#1
January 20th, 2018, 12:02 PM
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Federal Bank Merger IDBI Bank
Hi buddy is Federal Bank Merged IDBI Bank , if yes then will you plz let me know about the same , as my uncle asking me about the same here ??
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#2
January 20th, 2018, 12:03 PM
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Re: Federal Bank Merger IDBI Bank
As per me Federal Bank not Merged with IDBI Bank United Western Bank merger with IDBI - United Western Bank merged with IDBI in 2006. Ganesh Bank of Kurundwad merger with Federal Bank - Ganesh Bank of Kurundwad merged with Federal Bank in 2006. IDBI Bank was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry. Bank profile: Type Government-owned bank Traded as BSE: 500116 NSE: IDBI Industry Banking, Financial services Predecessor IDBI Founded 1 July 1964, 52 years ago Headquarters Mumbai India Key people Mahesh Kumar Jain(Managing Director & CEO) Products consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, Agriculture Loan Revenue 28,043.10 crore (US$4.4 billion) (2016) Operating income 5,370 crore (US$840 million) (2016) Net income -3,664.80 crore (US$−570 million) (2016) Total assets 374,372.12 crore (US$58 billion) (2016) Number of employees 17,570 (March 2016) Capital ratio 11.76% (2016) The Federal Bank Limited is a major private sector commercial bank headquartered at Aluva, Kochi, Kerala. Bank profile: Type Private Traded as NSE: FEDERALBNK BSE: 500469 LSE: FEDS Industry Banking and Allied industries Predecessor Travancore Federal Bank Successor Federal Bank Founded Founded at Nedumpuram, Thiruvalla 1931 Moved to Kochi, 1945 Founder Travancore Federal Bank : Oommen Geevarghese Acquired Travancore Federal Bank : K.P Hormis Headquarters Federal Towers, Aluva, Kochi - 683 101, Kerala, India. Area served India Key people Shyam Srinivasan (Managing Director & CEO) Products Loans, Savings Accounts, Current Accounts, Credit Cards, Debit Cards, Payment Gateway etc. Revenue 77.4 billion (US$1.2 billion) (2016) |
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