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Federal Bank Share price
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Brief about Federal Bank
Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kochi. The bank has 1,272 branches spread across different states in India. It also has representative offices abroad at Abu Dhabi, Qatar, Kuwait, Oman, and Dubai. With a customer base of over 10 million, including 1.5 million NRI customers and a large network of remittance partners around the world, Federal Bank handled more than 15% of India's total inward remittances of $79 billion in 2018
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 and is currently the fourth largest bank in India in terms of capital base. In January 2008, Federal Bank opened its first overseas representative office in Abu Dhabi. In November 2016, Federal Bank opened its second UAE representative office, in Dubai.
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