Federal Bank Ltd
NSE: FEDERALBNK BSE: 500469
₹289.90
(1.15%)
Sat, 23 May 2026, 06:48 pm
Market Cap699.22B
PE Ratio16.58
Dividend0.42
Finance
Major Banks
24.5KCompany History
1931
- Incorporated as Travancore Federal Bank Limited.
- Embarked on growth under K.P. Hormist leadership.
- Co-promoted Bharat Overseas Bank Ltd with six other banks.
1949
- Reconstituted Board of Directors, adopted new Articles of Association, renamed to Federal Bank Limited.
1993
- Issued 25,25,000 equity shares at Rs 25 premium, 5,25,000 to employees, 30,00,000 to ICICI associates.
1994
- Offered 35,45,500 shares to public at Rs 80 premium.
1995
- Issued 50,50,000 equity shares, including 3,318 to St. George Union Bank shareholders from 1965.
1996
- Undertook 3-year IT Strategic Plan 2000 for branch automation.
- Issued 74,08,122 rights equity shares at Rs 140 premium.
1997
- Developed Fedsoft automation software in-house with Datanet for 40 branches.
- Installed ATM at Vile Parle branch, Mumbai.
- Launched website www.federal-bank.com.
- Infused Rs 10 crore into Fedbank Financial Services.
- Entered strategic alliance with ICICI and South Indian Bank.
- Acquired Abu Dhabi-based Exchange Bank.
1998
- Launched Fed Flexi deposit scheme.
- Planned 100 new branches to exceed 500 total.
- Launched three tailor-made loan schemes.
1999
- Launched schemes for travel, tourism, trading, and LIC premiums.
- Opened first specialised asset recovery branch in Mumbai.
- Set Rs 86 crore target for NPA recovery.
- Set up asset recovery department.
2000
- Forayed into internet banking and E-commerce.
- Entered marketing pacts for E-commerce.
2001
- Tied up with Escotel for SMS mobile banking.
- Launched Suraksha deposit scheme for senior citizens.
2003
- Unveiled Anywhere Banking across 300+ branches.
- ICICI Bank divested 0.31% stake.
- Cut home loan interest rates.
2004
- Achieved 100% branch interconnectivity.
- Launched Equity Subscription Scheme for IPO financing.
- Acquired property in Chennai under SARFAESI Act.
- Unveiled treasurer's calendar.
- Partnered with ICICI Prudential for premium collection.
- Introduced Fed e-Pay services.
2005
- Forged alliance with JRG Securities for IPO loans.
- Received award for best use of IT.
- Expressed interest in merger with southern entity.
2006
- Planned acquisition of Ganesh Bank.
- Rolled out savings deposit schemes.
- Received banking tech awards.
- Bagged YMCA award.
- Formed risk JV with IDBI Bank and Fortis.
2007
- Issued rights shares in 1:1 ratio at Rs 240 premium.
- Bought stake in LVB and South Indian Bank.
- Planned office in Abu Dhabi.
2008
- RBI approved appointment of P R Kalyanaraman as Whole Time Director.
2009
- Launched Fed-e-Trade online trading with Geojit Financial Services.
- Appointed Dr. M Y Khan as non-executive independent director.
- Launched 24-hour call centre on toll-free number.
2010
- Unveiled FedSelect premium product for HNI customers.
- Appointed Shyam Srinivasan as Managing Director & CEO.
2011
- Signed deal with Al Ansari Exchange.
- Appointed Shri Nilesh S. Vikamsey as Director.
2012
- Opened 1000th branch at Muthoor near Thiruvalla, Kerala.
- Launched real-time funds transfer service via mobile phones.
2013
- Launched Online Religious Offering Services with Sree Padmanabhaswami Temple.
- Tied up with Tata Communications Payment Solutions for white label ATMs.
- Won IBA Innovation Award for FedBook mobile passbook.
- Split face value from Rs 10 to Rs 2.
2014
- Won Finacle Client Innovation Award.
- Won MasterCard Innovation Award.
- Won ACI Excellence Award for Customer Service.
2015
- Opened branch in Thiruvananthapuram.
- Offered health insurance for new savings accounts.
- Allotted bonus shares in 1:1 ratio.
2016
- Tied up with Transfast Remittance LLC for inward remittances from USA.
- Tied up with Philip Capital for PIS management.
2017
- Received Runner Up award for maximum RuPay cards issued in 2016.
- Won SKOCH Smart Technologies Gold Award for 2016.
- Won award for best use of Digital and Channels Technology among small banks.
- Won MasterCard Innovation Awards 2016 in two categories.
2018
- Launched Open Banking Platform.
- Won award for Best Use of Blockchain Technology.
- Tied up with Fortune Wealth for PIS services.
- Received RBI nod for Bahrain, Kuwait, Singapore.
2019
- Launched Celesta premium savings account variant.
- Introduced Advance Against Deposit via SMS or missed call.
- Launched Contactless Debit Cards.
- Introduced online Demat account opening via FedNet.
2020
- Introduced Fed-e-Point customer self-service portal.
- Introduced AI-powered Virtual Assistant FEDDY.
- Introduced BYOI for customers to buy insurance online.
- Introduced VAO Video-KYC for account opening.
- Introduced GoNoGo Digital Lending Platform for Auto Loans.
2021
- Launched MahilaMitra Plus savings account for women.
- Launched Imperio Family Banking.
- Introduced Fed Smart Saver Gold Loan Scheme.
- Launched own Credit Cards Celesta, Imperio, and Signet.
- Introduced Self-Service Passbook Printing Kiosks at select branches.
2022
- Entered bancassurance partnership with Aditya Birla Health Insurance.
- Launched exclusive feature-rich scheme for women.
- Launched Credit Cards in association with Visa.
- Partnered with OneCard for mobile-first Credit Card.
- Expanded collaboration with Oracle and Infosys for Cloud-Based CRM.
2023
- Launched Exclusive NR Savings Accounts for NRI Women.
- Celebrated Adyar through special initiative.
- Inaugurated new branch in Ambernath, Maharashtra.
- Introduced Cheque DD Collection Kiosk in Patna for tax payments.
- Launched RuPay backed NCMC wallet Debit Cards.
- Won Bank Of The Year 2023 by The Banker.
- Featured among India's Best Workplaces for Millennials 2023.
- Introduced Lifetime Free Credit Card offer.
2024
- Launched India’s First QR-Based Coin Vending Machine.
- Launched Rishta Bhi Pakka Future Bhi Pakka Campaign for wedding season.
- Transformed Corporate Banking with FedOne powered by Nucleus Software Finn Axia.
- Unveiled Esteem Savings Account for Senior Citizens.
- Launched Facial Payment System Smile Pay.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800