investments easy and hassle free.

Federal Bank launched Imperio Family Banking, which is an impeccable banking service which is designed to suit the uniqueness of the targeted mid-HNI customer segments.

Federal Bank introduced Fed Smart Saver Gold Loan Scheme, an innovative gold loan scheme that rewards the promptly repaying smart customer with 50% of the interest as rebate.

Federal Bank’s own Credit Cards (Celesta, Imperio and Signet) were launched for Existing to bank Pre-Approved customers.

Federal Bank introduced Self-Service Passbook Printing Kiosks at select branches.

Federal Bank and Aditya Birla Health Insurance enter bancassurance partnership.

Federal Bank launches an exclusive feature-rich scheme for women.

Federal Bank launches Credit Cards in association with Visa.

Federal Bank partners with OneCard to offer mobile-first Credit Card.

Federal Bank Expands Collaboration with Oracle and Infosys to Implement a Cloud-Based Customer Relationship Management System.

Federal Bank Launches Exclusive NR Savings Accounts for NRI Women.

Federal Bank celebrates Adyar and its people through an extraordinary initiative.

Federal Bank Inaugurates New Branch in Ambernath, Expanding its Presence in Maharashtra.

Federal Bank Introduces Cheque DD Collection Kiosk in Patna City for tax payments.

Federal Bank launches RuPay backed NCMC wallet Debit Cards.

Federal Bank wins the title 'Bank Of The Year 2023' in India instituted by 'The Banker'.

Federal Bank is featured among India's Best WorkplacesTM for Millennials 2023.

Bank introduced Lifetime Free Credit Card offer, under which Federal Credit Card holders can enjoy Zero Joining Fee and Zero Annual Membership Fee for the entire life term.