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The Federal Bank Ltd - Stock Valuation and Financial Performance

BSE: 500469 | NSE: FEDERALBNK | Bank - Private | Mid Cap

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Federal Bank Share Price

 ₹185.05 0.95 0.52%
as on 29-Jan'25 11:28

DeciZen - make an informed investing decision on Federal Bank

Overall Rating ⓘ
Bole Toh

1. Quality

Somewhat Good
Check detailed 10 Yrs performace

2. Valuation

Fair
Check 10 Yrs Valuation charts

3. Price Trend

Weak
Check Price chart

The Federal Bank stock performance -

PE Chart Key Ratios
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P/E Ratio (CD):
11.19
Market Cap:
45,195.9 Cr.
52-wk low:
139.8
52-wk high:
216.9

Is The Federal Bank Ltd an attractive stock to invest in?

1. Is The Federal Bank Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that The Federal Bank Ltd is a average quality company.

2. Is The Federal Bank Ltd undervalued or overvalued?

The key valuation ratios of The Federal Bank Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is The Federal Bank Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of The Federal Bank Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Federal Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis P
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
The Federal Bank Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Net Interest Income (₹ Cr.)2,4312,5673,1313,6884,3194,9125,8796,4227,8379,07110,226
YoY Gr. Rt. %-5.6%22%17.8%17.1%13.7%19.7%9.2%22%15.8%-
Total Income8,3668,6359,86711,07512,97115,47216,28616,50220,24826,78231,024
YoY Gr. Rt. %-3.2%14.3%12.2%17.1%19.3%5.3%1.3%22.7%32.3%-
Adj EPS (₹ ) 6.22.854.76.67.98.39.41515.816.5
YoY Gr. Rt. %--54.1%77.7%-5.8%38.6%20.2%5.6%12.2%59.7%5.4%-
BVPS (₹ )44.946.951.962.26874.482.791.6104.5123.6136.3
YoY Gr. Rt. %-4.4%10.7%19.9%9.3%9.4%11.2%10.8%14.2%18.3%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)1.30.60.80.70.90.90.90.91.31.30
To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)0.71.61.31.71.51.31.210.70.6-
To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)-----------

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Net Interest Income15.8%16%15.6%15.8%
Total Income13.8%15.6%18%32.3%
Adj EPS11%19.1%23.6%5.4%
BVPS11.9%12.7%14.4%18.3%
Share Price 9.9% 14.3% 22.7% 27.3%

Key Financial Ratios

RATIOS \ YEARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Interest Earned / Total Income89.590.6489.0289.5289.7187.8487.8987.1587.9787.9988.1
Margins To view Margins Colour Rating Guide click here ⓘ
NIM (%)3.22.92.92.82.82.83.13.13.230
Performance Ratios To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)13.96.2108.6101110.51115.41512.1
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here ⓘ
CASA (%)30.832.932.833.632.430.734.137.132.729.5-

Recent Performance Summary

Total Income has increased 18.04 CAGR in last 3 years

Net Profit has increased 23.63 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Return on Equity has declined versus last 3 years average to 12.70%

Total income growth is poor in last 4 quarters

Latest Financials - The Federal Bank Ltd.

Standalone Consolidated
TTM EPS (₹) 16 16.5
TTM Sales (₹ Cr.) 25,695 27,337
BVPS (₹.) ⓘ 132 136.3
Reserves (₹ Cr.) ⓘ 31,917 32,980
P/BV ⓘ 1.39 1.35
PE ⓘ 11.51 11.19
From the Market
52 Week Low / High (₹) 139.80 / 216.90
All Time Low / High (₹) 0.70 / 216.90
Market Cap (₹ Cr.) 45,196
Equity (₹ Cr.) 491
Face Value (₹) 2
Industry PE ⓘ 16.9

Management X-Ray of Federal Bank:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Federal Bank

Event Update

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Analyst's Notes

Federal Bank: Maintain HOLD - 06 Dec 2024

Federal Bank (FBL) is a mid-sized private sector bank headquartered in Kerala. As of Q2 FY25, the bank had a network of 1,533 banking outlets and 2,052 ATMs/recyclers.  The bank has a strong retail funding franchise, including a stable base of NRI deposits, largely contributed by remittances from the expatriate Indian community in the Middle East. Retail deposits form more than 90% of total deposits which gives it a very strong liability franchise. CASA i.e. Current and Savings Account, forms 30% of total liabilities. 

Below is the result summary for Q2 FY25: 

  • FBL’s total business stood at Rs. 4.99 lakh Cr with advances of Rs. 2.30 lakh Cr (up 16% YoY) and deposits of Rs. 2.69 lakh Cr (up 19% YoY) 
  • Net interest income was at a highest-ever level of Rs. 2,367 Cr while the bank registered it highest ever Quarterly Net Profit of Rs. 1,057 Cr
  • Portfolio yield was flat at 9.35% while the cost of funds increased by 30 bps YoY to 5.93%
  • NIMs contracted 10 bps YoY to 3.12% (partially affected by the change in reporting of penal interest. Like for like NIMs are 3.19%)
  • Cost to income saw a slight increase to 53%
  • NNPA dropped further to 0.57%

Management Commentary:

Unsecured Lending: Federal Bank's credit card and personal loan portfolios are relatively small and were historically secured. The recent pivot to unsecured lending has seen a slight increase in slippage rates for both credit cards and personal loans, including those originated through partners. However, the impact is immaterial due to the small size of these portfolios within the bank’s overall lending. The bank has experienced better-than-expected performance in secured products like home loans, car loans, and vehicle loans, which offsets these slippages. Consistent with its cautious approach, the bank has calibrated its strategy in the unsecured lending segment.

Microfinance Institution (MFI) Lending:

The bank has maintained a cautious stance on high-margin products, including MFI lending. While there has been a noticeable increase in slippages in the MFI portfolio, the impact is mitigated by the bank's focus on favorable southern states, which account for over two-thirds of its MFI exposure. Additionally, proactive measures, including early adoption of best practices recommended by the Microfinance Institutions Network (MFIN), have kept slippage levels significantly below industry averages. This strategic approach underscores the bank's emphasis on managing risk effectively in MFI lending.

Quality of Underwriting:

Federal Bank's conservative underwriting practices have significantly contributed to maintaining asset quality. The bank's approval rate for loans is 33%, compared to the industry average of 45%, reflecting its stringent evaluation criteria. The bank ensures that loans are not extended to delinquent customers and avoids granting multiple loans or top-up loans to the same customer. This disciplined approach, considering factors like multiple lenders and overall indebtedness, has been instrumental in preserving the quality of its loan book.

Management Transition: 

FBL is undergoing a management shift as KVS Manian became the new Managing Director and CEO on September 23, 2024. He succeeded Shyam Srinivasan, who served as MD and CEO for 14 years. Manian has over 25 years of experience in the banking industry, including a stint at Kotak Mahindra Bank. At Kotak, he played a key role in the bank's transformation from an NBFC to a leading private-sector bank. He also led the Corporate, Institutional, and Investment Banking, and Wealth Management divisions. 

The Federal Bank: Q3FY23 Result Update - 17 Jan 2023

Federal Bank Ltd
Market Cap 29,818Cr
CMP 141
P/B  1.3xFY23

Results

(INR Cr)

YoY Growth

Comments

Advances

1,68,173

19%

Loan Growth of 18-20% across segments

Net Interest Income

1957

27%

NIM increased by 0.22% to 3.49% year on year

Net Profit

804

54%

Fee Income improved by 32% to 543 Cr, while provisions reduced by 7% to 198 Cr

 

Check Federal Bank 10 year X-ray here

Key Highlights –

·        Retail advances (54% of loan book) grew by 18%; Wholesale Advances (46% of book) grew by 19%.

·        Deposits increased by 15% to 201,408 Cr, CASA Ratio at 34.24%.

·        50.4% of the book is floating- linked to ELBR (External Benchmarks Lending Rate).

·        GNPA at 2.43% decreasing by 0.63%, while NNPA at 0.73% decreasing by 0.32% on yearly basis. Cost of Credit rose to 0.38% vs. 0.22% in Q3FY22.

Management Outlook –

·        Management guided on NIM pressure as rates increase following quarter, with 3.35-3.4% guidance for FY23

·        Management guided on high-teens growth in advances in FY24 across segments.

·        Management expects to open 15 additional branches this year, with 80-90 new ones in FY24 & 25.

·        Cost of funds may move up by 0.2%, while advances by 0.25-0.3% per quarter in future, based on rate hikes by RBI.

Federal Bank: Q2FY23 Result Update - 17 Oct 2022

Federal Bank Ltd
Market Cap 27,660 Cr
CMP 131
P/B 1.2xFY23E

Results

(INR Cr)

YoY Growth

Comments

Advances

163,958

20%

Broad-based pickup across all business segments

Net Interest Income

1672

19%

8bps growth in NIM at 3.3%

Net Profit

704

53%

Aided by higher NII & Other Income

Click here for 10 year X-ray

  • The growth has been broad based and traction is visible across the segments. Corporate loan book grew fastest at 21% year on year. Pricing in the corporate segment has improved, and thus, the bank is witnessing some good opportunities to grow in this segment
  • Core fee income grew 38% year on year, led by a healthy business activity. Treasury income grew to Rs. 70 Cr. The bank used to improve its PCR (67.41%).
  • Slippages (including an increase in the balance of existing NPAs) reduced to Rs. 390 Cr (~1.1% of loans), due to decline in the Retail segment. GNPA and NNPA ratio moderated to 2.5% and 0.8% respectively. Restructured loans improved 20bps sequentially to ~2%.
  • 65% of the book is floating and the bank passes the increase in Repo rate instantly. Thus, the margins remained on a positive trajectory, supported by increase in yields and lower interest reversals.
  • Credit cost is expected to remain in the range of ~50-55bps. RoA expansion is ahead of the bank’s expectation. Thus, the bank expects FY23 RoA to be ~1.2% (vs earlier 1.15%) and expects FY23 RoA at ~1.25%.
  • Overall, the growth in gold loans remains strong and the environment remains fairly conducive. 10-12% of incremental deposits came from the Fintech partnerships.
  • The bank might look for a capital raise in early FY24

Federal Bank: Q1FY23 Result Update - 18 Jul 2022

Click here for 10 year X-ray

Federal Bank: Quarterly Result update - 09 May 2022

Federal Bank | Market Cap 19,084 Cr

CMP 91 | P/B 0.95x FY23

 

Results: Federal Bank reported 7% growth in Net interest income and Loan book growth of 9.5% year on year. Fee Income grew 25% during the same period. Operating profit before provisioning declined 8% year on year.

For full year FY22, operating profit before provisioning declined 3%.

Click here to see the 10 year X-ray of Federal Bank

 Key Highlights

  • Retail loans for the year grew at 6%, Agri loans grew 20% and Business banking grew 15%. Non-retail loan growth majorly came from Institutional Banking (7%) and Corporate banking (12%).
  • NIM deteriorated to 3.16% (vs 3.23% in Q4FY21), Cost of deposits increased to 4.28% (from 4.27% in previous quarter) and Cost to income ratio went up to 59.89% (vs 52.72% in Q4FY21).
  • On a positive note, as of end of FY22, asset quality improved as the GNPA^ & NNPA^^ grew to 2.78% & 0.98% (from 3.35% & 1.18% in Q4FY21) respectively.
  • The company recognized family pension cost and loss on revaluation of Security Receipts during the Q4. Without this expense, operating Profit would have been 35% and 5% respectively and RoA would have been at 1.24%.
  • Overall deposits grew by 5.25% year on year and CASA** improved to 36.94%.
  • As of end of Q3FY21, bank had 1,282 branches and 1,885 ATMs all over India.
  • The bank declared a dividend of Rs. 1.80 per share.

Management Outlook: Management expects RoA (return on assets) possibility of 1.2% over next 4-6 quarters. As per the management, the bank despite of the absorption of a large one-off expense, the ROA and ROE have met the guided levels of 1.03% and 11.93% respectively. The Bank also registered its highest ever Net Profit for a quarter and asset quality has been resilient. Credit cost for FY22 was at a new low at 45 bps.
 

Federal Bank: Quarterly Update - 01 Feb 2022

Federal Bank | Market Cap 21,148 Cr

CMP 101 | P/B 1.05x FY23

Results: Federal Bank reported 7% growth in Net interest income and Loan book growth of 12% year on year. Fee Income grew 15% during the same period.

Operating profit before provisioning declined 4% year on year.

Click here to see the 10 year X-ray of Federal Bank

 

Key Highlights

  • Retail loans for the quarter grew at 8%, largely from Agri (18%) and Business banking (11%). Non-retail loan growth was 12% year on year majorly from Institutional Banking (14%) and Corporate banking (12%).
  • NIM improved to 3.27% (vs 3.22% in Q3FY21) however, Cost of deposits increased to 4.32% (from 4.27% in previous quarter).
  • Cost to income ratio grew to 54.8% from ~50% in Q3FY21. Asset quality declined as the GNPA^ & NNPA^^ grew to 3.06% & 1.05% (from 2.71% & 0.6% in Q3FY21) respectively.
  • Standard Covid Specific Restructuring outstanding is 3,519 Cr, which is 2.45% of Gross Advances. While restructuring is optically higher, ~98% of this book is secured and has a collection efficiency of 96%.
  • The bank has Rs. 730 Cr provision for Covid specific restructuring. The overall provision coverage ratio is 65.8%.
  • Overall deposits grew by 8.5% year on year and CASA** improved to 36.68% (vs 34.48% in 3QFY21).
  • As of end of Q3FY21, bank had 1,274 branches and 1,882 ATMs all over India. Out of all branches, 16% are in metros and 54% in semi-urban and 12 in rural areas.

Outlook: Management expects RoA (return on assets) possibility of 1.2% over next 4-6 quarters. This is to be led by NIM expansion of ~0.1% with change in loan mix (out of this 0.05% has been done already). Also it expects the credit costs to decline as the bank has done upfront provisions. Cost-benefit arising out of digital strategy will lead to improvement in cost to income ratio in next 2 years.

As per the management, the bank has managed Covid-19 related stress quite well, similar to frontline banks. It is on track to improve its ROE profile through higher-yielding Retail/CV/Credit cards in its portfolio mix. Overall credit growth guidance remains in the mid to high teens.

 

View All Notes

Key Ratios of Federal Bank

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income 8,3668,6359,86711,07512,97115,47216,28616,50220,24826,782
Interest Income 7,4887,8268,7839,91511,63513,59014,31414,38217,81223,565
Other Income ⓘ 8798081,0841,1601,3351,8821,9722,1212,4363,216
Expenditure 7,3548,1479,01410,16511,68813,91914,63914,53717,07222,854
Interest Expense 5,0565,2595,6536,2267,3168,6788,4357,9599,97514,495
Operating Expenses 1,6751,9322,2532,5052,8373,5473,8994,5925,2116,767
Provisions6239561,1091,4341,5351,6942,3051,9861,8861,593
Profit Before Tax1,5307391,3421,3931,9602,0602,2092,6464,2635,261
Taxes 5172514894846785075616811,0871,333
Profit After Tax 1,0124888539101,2831,5531,6471,9653,1763,928
Adjusted EPS (₹)6.172.835.034.746.577.908.349.3614.9515.76
Dividend Payout Ratio (%)18%25%18%21%21%0%8%19%7%8%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Share Capital ⓘ 171344345394397399399421423487
Total Reserves ⓘ 7,5297,7208,60711,88013,10114,42416,10318,83321,69629,615
Minority Interest000080181217305352820
Deposits70,82379,17197,6621,11,9701,34,8791,52,2521,72,1861,81,6782,12,9892,52,455
Borrowings ⓘ 2,3935,2366,34512,3298,70612,52812,27119,58725,86225,160
Other Liabilities 1,9922,2342,5272,6403,3893,5703,7915,4186,6829,302
Total Liabilities ⓘ 82,90894,7061,15,4861,39,2141,60,5521,83,3532,04,9672,26,2412,68,0043,17,839

Assets

Balance with RBI 3,3823,7774,5785,1376,4236,1837,65516,06612,60411,509
Balance with Banks1,4021,6462,8764,0583,6316,57512,1615,0705,2007,685
Investments ⓘ 20,34924,92027,91230,59531,67635,71536,73239,06548,70261,043
Advances 51,52958,42074,08693,0111,11,5361,24,8491,35,5141,49,9511,81,9572,18,110
Net Block ⓘ 446508477452462477504643890996
Other Assets5,7735,4195,5405,9526,8079,52612,38715,41618,56918,429
Total Assets ⓘ 82,90894,7061,15,4861,39,2141,60,5521,83,3532,04,9672,26,2412,68,0043,17,839

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 5,158-1,5573,431-5,0517,8733,73111,179-7,7744896,431
Cash Flow From Investing Activity ⓘ -1,3641,990-2,384-1,579-3,380-4,693-3,915908-9,844-8,908
Cash Flow From Financing Activity ⓘ -3,5442059858,371-3,6373,661-2088,1936,0383,871
Net Cash Flow ⓘ 2506392,0321,7408562,6997,0571,327-3,3161,394

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios
EPS (₹)1235578891516
DPS (₹)2111101211
BVPS (₹)9047526268748392105124

Margin Ratios

Yield on Advances (%)14.513.411.910.710.410.910.69.69.810.8
Yield on Investments (%)10.37.67.57.17.27.88.06.95.96.5
Cost of Liabilities (%)6.96.25.45.05.15.34.64.04.25.2
NIM (%)3.22.92.92.82.82.83.13.13.23.0
Interest Spread (%)7.67.26.45.75.35.66.05.65.65.6

Performance Ratios

ROA (%)1.30.60.80.70.90.90.90.91.31.3
ROE (%)13.96.210.08.610.011.010.511.015.415.0
ROCE (%)17.28.011.19.510.810.710.19.713.013.7

Efficiency Ratios

Cost to Income Ratio (%)50.657.253.551.750.252.249.753.850.755.1
Operating Costs to Assets (%)2.02.02.01.81.81.91.92.01.92.1

Valuation Parameters

Price/Book(x)1.51.01.81.41.40.60.91.11.31.2

The Federal Bank Ltd Stock News

The Federal Bank Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Federal Bank on 29-Jan-2025 11:28 is ₹185.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Jan-2025 11:28 the market cap of Federal Bank stood at ₹45,195.9.
The latest P/E ratio of Federal Bank as of 29-Jan-2025 11:28 is 11.51.
The latest P/B ratio of Federal Bank as of 29-Jan-2025 11:28 is 1.39.
The 52-week high of Federal Bank is ₹216.9 and the 52-week low is ₹139.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Federal Bank is ₹25,695 ( Cr.) .

About The Federal Bank Ltd

The history of Federal Bank dates back to the pre-independence era. The Bank was incorporated on April 23, 1931 as the Travancore Federal Bank Limited, Nedumpuram under the Travancore Companies Regulation, 1916. Late K.P. Hormis, the visionary banker and founder took up the reigns in 1945 and built the bank a nationwide institution. The Bank's name was changed to The Federal Bank Limited on December 2, 1949. The Bank was licensed under the Banking Regulation Act, 1949, on July 11, 1959 and became a scheduled commercial bank under the Second Schedule of Reserve Bank of India Act, 1934 on July 20, 1970. Today the bank is present in different States, Delhi NCT and Union Territories and the bank is listed in BSE, NSE and London Stock Exchange.

Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having many branches and ATMs spread across different States in India. The Bank is a pioneer among traditional banks in India in the area of using technology to leverage its operations and was among the first banks in India to computerize all its branches.

Business area of the bank

The Bank offer its customers, a variety of services such as Internet banking, Mobile banking, on-line bill payment, online fee collection, depository services, Cash Management Services, merchant banking services, insurance, mutual fund products and many more as part of its strategy to position itself as a financial super market and to enhance customer convenience.

Products & Services

Personal Banking - The bank provides a wide range of banking products and services such as saving accounts, deposits, personal loans, ATM services, tele-banking services, RTGS, insurance, etc.

NRI Banking - The bank offers a wide range of NRI services through all its branches. Non-Resident Indians (NRI) can open Non-Resident External (NRE), Non- Resident Ordinary (NRO) accounts in Indian Rupee. You can also have Foreign Currency Non- Resident (FCNR) accounts in six foreign currencies approved by Reserve Bank of India (US Dollar, British Pound, Euro, Japanese Yen, Canadian Dollar and Australian Dollar). Returning NRIs can open Resident Foreign Currency (RFC) account with any of their branches.

SME-Business Banking - The bank offers a parameterized loan and various current account products tailor-made for each sector under SME. Competitive pricing, relaxation in collateral security, collateral free loans with CGTMSE cover, customization in various current account products, cash management services, internet bill payment facility etc are some of the features of their products which makes them a real friend of entrepreneurs.

Corporate Banking - The bank offers customized structured products to meet the specialized requirements of corporates, institutions and business clients. Each member of their Corporate Finance team brings with him a wealth of transaction experience across transaction varieties and sectors to cater to you better.  The bank has emerged as one of the leading private sector banks in the country, in providing a gamut of products for industry, trade and infrastructure sectors.  The bank serves a wide range of customers across varying industries, segments and regions.

Awards and accolades

  • 2008-09: The Dun & Bradstreet Banking award 2009.
  • 2009-10: The ‘Great Mind Challenge' award.
  • 2010-11: The IDRBT award.
  • 2011-12: Federal Bank received the NPCI award being the highest contributor in number of transactions in the month of August 2012.
  • 2011-12: Federal Bank received the NPCI Award for Excellence in promotion of Inter Bank Payment Service.
  • 2011-12: Federal Bank received IDRBT Banking Technology Excellence Awards for year 2011-12.
  • 2011-12: Global CSR Award for ‘Best Corporate Social Responsibility Practice Overall’.
  • 2011-12: Federal Bank bagged the prestigious Golden Peacock Award for its CSR Initiatives.
  • 2011-12: KMA Excellence Awards 2011.
  • 2011-12: ACI Excellence Awards 2012.
  • 2012-13: Federal Bank won ACI Excellence Award 2013 for Apna Gold.
  • 2012-13: Federal Bank was awarded ‘The Best Bank among Private Sector Banks’.
  • 2012-13: Federal Bank won two IDRBT Awards for Excellence in Banking Technology.
  • 2013-14: Federal Bank won the Banking Frontier's Finnoviti 2013 Award for its innovation Virtual Accounting System (VAS).
  • 2013-14: Federal Bank won IBA Innovation Award 2013 for FedBook.
  • 2013-14: Federal Bank was awarded ‘The Best Bank among Private Sector Banks’.
  • 2013-14: Federal Bank was awarded the ‘Most Socially Committed Organization’.
  • 2014-15: Federal Bank wins IDRBT Banking Technology Excellence Awards.
  • 2014-15: Federal Bank Bags CNBC Award for Financial Inclusion.
  • 2014-15: Federal Bank wins Greentech HR Award 2014.
  • 2014-15: Federal Bank won MasterCard Innovation Award 2014.
  • 2014-15: Federal Bank won ACI Excellence Award 2014 for the category ‘Customer Service’.
  • 2015-16: Federal Bank gets ET Best Corporate Brand 2016 Award.
  • 2015-16: Federal Bank wins the Skoch Smart Technology Award 2015 for FedBook Selfie.
  • 2015-16: Federal Bank gets Banking Frontiers Inspiring Work place Award for Best HR & Talent Practice.
  • 2015-16: Federal Bank bags IDRBT Award for Digital Banking, Analytics and Big Data in mid-sized Banks Segment.
  • 2015-16: Federal Bank wins Banking Frontier's Finnoviti 2015 Award.
  • 2016-17: Federal Bank received ‘Runner Up’ award for maximum RUPAY cards issued bank – 2016.
  • 2016-17: Federal Bank won the award for the best use of Digital and Channels Technology among Small banks in the IBA Banking technology Conference, Expo & Awards 2017.
  • 2016-17: Federal Bank won SKOCH Smart Technologies Gold Award for 2016.
  • 2016-17: Federal Bank gets MasterCard Innovation Awards 2016 under Two categories.
  • 2016-17: Federal Bank received the prestigious 6th Annual Greentech HR Award for ‘Technology Excellence in HR’.
  • 2017-18: Federal Bank Wins National Payment Excellence Award.
  • 2017-18: Instant Account Opening received awards for SKOCH Technologies for Growth Award 2017 by SKOCH group.
  • 2017-18: Skoch award in Banking and Finance Gold category for ‘Federal Bank cross border remittance solution’ 2018.
  • 2017-18: Federal Bank has won best innovator at ‘KMA NASSCOM IT awards’.
  • 2018-19: Federal Bank has won the Best Bank of the Year award at the Dhanam Banking and Finance Summit.
  • 2018-19: Federal Bank won 1st prize in best technology bank award 2019.
  • 2018-19: Federal Bank Wins National Payment Excellence Award.
  • 2018-19: Federal Bank was adjudged winner of ‘best use of blockchain technology’ at Drivers of Digital awards 2018.
  • 2019-20: Federal Bank has won the Bank of the Year 2019 Award at the Dhanam Banking and Finance Summit.
  • 2019-20: Federal Bank has conferred with the Best Bank Small – 1st Runner Up Award under the Overall Best Bank category at the 11th edition of Magna Awards instituted by Business world.
  • 2019-20: Federal Bank has won Indian Express Group Technology Senate Award for FedRecruit.
  • 2019-20: Federal Bank won 1st prize in Best Technology Bank award organized by IBA.

Milestones

  • 1931: The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorised capital of Rs 5000 at Nedumpuram, a place near Tiruvalla in Central Travancore on 23/4/1931 under the Travancore Company's Act. It started business of auction -chitty and other banking transactions connected with agriculture and industry. The bank though successful in the earlier periods, suffered set backs and was on the verge of liquidation. 
  • 1946: The Bank opened its second branch at Angamally.
  • 1947: In the Board Meeting, it was resolved to change the name of the Bank as ‘The Federal Bank Limited’. The third branch of the Bank was opened at Perumbavoor.
  • 1959: The Bank was licensed under Sec.22 of the Banking Companies Act, 1949. Bank floated several kuries one after another. It also introduced several new deposit schemes. These strategies helped the Bank to grow at a greater pace.
  • 1965: The St. George Union Bank Ltd. Puthenpally was merged with the Bank.
  • 1968: The Marthandom Commercial Bank Ltd. Trivandrum was amalgamated with the Bank.
  • 1970: The Bank became a Scheduled Commercial Bank in 1970, which also coincided with the Silver Jubilee Year, since the Bank commenced its operation in Aluva.
  • 1976: Bank opened 53 branches during the year 1975 and 42 branches 1976. The total number of branches reached 276 from 114 in 1973.
  • 1977: The paid up capital grew from Rs 10.66 lakh to Rs 100 lakh.
  • 1989: Commenced Merchant Banking Operations.
  • 1993: Roped in ICICI group as a shareholder through private placement.
  • 1997: Bank's first ATM was inaugurated at Ernakulam North.
  • 1999: Bank's 400th branch was inaugurated at Calcutta- Shakespeare Sarani.
  • 2000: The Bank has commenced Internet Banking 'FedNet' on with software support from Infosys Technologies.
  • 2000: Launched Depository Services in association with NSD.
  • 2001: Wide Area Network was launched connecting Regional Offices at Mumbai, Bangalore, Chennai, Ernakulam and Chennai F & I with Head Office.
  • 2003: International Debit Cards launched.
  • 2004: Federal Bank becomes the first traditional bank to network all its branches and attain 100% connectivity.
  • 2004: Co-branded credit cards launched in association with ICICI Bank.
  • 2004: First Bank to launch automated telephone bill payment through Interactive Voice Response System (IVR). 
  • 2004: Bank launched an innovative product 'Fed-e-Pay' for automated payment of utility Bills.
  • 2005: Federal Bank in association with AMRITA super specialty hospital launches Fed+Amrita, an innovative online system for fixing medical consultation, Health check up, and inpatient payments from anywhere. 
  • 2006: Bank entered into Life Insurance Joint Venture with IDBI & FORTIS.
  • 2007: A full fledged Data Center was set up by the Bank.
  • 2007: Bank formed a Centralized Processing Centre for centralizing the account opening process to make it quick and efficient.
  • 2007: All branches/offices of the Bank were migrated to Centralised Banking Solution (CBS), Finacle.
  • 2008: Opened first overseas Representative Office at Abu Dhabi, UAE.
  • 2008: Bank started providing Online Stock Trading facility to the customers in association with Geojit Financial Services.
  • 2009: Launched three new variants of Visa Debit Cards – Platinum, Gold and Shop'n Save.
  • 2010: Launched Point Of Sale (POS) Terminal Business.
  • 2010: Federal Bank became part of National Financial Switch ATM Network – the largest ATM network in India. 
  • 2010: Launched Debit Cards in association with MasterCard.
  • 2011: Federal Bank launched general insurance cover for the customers for stabilizing the relationship with the clients.
  • 2011: Launch of Fed Pravasi Oriental Insurance for NRI Patrons.
  • 2011: Bank signed Inward Remittance Agreement with Samba Bank, one of the largest banks in KSA.
  • 2012: Bank launched Fast Biz Visa International Business Debit Card to SME/Corporate Clients  .
  • 2012: Federal Bank made tie up with Manipal Global Education services for offering one year Post graduate diploma in Banking and Finance.
  • 2013: Federal Bank launched its ‘Online Religious Offering Services Bouquet’ in association with the prestigious Sree Padmanabhaswami Temple, Thiruvananthapuram.
  • 2013: Inauguration of Federal Bank's 3rd Currency Chest at Mumbai.
  • 2013: Bank revamped its Corporate website to a portal based platform, offering new features to customers.
  • 2014: Federal Bank opened its first International Standard 24X7 Banking facility christened Federal Experience Center at Nedumbassery, Kochi. 
  • 2015: Federal Bank launched VConnect - an exclusive video conference facility that enables customers to interact with Bank's Relationship Managers face to face from any part of the world. 
  • 2015: Federal Bank joined hands with Startup Village in Kerala and MobME wireless to launch India's first focused FinTech Accelerator Programme.
  • 2015: Federal Bank and SBI Card announced their collaboration to launch Federal Bank-SBI co-branded credit cards.
  • 2015: Federal Bank launched Scan N Pay, an innovative payment app for smartphones.
  • 2015: Bank introduced Mobile Recharge facility through its ATMs.
  • 2015: Bank launched FedBook Selfie - a mobile based SB account opening application which is first of its kind in India.
  • 2016: Federal Bank launched Payment Gateway facility for KSEB electricity Bill payment.
  • 2016: Federal Bank has launched ‘Launchpad', an exclusive outlet for start-ups.
  • 2016: Federal Bank launched its Unified Payments Interface (UPI) application 'Lotza'.
  • 2017: FedCorp - mobile banking app for corporate customers was introduced to empower them with the ease of banking at the fingertips.
  • 2017: Federal Bank introduced PayLite- a comprehensive web based solution for processing bulk transactions of corporate clients.
  • 2018: Bank launched the Instant Account Opening (IAO) through Tab and Web based account opening modes in branches.
  • 2018: Bank launched Fed E Biz, a complete 360 degree Digital Omni-channel Transaction Banking Platform for Corporates.
  • 2019: Introducing new Savings Account scheme - ‘GBD SUPER S1’ - for PSUs and Government Departments and bank also introduced Internal Ombudsman Scheme in the Bank. 
  • 2019: Introducing Certificate download portal for customers.
  • 2019: Bank developed a new solution, avail Advance Against Deposit by sending just an SMS/ making a Missed call. Customers can avail the AAD without any paperwork & instantly, without visiting the branch. 
  • 2020: Federal Bank joins hand with Maruti Suzuki to provide dealer loans, retail car financing.
  • 2020: Federal Bank partners with Magicbricks for quick disposal of immovable properties.
  • 2020: Federal Bank, Innoviti Payment Solutions enter into partnership to offer convenient EMI options.
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