Which type of bank is federal bank?

Which type of bank is federal bank?

Indian commercial bank
Federal Bank Limited is a major Indian commercial bank in the private sector having 1200+ branches and 1900+ ATMs/Recyclers spread across different states in India.

Is federal bank is nationalized bank?

The Central Bank of India – RBI, in its official website has listed the following 19 banks as nationalized banks….List of nationalized banks in India.

Bank Names Year of Nationalization
Indian Overseas Bank 1969
Oriental Bank of Commerce 1980
Punjab & Sind Bank 1969
Punjab National Bank 1969

Which are the nationalised banks?

What is the name of nationalised banks of 12 PSBs in India? Ans. The name of 12 PSBs are: Punjab National Bank, Bank of Baroda, Bank of India, Central Bank of India, Canara Bank, Union Bank of India, Indian Overseas Bank, Punjab and Sind Bank, Indian Bank, UCO Bank and Bank of Maharashtra, State Bank Of India.

Is federal bank a government undertaking bank?

No, Federal bank is a private sector bank. Public sector bank- public sector banks are banks where majority share or more than 50% share is held by Govt. Note- Fedral bank is a public company or we can say public corporation.

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 owner of Federal Bank?

K. P. Hormis
Federal Bank

Founder K. P. Hormis
Headquarters Aluva, Kochi, Kerala, India
Number of locations 1,272 branches (2020)
Key people Shyam Srinivasan (MD & CEO)
Products Retail Banking Wholesale Banking Finance and Insurance Mortgage loans Wealth management Investment banking Credit cards Debit cards

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 5.60%….Federal Bank Fixed Deposit Interest Calculator.

Tenure Rates Maturity Amount for ₹ 1 Lakh
1 year to 1 year 15 months 29 days 5.10% to 5.60% ₹ 1,05,198 – ₹ 1,13,833

Which is the No 1 Government bank in India?

1. State Bank of India. With a legacy of over 200 years, State Bank of India (SBI) traces its ancestry to the Bank of Calcutta founded in 1806 and is the oldest commercial bank in the Indian subcontinent. SBI is an Indian multinational, public sector banking and financial services statutory body.

Who is owner of HDFC bank?

Housing Development Finance Corporation
HDFC Bank/Parent organizations

Is federal bank is safe?