BANKING AFFAIRS

Detailed explanation-1: -Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kochi, Kerala. The bank has 1, 336 branches spread across different states in India. It also has representative offices abroad in Abu Dhabi, Qatar, Kuwait, Oman, and Dubai.

Detailed explanation-2: -Federal Bank Limited is one of the major Indian commercial banks in the private sector headquartered at Aluva Kerala. The Bank operates in four segments: treasury operations wholesale banking retail banking and other banking operations.

Detailed explanation-3: -Top Private Banks in India | Federal Bank Founder | Federal Bank | Personal Banking.

Detailed explanation-4: -With his vision and foresight, Shri Hormis brought into the institution a new level of dynamism, to transform it into a pan-India organisation. Licensed under the Banking Regulation Act, 1949, on July 11, 1959, the Bank went on to become a scheduled commercial bank on July 20, 1970.

Detailed explanation-5: -By total sales during the year, HDFC Bank is the largest private bank in India. As part of the Reserve Bank of India’s (RBI) liberalisation of the Indian Banking Industry in 1994, it was among the first to receive in-principle approval to establish a bank in the private sector.