CURRENT AFFAIRS

Detailed explanation-1: -’FEDDY’ is an AI powered Virtual Assistant by Federal Bank. It is backed by state-of-the-art machine learning algorithms to help customers with banking related queries 24x7.

Detailed explanation-2: -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. Want to know more?

Detailed explanation-3: -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-4: -The new branches include Mehdipatnam in Telangana, Bangalore / Thanisandra in Karnataka, Kanpur Ashok Nagar in Lucknow, Jabalpur in Madhya Pradesh, Sirunesalur and Mathandakuppam in Tamil Nadu.