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Engaged Employer
Federal Bank
3.9
based on 881 Reviews
Video summary
Company Overview
Associated Companies
Company Locations
Working at Federal Bank
Company Summary
Federal Bank is one of the pioneers in the banking sector in India.
Overall Rating
3.9/5
based on 881 reviews
3% above
industry average
Highly rated for
Job security, Salary
Critically rated for
Work satisfaction, Promotions
Work Policy
Work from office
96% employees reported
Alternate Saturday off
48% employees reported
Strict timing
70% employees reported
Within city
41% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
47 employees reported
Job/Soft skill training
44 employees reported
Professional degree assistance
13 employees reported
Office cab/shuttle
13 employees reported
View all benefits
About Federal Bank
Founded in1931 (94 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersAluva, Kerala, India
Office Locations
Websitefederalbank.co.in
Primary Industry
Other Industries
View in video summary
Federal Bank, one of the leading private sector banks with presence across the country, began its journey from humble backgrounds to reach the stature of an institution with national prominence & character. With a rich legacy of 7 decades, the Bank aspires to be the most admired Bank in the country and fueling its dreams are the 18.5 million and growing customer base who have always been loyal to the Bank as the Bank is to them. Headquartered in Aluva, Kerala, the Bank’s scrips are widely held and are listed in the Bombay Stock Exchange and National Stock Exchange in India. The Bank’s global depository receipts are listed on the London Stock Exchange. The Bank has built its empire on the twin values of ethics and excellence, and this has propelled the Bank throughout its journey.
Over 1,518 branches, 2042+ ATMs/ Cash Recyclers and a committed, experienced & energetic workforce, Federal Bank now has its presence across the nation. To service the NRIs, who have been its pillars of strength, the Bank operates Representative Offices at Dubai and Abu Dhabi in the UAE. The Bank today handles one fifth of the total NR remittance to the country and this is testimony to its relationship with the NR diaspora. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City).
Transformation is inevitable and for Federal Bank it has been no different. The Bank believes in transforming itself, keeping its principles intact, to match the beats of the industry and the expectations of its stakeholders. Technology is the new buzzword, and it has left its indelible mark in the banking industry as well.
Disclaimer: Federal Bank advices against sharing any confidential information on social media handles of the Bank
Mission: Devote balanced attention to the interests and expectations of stakeholders, and in particular:
Customers: Meet and even exceed expectations of target customers by delivering appropriate products and services, employing as far as feasible, single window and 24-hour-seven-day-week concepts, leveraging a strengthened branch infrastructure, ATMs, other alternative distribution channels, cross-selling a range of products and services to meet customer needs varying over time, and ensuring the highest standards of service at all time, guided by our principle of being 'Digital at the fore, human at the core'.
Vision: To be the ‘Most Admired Bank' which is Digitally enabled with a sharp focus on Micro, Medium and Middle market enterprises.
Federal Bank Ratings
based on 881 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
394
4
241
3
122
2
43
1
81
Category Ratings
4.2
Job security
4.1
Salary
3.5
Company culture
3.5
Work-life balance
3.5
Skill development
3.3
Promotions
3.3
Work satisfaction
Federal Bank is rated 3.9 out of 5 stars on AmbitionBox, based on 881 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Federal Bank
based on 828 reviews
3.8
Rated by 215 Women
Rated 4.2 for Job security and 4.1 for Salary
3.9
Rated by 613 Men
Rated 4.2 for Job security and 4.1 for Salary
Work Policy at Federal Bank
based on 160 reviews in last 6 months
Work from office
96%
Hybrid
4%
Federal Bank Reviews
Top mentions in Federal Bank Reviews
+ 5 more
Compare Federal Bank with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 881 reviews | 4.0/5 based on 39.1k reviews | 3.9/5 based on 40.9k reviews | 3.7/5 based on 26.3k reviews |
Highly Rated for | Job security Salary | Job security Skill development Company culture | Job security Skill development | No highly rated category |
Critically Rated for | Promotions Work satisfaction | No critically rated category | Promotions | Promotions |
Primary Work Policy | Work from office 96% employees reported | Work from office 91% employees reported | Work from office 84% employees reported | Work from office 79% employees reported |
Rating by Women Employees | 3.8 Good rated by 215 women | 3.9 Good rated by 10.4k women | 3.7 Good rated by 8.6k women | 3.6 Good rated by 5.7k women |
Rating by Men Employees | 3.9 Good rated by 613 men | 4.0 Good rated by 27k men | 3.9 Good rated by 30.3k men | 3.8 Good rated by 19.5k men |
Job security | 4.2 Good | 4.1 Good | 4.0 Good | 3.7 Good |
View more
Federal Bank Salaries
Federal Bank salaries have received with an average score of 4.1 out of 5 by 881 employees.
Probationary Officer
(310 salaries)
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₹6 L/yr - ₹16 L/yr
Relationship Manager
(244 salaries)
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₹2 L/yr - ₹4 L/yr
Officer
(142 salaries)
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₹6.9 L/yr - ₹16 L/yr
Credit Manager
(82 salaries)
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₹10 L/yr - ₹20 L/yr
Associate Vice President
(76 salaries)
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₹16 L/yr - ₹37 L/yr
Credit Analyst
(73 salaries)
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₹9 L/yr - ₹22 L/yr
Clerk
(55 salaries)
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₹4 L/yr - ₹8.5 L/yr
Branch Manager
(47 salaries)
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₹8.2 L/yr - ₹22 L/yr
Branch Head
(45 salaries)
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₹7.3 L/yr - ₹20 L/yr
Branch Head and Manager
(43 salaries)
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₹10 L/yr - ₹21 L/yr
Federal Bank Interview Questions
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Federal Bank News
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Shailini Warrier Quits As Federal Bank's Executive Director For Entrepreneurial Opportunity
- Shalini Warrier, the executive director of Federal Bank, has resigned to pursue a potential entrepreneurial opportunity.
- Warrier has served the bank for more than 9 years and believes it's an opportune time to step out and pursue her new journey.
- The board of Federal Bank has accepted her resignation and delegated the Managing Director and CEO to decide the actual date of relieving, which will be between May 15 and May 31.
- Warrier has over 28 years of banking experience, previously working with Standard Chartered Bank across various geographies.
Bloomberg Quint | 4 Apr, 2025
Federal Bank's 'Inexpensive' Stock Gets CLSA Initiation, 18% Upside Seen
- CLSA initiates coverage on Federal Bank, giving it an 'outperform' rating and a 12-month target of Rs 230 per share.
- Federal Bank is unique due to its strong non-residential deposit base, contributing to 30% of its total deposits.
- The bank aims to transform into a larger bank with improved return metrics over the next three years.
- In the near-term, Federal Bank will focus on profitability over loan growth, which may lead to a decline in net interest margin.
Bloomberg Quint | 4 Apr, 2025
Scapia raises $40 mn in Series B funding led by Peak XV Partners
- Scapia has raised $40 million in Series B funding led by Peak XV Partners.
- The company offers a co-branded credit card and app that allow customers to convert daily expenses into Scapia coins, which can be used for online hotel and flight bookings.
- The co-branded card, developed with Federal Bank, offers benefits including zero joining and annual fees, no forex markup, and complimentary unlimited domestic lounge access.
- Scapia aims to capture the growing segment of Gen Z and millennials in India, who make up 50% of all credit card issuances, with the potential to generate $80-100 billion in annual revenue by 2030.
HinduBusinessLine | 3 Apr, 2025
Scapia Secures $40M in Series B Funding to Boost Travel and Fintech
- Scapia, a Bengaluru-based travel fintech company, has raised $40 million in series B funding led by Peak XV Partners.
- The funding will be utilized for product development, team expansion, and integration of AI into its travel and financial services offerings.
- Scapia's co-branded credit card, developed in partnership with Federal Bank, offers competitive rewards, airport privileges, and no forex markup.
- The company plans to expand its services further in the Indian market after its customers have used its card to travel to over 100 countries.
Analyticsindiamag | 3 Apr, 2025
Travel fintech startup Scapia raises $40 million in a Series B round
- Bengaluru-based travel fintech startup Scapia has raised $40 million in a Series B funding round led by Peak XV Partners, with participation from Elevation Capital, Z47, and 3STATE Capital.
- Scapia aims to leverage the funding to expand its team, enhance its product offerings, integrate artificial intelligence, and scale its platform to meet growing demand in the travel-centric financial products market.
- Scapia's co-branded credit card, developed in partnership with Federal Bank, offers perks such as unlimited domestic lounge access, airport privileges, and rewards on purchases and travel bookings made through the platform.
- The startup's app provides seamless booking, rewards redemption, financing options, and 24/7 customer support, catering to the travel needs of the younger generation in India.
ISN | 3 Apr, 2025
Scapia Nets $40 Mn From Peak XV, Others To Expand Travel Offerings
- Flipkart executives' travel fintech startup, Scapia, has raised $40 Mn in a Series B funding round led by Peak XV Partners.
- The fresh capital will be used for product development, team expansion, and integrating AI technology to drive growth.
- Scapia offers co-branded credit cards in partnership with Federal Bank, providing unique benefits for Gen Z and millennial travelers.
- In addition to credit cards, Scapia has a travel app for booking flights, hotels, and domestic transportation.
Inc42 | 3 Apr, 2025
EPFO expands empanelled banking network, adds 15 more banks
- The EPFO has expanded its empanelled banking network by adding 15 more banks.
- This will enable direct payment of nearly ₹12,000 crore in annual collections and provide access to employers who maintain accounts with these banks.
- The total number of empanelled banks now stands at 32, with the addition of HSBC, Standard Chartered, Federal Bank, and others.
- EPFO's evolution and recent implementations such as EPFO 2.01 have improved claim settlements, with a 35% increase in claims settled in FY 2024-25.
HinduBusinessLine | 1 Apr, 2025
Startup news and updates: Daily roundup (April 1, 2025)
- India aims to electrify public transportation with plans to deploy 50,000 electric buses by 2030 and ensure 40% of buses are electric.
- Xebia focuses on nurturing tech talent in Tier II cities in India for AI solutions, particularly in Jaipur and Bhopal.
- Bajaj Auto surpasses Ola Electric as the leader in electric two-wheelers with 26.8% market share in March.
- OpenAI raises $40 billion with a valuation of $300 billion, led by SoftBank Group and other prominent investors.
- Evenflow secures funding as part of its ongoing Series A round to enhance growth and profitability across its portfolio.
- Entvin AI receives $500,000 funding from Y Combinator to expand AI capabilities in pharmaceutical solutions.
- Tvaster Genkalp secures $1.25 million in pre-Series A funding to advance molecular diagnostics for liver cancer detection.
- Hasiru Dala Innovations raises Rs 6 crore in pre-Series A round to expand its circular economy initiatives and sustainable waste management.
- Former Federal Bank CEO, Shyam Srinivasan, joins TVS Capital Funds as Senior Advisor, bringing vast experience in banking and financial services.
- The article highlights various funding activities, market changes, and strategic moves in the startup ecosystem, showcasing a diverse range of developments.
Yourstory | 1 Apr, 2025
Former Federal Bank CEO Shyam Srinivasan joins TVS Capital Funds as Senior Advisor
- Former Federal Bank CEO Shyam Srinivasan has joined TVS Capital Funds as a Senior Advisor.
- With over three decades of experience in banking and financial services, Srinivasan brings strategic expertise in institutional growth, digital transformation, and financial governance.
- Srinivasan will provide strategic insights and operational guidance to TCF's portfolio companies, particularly in financial services and technology-driven businesses.
- Gopal Srinivasan, Chairman and Managing Director of TVS Capital Funds, expressed that Shyam's depth of experience in financial services and strategic leadership will be invaluable for the firm, especially as they focus on control investing and partnering in transformational growth.
HinduBusinessLine | 1 Apr, 2025
IDFC First, Bandhan, RBL, Ujjivan, Suryodhay et al: A decade of bank IPOs and how the search for the next HDFC Bank boomeranged
- Many banking stocks, including private banks and small finance banks (SFBs), have underperformed and failed to replicate the success of HDFC Bank.
- Out of all bank IPOs in the last decade, only a few, including AU SFB, CSB Bank, Equitas SFB, and Jana SFB, have posted positive returns since IPO.
- Most banking stocks have significantly lagged behind the Nifty Bank index, with only a few exceptions like Federal Bank.
- The top 5 banks, including HDFC Bank, SBI, ICICI Bank, Axis Bank, and Kotak Mahindra Bank, have dominated the banking sector and driven the index's growth.
HinduBusinessLine | 23 Mar, 2025
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Federal Bank Subsidiaries
Fedbank Financial Services
4.1
• 624 reviews
FedServ
3.5
• 135 reviews
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Federal Bank FAQs
When was Federal Bank founded?
Federal Bank was founded in 1931. The company has been operating for 94 years primarily in the Banking sector.
Where is the Federal Bank headquarters located?
Federal Bank is headquartered in Aluva, Kerala. It operates in 9 cities such as Mumbai, Bangalore / Bengaluru, New Delhi, Chennai, Noida. To explore all the office locations, visit Federal Bank locations.
How many employees does Federal Bank have in India?
Federal Bank currently has more than 15,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Federal Bank based on the number of reviews submitted on AmbitionBox.
Does Federal Bank have good work-life balance?
Federal Bank has a Work-Life Balance Rating of 3.5 out of 5 based on 800+ employee reviews on AmbitionBox. 72% employees rated Federal Bank 4 or above, while 28% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Federal Bank work-life balance reviews for more details
Is Federal Bank good for career growth?
Career growth at Federal Bank is rated as moderate, with a promotions and appraisal rating of 3.3. 28% employees rated Federal Bank 3 or below, while 72% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Federal Bank promotions/appraisals reviews for more detailed insights.
What are the pros and cons of working in Federal Bank?
Working at Federal Bank comes with several advantages and disadvantages. It is highly rated for job security and salary & benefits. However, it is poorly rated for work satisfaction and promotions / appraisal, based on 800+ employee reviews on AmbitionBox.
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