It was in 1931 that The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorised capital of Rs. 5000 at Nedumpuram in Central Travancore under the Travancore Company’s Act. In 1941, Shri K.P Hormis and friends stepped in to help the bank which was on the verge of liquidation and obtained controlling interest in the bank.
In 1959, the bank was licensed under Sec.22 of the Banking Companies Act, 1949. In the period 1964 through 1968, the bank embarked on a massive acquisition bid with the merger of a total of five companies with the bank. The bank was given Scheduled Commercial Bank status in the year 1970. Since then the bank has progressed in leaps and bounds, expanding outside of Kerala in the year 1972. Currently, the bank has more than 600 branches all over India.
Federal Bank has a number of firsts to its name, being the first bank to introduce Electronic Telephone Bill Payment, implement Express Remittance Facility from Abroad, provide RTGS facility in all its branches and attain 100 % connectivity.
Presently, the bank offers personal loans, car loans, home loans, Kissan credit cards, Jeevan suraksha loans, other loans and a host of technology products.