knowmyifsc.com

Federal Bank, originally incorporated on April 23, 1931, as the Travancore Federal Bank Limited, began its operations at Nedumpuram in Central Travancore, focusing on auction-chitty and banking transactions related to agriculture and industry. The bank's name was officially changed to Federal Bank Limited on December 2, 1949, after fulfilling the requirements of the Banking Regulation Act, 1949. A key moment in its growth came in 1970 when it became a Scheduled Commercial Bank, a status that coincided with the bank's Silver Jubilee year of operations in Aluva, which is now its headquarters in Kerala. Throughout the 1960s, the bank expanded its footprint by taking over several smaller regional banks, including the Chalakudy Public Bank and Cochin Union Bank.

Federal Bank is an Indian private sector bank and a publicly traded company, with its shares listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and the London Stock Exchange (LSE). Its significance in the Indian financial system is primarily rooted in its extensive network and its major role in international finance, particularly as one of the largest handlers of personal inward remittances to India, managing approximately over one-fifth of the nation's total. The bank maintains a significant domestic presence with over 1,500 banking outlets and a large customer base exceeding 19 million, cementing its position as a major player among India's non-nationalized commercial banks.