FEDERALBNK
The Federal Bank Ltd. Fundamentals
The history of Federal Bank dates back to the pre-independence era. The Bank was incorporated on April 23, 1931 because the Travancore Federal Bank restricted, Nedumpuram below the Travancore corporations Regulation, 1916. Late K.P. Hormis, the visionary banker and founder took up the reigns in 1945 and designed the bank a nationwide institution. The Bank'' name was modified to The Federal Bank Limited on December 2, 1949. The Bank was licensed under the Banking Regulation Act, 1949, on July 11, 1959 and have become a regular banking concern under the Second Schedule of bank of Bharat Act, 1934 on July 20, 1970. nowadays the bank is gift in several States, Delhi NCT and Union Territories and also the bank is listed in BSE, NSE and London Stock Exchange.
Federal Bank could be a major indian banking concern within the personal sector headquartered at Aluva, Kerala having several branches and ATMs unfold across different States in India. The Bank is a pioneer among ancient banks in India in the space of mistreatment technology to leverage its operations and was among the primary banks in India to computerize all its branches.
Products & Services
Personal Banking - The bank provides a large vary of banking product and services comparable to saving accounts, deposits, personal loans, ATM services, tele-banking services, RTGS, insurance, etc.
NRI Banking - The bank offers a wide range of NRI services through all its branches. Non-Resident Indians (NRI) can open Non-Resident External (NRE), Non- Resident standard (NRO) accounts in Indian Rupee. you'll even have Foreign Currency Non- Resident (FCNR) accounts in six foreign currencies approved by depository financial institution of India (US Dollar, British Pound, Euro, Japanese Yen, Canadian dollar and Australian Dollar). Returning NRIs will open Resident Foreign Currency (RFC) account with any of their branches.
SME-Business Banking - The bank offers a parameterized loan and numerous accounting product custom-made for every sector below SME. Competitive pricing, relaxation in collateral security, collateral free loans with CGTMSE cover, customization in various current account products, money management services, net bill payment facility etc are a number of the options of their products that makes them a true friend of entrepreneurs.
Company Banking - The bank offers customized structured products to satisfy the specialised necessities of corporates, establishments and business clients. every member of their finance team brings with him a wealth of dealings expertise across transaction varieties and sectors to cater to you better. The bank has emerged together of the leading personal sector banks within the country, in providing a gamut of product for industry, trade and infrastructure sectors. The bank serves a large vary of consumers across varied industries, segments and regions.
Awards and Recognitions
2008-09: The Dun & Anne Bradstreet Banking award 2009.
2009-10: The ‘Great Mind Challenge'' award.
2010-11: The IDRBT award.
2011-12: Federal Bank received the NPCI award being the best contributor in range of transactions within the month of August 2012.
2011-12: Federal Bank received the NPCI Award for Excellence in promotion of entomb Bank Payment Service.
2011-12: Federal Bank received IDRBT Banking Technology Excellence Awards for year 2011-12.
2011-12: world CSR Award for ‘Best company Social Responsibility observe Overall’.
2011-12: Federal Bank bagged the distinguished Golden Peacock Award for its CSR Initiatives.
2011-12: KMA Excellence Awards 2011.
2011-12: ACI Excellence Awards 2012.
2012-13: Federal Bank won ACI Excellence Award 2013 for Apna Gold.
2012-13: Federal Bank was awarded ‘The Best Bank among non-public Sector Banks’.
2012-13: Federal Bank won 2 IDRBT Awards for Excellence in Banking Technology.
2013-14: Federal Bank won the Banking Frontier'' Finnoviti 2013 Award for its innovation Virtual register (VAS).
2013-14: Federal Bank won IBA Innovation Award 2013 for FedBook.
2013-14: Federal Bank was awarded ‘The Best Bank among non-public Sector Banks’.
2013-14: Federal Bank was awarded the ‘Most Socially Committed Organization’.
2014-15: Federal Bank wins IDRBT Banking Technology Excellence Awards.
2014-15: Federal Bank baggage CNBC Award for money Inclusion.
2014-15: Federal Bank wins Greentech time unit Award 2014.
2014-15: Federal Bank won MasterCard Innovation Award 2014.
2014-15: Federal Bank won ACI Excellence Award 2014 for the class ‘Customer Service’.
2015-16: Federal Bank gets ET Best company whole 2016 Award.
2015-16: Federal Bank wins the Skoch sensible Technology Award 2015 for FedBook Selfie.
2015-16: Federal Bank gets Banking Frontiers exalting Work place Award for Best time unit & Talent Practice.
2015-16: Federal Bank bags IDRBT Award for Digital Banking, Analytics and large information in mid-sized Banks Segment.
2015-16: Federal Bank wins Banking Frontier'' Finnoviti 2015 Award.
2016-17: Federal Bank received ‘Runner Up’ award for max RUPAY cards issued bank – 2016.
2016-17: Federal Bank won the award for the simplest use of Digital and Channels Technology among tiny banks within the IBA Banking technology Conference, aggregation & Awards 2017.
2016-17: Federal Bank won SKOCH sensible Technologies Gold Award for 2016.
2016-17: Federal Bank gets MasterCard Innovation Awards 2016 underneath 2 categories.
2016-17: Federal Bank received the distinguished sixth Annual Greentech time unit Award for ‘Technology Excellence in HR’.
2017-18: Federal Bank Wins National Payment Excellence Award.
2017-18: Instant Account gap received awards for SKOCH Technologies for Growth Award 2017 by SKOCH group.
2017-18: Skoch award in Banking and Finance Gold class for ‘Federal Bank cross border payment solution’ 2018.
2017-18: Federal Bank has won best trailblazer at ‘KMA NASSCOM IT awards’.
2018-19: Federal Bank has won the simplest Bank of the Year award at the Dhanam Banking and Finance Summit.
2018-19: Federal Bank won first prize in best technology bank award 2019.
2018-19: Federal Bank Wins National Payment Excellence Award.
2018-19: Federal Bank was adjudged winner of ‘best use of blockchain technology’ at Drivers of Digital awards 2018.
2019-20: Federal Bank has won the Bank of the Year 2019 Award at the Dhanam Banking and Finance Summit.
2019-20: Federal Bank has presented with the simplest Bank tiny – first Runner Up Award underneath the Best Bank class at the eleventh edition of Magna Awards instituted by Business world.
2019-20: Federal Bank has won Indian categorical cluster Technology Senate Award for FedRecruit.
2019-20: Federal Bank won 1st prize in Best Technology Bank award organized by IBA.
Milestones
1931: The Federal Bank restricted (the erstwhile Travancore Federal Bank Limited) was incorporated with Associate in Nursing authorised capital of Rs 5000 at Nedumpuram, an area close to Tiruvalla in Central Travancore on 23/4/1931 underneath the Travancore Company'' Act. It started business of auction -chitty and different banking transactions connected with agriculture and industry. The bank although roaring within the earlier periods, suffered set backs and was on the verge of liquidation.
1946: The Bank opened its second branch at Angamally.
1947: within the Board Meeting, it was resolved to vary the name of the Bank as ‘The Federal Bank Limited’. The third branch of the Bank was opened at Perumbavoor.
1959: The Bank was authorized underneath Sec.22 of the Banking firms Act, 1949. Bank floated many kuries one once another. It additionally introduced several new deposit schemes. These methods helped the Bank to grow at a bigger pace.
1965: The George Union Bank Ld. Puthenpally was incorporated with the Bank.
1968: The Marthandom full service bank Ltd. Trivandrum was amalgamated with the Bank.
1970: The Bank became a scheduled full service bank in 1970, that additionally coincided with the jubilee Year, since the Bank commenced its operation in Aluva.
1976: Bank opened fifty three branches throughout the year 1975 and forty two branches 1976. the entire range of branches reached 276 from 114 in 1973.
1977: The paid up capital grew from Rs 10.66 hundred thousand to Rs one hundred lakh.
1989: Commenced bourgeois Banking Operations.
1993: Roped in ICICI cluster as a shareowner through non-public placement.
1997: Bank'' initial ATM was inaugurated at Ernakulam North.
1999: Bank'' four-hundredth branch was inaugurated at Calcutta- William Shakspere Sarani.
2000: The Bank has commenced web Banking ''FedNet'' on with software package support from Infosys Technologies.
2000: Launched facility Services in association with NSD.
2001: Wide space Network was launched connecting Regional Offices at Mumbai, Bangalore, Madras, Ernakulam and Chennai F & I with Head Office.
2003: International Debit Cards launched.
2004: Federal Bank becomes the primary ancient bank to network all its branches and attain 100 percent connectivity.
2004: Co-branded credit cards launched in association with ICICI Bank.
2004: initial Bank to launch machine-controlled phone bill payment through Interactive Voice Response System (IVR).
2004: Bank launched Associate in Nursing innovative product ''Fed-e-Pay'' for machine-controlled payment of utility Bills.
2005: Federal Bank in association with AMRITA super specialty hospital launches Fed+Amrita, an innovative on-line system for fixing medical consultation, medical checkup up, and inmate payments from anywhere.
2006: Bank entered into life assurance venture with IDBI & FORTIS.
2007: A full fledged information Center was originated by the Bank.
2007: Bank fashioned a Centralized process Centre for unifying the account gap method to create it fast and efficient.
2007: All branches/offices of the Bank were migrated to Centralised Banking resolution (CBS), Finacle.
2008: Opened initial overseas Representative workplace at Abu Dhabi, UAE.
2008: Bank started providing on-line Stock commercialism facility to the shoppers in association with Geojit money Services.
2009: Launched 3 new variants of Visa Debit Cards – Platinum, Gold and Shop''n Save.
2010: Launched purpose Of Sale (POS) Terminal Business.
2010: Federal Bank became a part of National money Switch ATM Network – the biggest ATM network in India.
2010: Launched Debit Cards in association with MasterCard.
2011: Federal Bank launched general insurance protect the customers for stabilising the link with the clients.
2011: Launch of Fed Pravasi Oriental Insurance for NRI Patrons.
2011: Bank signed Inward payment Agreement with Samba Bank, one in all the biggest banks in KSA.
2012: Bank launched quick line of work Visa International Business open-end credit to SME/Corporate purchasers .
2012: Federal Bank created hold up with Manipal world Education services for offering one year Post graduate credential in Banking and Finance.
2013: Federal Bank launched its ‘Online religious ritual Services Bouquet’ in association with the distinguished Sree Padmanabhaswami Temple, Thiruvananthapuram.
2013: Inauguration of Federal Bank'' third Currency Chest at Mumbai.
2013: Bank revamped its company web site to a portal primarily based platform, providing new options to customers.
2014: Federal Bank opened its initial International customary 24X7 Banking facility christened Federal expertise Center at Nedumbassery, Kochi.
2015: Federal Bank launched VConnect - Associate in Nursing exclusive video conference facility that allows customers to move with Bank'' Relationship Managers face to face from any a part of the world.
2015: Federal Bank joined hands with Startup Village in Kerala and MobME wireless to launch India'' first centered FinTech Accelerator Programme.
2015: Federal Bank and SBI Card declared their collaboration to launch Federal Bank-SBI co-branded credit cards.
2015: Federal Bank launched Scan N Pay, Associate in Nursing innovative payment app for smartphones.
2015: Bank introduced Mobile Recharge facility through its ATMs.
2015: Bank launched FedBook Selfie - a mobile primarily based SB account gap application that is initial of its kind in India.
2016: Federal Bank launched Payment entrance facility for KSEB electricity Bill payment.
2016: Federal Bank has launched ‘Launchpad'', an exclusive outlet for start-ups.
2016: Federal Bank launched its Unified Payments Interface (UPI) application ''Lotza''.
2017: FedCorp - mobile banking app for company customers was introduced to empower them with the benefit of banking at the fingertips.
2017: Federal Bank introduced PayLite- a comprehensive net primarily based resolution for process bulk transactions of company clients.
2018: Bank launched the moment Account gap (IAO) through Tab and net based account opening modes in branches.
2018: Bank launched Fed E Biz, a whole 360 degree Digital Omni-channel dealings Banking Platform for Corporates.
2019: Introducing new bank account theme - ‘GBD SUPER S1’ - for PSUs and Government Departments and bank additionally introduced Internal investigator theme within the Bank.
2019: Introducing Certificate transfer portal for customers.
2019: Bank developed a replacement solution, avail Advance Against Deposit by causation simply Associate in Nursing SMS/ creating a uncomprehensible call. Customers will avail the AAD with none work & instantly, while not visiting the branch.
2020: Federal Bank joins hand with Maruti Suzuki to produce dealer loans, retail automotive financing.
2020: Federal Bank partners with Magicbricks for fast disposal of unmovable properties.
2020: Federal Bank, Innoviti Payment Solutions enter into partnership to supply convenient EMI options.
Federal Bank Stock Price Analysis and Quick Research Report
Let’s scrutinize however Federal Bank is acting and if it's the proper time to buy the stock of Federal Bank with careful analysis.
For Banking companies, The first supply of financial gain is interest attained on varied loans given to people and corporates. Federal Bank has earned Rs 13,757.90 Cr. revenue within the latest money year. it's denote tight revenue growth of 12.15 percent in last three Years.
In terms of advances, the bank reported 7.86 % YOY, rise . If you see 3 years advance growth, it stands at 12.77 %.
Presently the corporate includes a CASA ratio of 34.01 %. It’s overall value of liability stands at 4.53 %. Also, the whole deposits from these accounts stood at Rs 1,72,644.48 Cr.
The Bank includes a average ROA track record. The ROA of Federal Bank is at 0.83 percent.
The loaner is expeditiously managing it’s overall plus portfolio. The Gross NPA and web NPA stood at 3.41 % and 1.19 % severally as on the most recent money year.
One alternative necessary measure of banks’ financial health is provisioning coverage ratio. The YoY modification in provision and contingencies is positive at 40.73 % which implies it's multiplied from the previous year.
Non-Interest income or alternative financial gains are vital for banks because it provides an everyday supply of income for bank with no further risk. alternative income of Federal Bank surged and is presently at Rs 1,944.91 Cr.
The corporate includes a smart Capital Adequacy quantitative relation of 14.62 .
The simplest metric that provides insights regarding bank’s valuation is P/B ratio. presently Federal Bank is trading at a P/B of 1.05 . The historical average lead was 1.23.
NOTE: We might update this page with latest updates/information/news etc if it deems to be necessary.
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