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Which of the following is not a foreign bank in India?

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Which of the following is not a foreign bank in India?
1. Citi Bank
2. Standard Chartered Bank
3. Federal Bank
4. HSBC
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Correct Answer - Option 3 : Federal Bank

The correct answer is Federal Bank.

  • Federal Bank Limited is the major Indian commercial bank and headquartered in Aluva, Kochi.
  • Federal Bank was founded on 23 April 1931 as Travancore Federal Bank.
  • Federal Bank was founded by K.P. Hormis.
  • The Federal bank has more than 1200 branches spread across different states in India.

 

  • The bank also has its Representative Offices abroad in Dubai and Abu Dhabi.
  • After completing the formalities of the Banking Regulation Act, 1949, The bank name was named Federal Bank Limited on 2 December 1949.
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