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Federal bank india?

What is Federal Bank in India?

Federal Bank Limited is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having 1284 branches and 1569 ATMs spread across different States in India . Today the bank is present in 25 States, Delhi NCT and 4 Union Territories and the bank is listed in BSE, NSE and London Stock Exchange.

Is Federal Bank is Nationalised bank?

Post Second World War, the bank opened its branches in overseas. The Indian government nationalized the bank on July 19, 1969.

Is federal bank india safe?

Subscriber Exclusive. So, Kotak Bank , HDFC Bank , RBL Bank , ICICI Bank , Axis Bank , and IndusInd Bank are said to be ‘ safe ‘, while Federal Bank , Karur Vysya Bank , Karnataka Bank , Dhanlaxmi Bank and South Indian Bank are in the ‘red zone’.

Who is owner of Federal Bank?

Federal Bank Limited is an Indian private sector, scheduled commercial bank headquartered in Aluva, Kochi . Federal Bank .

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Founder K. P. Hormis
Headquarters Aluva, Kochi, Kerala, India
Number of locations 1,263 branches (2020)
Key people Shyam Srinivasan (MD & CEO )

Is federal bank is safe?

Stress book to average assets of Federal Bank has come down from 1.96 per cent in third quarter of 2018-19 to 1.59 per cent in the same quarter this fiscal. “These figures show that the asset quality of the bank is safe and healthy.

Who is the CEO of Federal Bank?

Managing Director & CEO Shri Shyam Srinivasan is an alumnus of the Indian Institute of Management, Kolkata and Regional Engineering College, Tiruchirapally.

What is the interest of 1 lakh in federal bank?

Federal Bank FDs have tenures ranging from 5 years to 5 years with maximum rate of interest of 5.50%. Federal Bank Fixed Deposit Calculator 2021.

Tenure Rates Maturity Amount for ₹ 1 Lakh
2 years to 4 years 364 days 5.35% to 5.85% ₹ 1 ,11,215 – ₹ 1 ,33,672

Which bank is government bank?

Public-sector banks

Anchor Bank Government Shareholding Headquarter
Canara Bank 78.52% Bengaluru, Karnataka
Central Bank of India 92.39% Mumbai, Maharashtra
Indian Bank 88.06% Chennai, Tamil Nadu
Indian Overseas Bank 95.84% Chennai, Tamil Nadu

Is IDBI Bank a government bank?

Initially it operated as a subsidiary of the Reserve Bank of India and later RBI transferred it to the Government of India. IDBI Bank .

Bank Aisa Dost Jaisa
Type LIC owned
Founded 1 July 1964
Founder Government of India by an Act of Parliament
Headquarters IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai, Maharashtra , India

Is South Indian Bank is safe?

Compared to the appropriate industry loan to deposit level of 90%, South Indian Bank’s ratio of over 72.91% is sensibly lower and within the safe margin, which places the bank in a relatively safe liquidity position given it has not excessively lent out its deposits and has maintained a suitable level for compliance.

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Which bank is safe for fixed deposit in India?

3. Top 15 Banks and Their Interest Rates

Bank List For Regular Customers (% p.a.) For Senior Citizens (% p.a.)
ICICI Bank 3.25% – 5.75% 3.75% – 6.25%
State Bank of India 3.30% – 5.70% 3.80% – 6.50%
Axis Bank 3.50% – 6.10% 3.50% – 6.75%
Punjab National Bank 3.50% – 5.75% 4.00% – 6.25%

Is federal bank safe for fixed deposit?

Safety of Federal Bank Deposits : Federal Bank deposits are covered under the Deposit Insurance Scheme of RBI in which up to ₹ 5 lakh of all deposits of a depositor are insured by DICGC.

Who is the No 1 bank in India?

1. HDFC Bank Ltd.

Bank Products Interest Rates
HDFC Home Loan 6.90%
HDFC Personal Loan 10.75%

Which is best bank in Kerala?

Best Private Sector Banks in India 2021

List of Private Banks Number of Branches Headquarter
Dhanlaxmi Bank 269 Thrissur, Kerala
Federal Bank 1252 Aluva, Kerala
HDFC Bank 4787 Mumbai, Maharashtra
ICICI Bank 4882 Mumbai, Maharashtra

Will federal bank merger?

The merger of Catholic Syrian Bank with Federal Bank is expected to be through in a month. According to reliable sources close to the deal, the boards of directors of both the banks will meet in a month’s time to give their consent.

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