2023 2024 EduVark > Education Discussion > Banks Related


  #2  
January 20th, 2018, 12:03 PM
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Join Date: Mar 2012
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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