What type of bank is Federal Bank?
Federal Bank is structured as a major private-sector commercial bank operating extensively across India. The institution functions as a scheduled commercial bank providing a diversified portfolio of financial services divided across retail banking, wholesale corporate banking, treasury operations, and various other financial services. Its comprehensive offerings include personal savings accounts, mortgage loans, credit and debit cards, foreign exchange services, trade finance, and investment banking products, backed by a vast domestic branch network and significant handling of international personal remittances.
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Federal Bank (officially The Federal Bank Limited) is a prominent Indian private sector commercial bank headquartered in Aluva, Kerala.
A regular bank typically operates under a state banking charter issued by a specific state government's department of financial institutions, whereas a federal bank operates under a national charter granted by an agency of the federal government, suc...