As per a recent press report the Kerala based Federal Bank has said that lending to the agricultural sector would gain more profit while the other banks have an impression that lending to the agricultural sector is risky. According to Mr. T.S. Jagadeesan, Chief General Manager of Federal bank, lending to agriculture is profitable. The… Read More »
A recent press release said that the Kerala based Federal Bank has planned to enter into investment banking and equity broking. A senior official from the Kochi based lender told that the bank would make its entry into equity broking business and the bank is also eager to open investment banking services. But the timelines… Read More »
A recent press report said that private sector lender Federal Bank has set plans to expand its business in the coming 2 years span. The lender has planned to increase its branch count by 245. Reports said that with the new addition, the total branch count of the bank would sum up to 755. Mr.… Read More »
A recent press report said that private sector lender Federal Bank has planned to make its entry into the credit card business of India in order to expand its reach and presence in the Indian banking domain. The bank has planned only to market the cards while the backend mechanism of the card would be… Read More »
A recent press report said that Federal Bank is looking at substantial expansion of its footprint in the next 12-24 months by adding another 245 branches to its present network of 755. Mr. Shyam Srinivasan, Chief Executive and Managing Director, of the bank said that the branch network of the bank would grow to 1,000… Read More »
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… Read More »