Not to be confused with Federal bank forex Reserve Bank. This article needs additional citations for verification.
The Federal Bank Limited is a major private sector commercial bank headquartered at Aluva, Kochi, Kerala. As on 31 March 2016, Federal Bank has 1252 branches and 1680 ATMs across the country. The history of Federal Bank dates back to the pre-independence era. 5000 from Pattamukkil Varattisseril Brother’s at Pattamukkil Varattisseril Ancestral Home, Nedumpuram a place near Thiruvalla in Central Travancore on 24th April 1931 under the Travancore Company’s Act, 1916. The founders included Pattamukkil Varattisseril Oommen Geevarghese, and his brothers Oommen Chacko, Oommen Kurian, and Oommen George. Oommen Geevarghese was the founder chairman and Oommen Chacko was the managing director.
30th December 1944 and till 18th May 1945 Travancore Federal Bank Limited functioned at Nedumpuram under his chairmanship. In January 2008, Federal Bank opened its first overseas representative office in Abu Dhabi. In April 2015, Federal Bank posted its highest ever net profit at Rs 1005. 75 crore for the fiscal 2014-15. In November 2016, Federal Bank opened its second UAE representative office in Dubai as part of a strategy to expand footprints in the Persian Gulf region to serve its fast growing overseas clients. This section contains content that is written like an advertisement. In July 2015, Federal Bank introduced automated chat facility, a first of its kind by an Indian bank.
The virtual agent generates personalised responses to customer queries. In August 2015, creating history, Federal Bank launched India’s first Mobile App for Bank Account Opening. In August 2016, Federal Bank launched Lotza, the Unified Payment Interface app. In April 2016, Federal Bank opened ‘Launchpad’, exclusive outlets for startups. Federal Bank was the principal sponsor of Kochi Tuskers Kerala. The tickets for home matches were sold through Federal bank branches and their website.