CURRENT AFFAIRS

Detailed explanation-1: -As part of the Corporate Social Responsibility initiatives, Bank started the Federal Skill Academy at Kochi on Founder’s Day-2015 to impart quality technical education to merit oriented candidates coming from economically underprivileged background.

Detailed explanation-2: -Incorporated on April 23, 1931, as the Travancore Federal Bank Limited, Nedumpuram under the Travancore Companies Regulation, 1916, the Bank was renamed as The Federal Bank Limited in December 1949, under the stewardship of Late K.P. Hormis, who took over its reigns in 1945.

Detailed explanation-3: -Federal Bank has 1468 branches in 29 states / union territories of India.