Federal Bank
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| Private | |
| Traded as | : FEDERALBNK : : |
| Industry | Banking and allied industries |
| Predecessor | Travancore Federal Bank |
| Founded |
Founded at Nedumpuram,1931 Moved to Kochi,1945 |
| Founder |
Travancore Federal Bank : Oommen Geevarughese Federal Bank : Kulangara Paulo Hormis |
| Headquarters | Federal Towers, Aluva, Kochi - 683 101, Kerala, India. |
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Area served
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India |
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Key people
|
Shyam Srinivasan (Managing Director & CEO), Nilesh Shivji Vikamsey (Part Time Chairman) |
| Products | Loans, Savings Accounts, Current Accounts, Credit Cards, Debit Cards, Payment Gateway etc. |
| Revenue |
 ₹77.4 billion (US$1.2 billion) (2016) |
| Website | www.federalbank.co.in |
Founded at Nedumpuram,1931
Travancore Federal Bank : Oommen Geevarughese
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 spread across 24 states and 1516 ATMs across the country. Its balance-sheet stood at Rs 1.37 trillion as of end March 2016 and its net profit stood at Rs 475 crore for the fiscal year.
The history of Federal Bank dates back to the pre-independence era.The Bank was incorporated on 23 April 1931 as the Travancore Federal Bank Limited, Nedumpuram under the Travancore Companies Regulation Act,1916. In 1931, Travancore Federal Bank began operations at Pattamukkil Varattisseril house near Nedumpuram, near Thiruvalla, Kerala. The home functioned as the bank office for nearly 15 years. The 14 founders included Pattamukkil Varattisseril Oommen Geevarghese, his brothers Oommen Chacko, Oommen Kurian, and Oommen George, and K.G Lukose. Oommen Varghese was the chairman and Oommen Chacko was the manager. After the bank had functioned for nearly 10 years, the bank's day-to-day operations had to be stopped due to Oommen Chacko's ill-health.
Travancore Federal Bank Limited was incorporated with an authorised capital of Rs 5000 at Pattamukkil Varattisseril house at Nedumpuram, a place near Thiruvalla in Central Travancore on 28/4/1931 under the Travancore Company's Act. It started business of auction-chitty and other banking transactions connected with agriculture and industry.
A lawyer from Perumbavoor named K.P.Hormis, and his acquaintances, bought the bank and took over the management on 1945.In 1945 they moved the bank's registered office to Aluva and Hormis became the Managing Director.
In 1949 December 2, the bank's name was shortened from Travancore Federal Bank to Federal Bank.
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Wikipedia