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India's central bank governor on Friday cautioned lenders against rising instances of frauds in digital payments and said that the regulator will launch secure website domain names to curb such ...
Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kerala. [3] The Bank has 1518+ banking outlets and, 2042+ ATMs/ CDMS spread across different states in India and overseas representative offices at Abu Dhabi and Dubai.
The Federal Bank Limited is a major private sector commercial bank headquartered at Aluva, Kochi, Kerala. As on 31 March 2016, Federal Bank has 1,253 branches, 1,680 ATMs and 212 CDMs (Cash Deposit Machines) across the country. Its balance sheet stood at ₹1.37 trillion as of end March 2016 and its net profit stood at ₹475 crore for the ...
Shyam Srinivasan was appointed the Managing Director and CEO of Federal Bank on September 23, 2010, at a time when the bank had a predominantly regional presence, rooted deeply in South India. His immediate priority upon taking the helm was to modernize the bank’s infrastructure and expand its reach, both geographically and digitally.
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India's Open Market Operation is much influenced by the fact that it is a developing country and that the capital flows are very different from those in developed countries. Thus India's central bank, the Reserve Bank of India (RBI), has to make policies and use instruments accordingly. The RBI uses Open Market Operations (OMO) along with other ...
A 60% stake was taken by the Reserve Bank of India and the new bank was named State Bank of India. The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government. [1]
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