Federal Bank PO Recruitment 2017
Federal Bank India will hire desirable Candidates through Federal Bank PO Recruitment 2017 Notification for various vacancies. So, all the aspirants can make use of this good chance and be a part of Federal Bank Careers 2017. Participants who fulfill the eligibility criteria can apply for Federal Bank Recruitment 2017 on or before the last date. Scroll down beneath this page for more information about Federal Bank Ltd.
Federal Bank Careers 2017 – federalbank.co.in
Name of the Board: Federal Bank.
Name of the Posts: Probationary Officer (PO)(Scale-1).
No. of Vacancies: Various.
Apply Mode: Online.
Starting Date: 23rd August 2017.
Last date: 4th September 2017.
Selection Procedure: Written Test, Group Discussion (GD) and Interview.
Application Fee:
- For General Candidates: Rs.700/-.
- For SC/ST Candidates: Rs.350/-.
Payscale:
- Rs.23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42020.
Eligibility Criteria for Federal Bank PO Jobs 2017
Educational Qualification:
- Candidates must have completed their graduation with 60% marks from any recognized university, should have should have obtained minimum 60% marks in SSC or equivalent exam and 60% marks in 12th or PUC and should also have acquired stipulated educational qualification through the regular mode of study.
Age Limit:
- Maximum Age: 26 years.
About Federal Bank
The Federal Bank Limited is a major private sector commercial bank headquartered at Aluva, Kochi, Kerala. As on 31 March 2016, Federal Bank has 1252 branches and 1680 ATMs across the country. Its balance-sheet stood at Rs. 1.37 trillion as of end March 2016 and its Net Profit stood at Rs. 475 crores for the fiscal year.The history of Federal Bank dates back to the pre-independence era. On 7 April 1931 at Pattamukkil Varattisseril Tharavad, the Pattamukkil Varattisseril Brothers gathered together to discuss the necessary steps to be taken to form a bank.
The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorized capital of ₹5000 from Pattamukkil Varattisseril Brother’s at Pattamukkil Varattisseril Ancestral Home, Nedumpuram a place near Thiruvalla in Central Travancore on 28 April 1931 under the Travancore Companys’s Act, 1916. It started with the business of auction-chitty and elementary banking transactions related to agriculture and industry. The home functioned as the bank office for nearly 15 years.
More About Federal Bank
The founders included Pattamukkil Varattisseril Oommen Geevarghese, and his brothers Oommen Chacko, Oommen Kurian, and Oommen George. Oommen Geevarghese was the founder chairman and Oommen Chacko was the managing director. The Travancore Agriculturists’ Relief Act, 1939, and the limitation of interest by the Travancore Debt Relief Act, 1941 greatly influenced the smooth functioning of the bank. The terms and conditions of this particular act were supportive to the farmers and it was totally against the interest of the banks and auction-chitty operators of that time. After the bank had functioned for nearly 15 years, the bank’s day-to-day operations had to be stopped due to Oommen Chacko’s ill-health.
A lawyer from Perumbavoor named Kulangara Paulo Hormis (K. P. Hormis), and his acquaintances, bought the shares and took over the management on 30 December 1944 and till 18 May 1945 Travancore Federal Bank Limited functioned at Nedumpuram under his chairmanship.The bank’s name was shortened from Travancore Federal Bank Limited to Federal Bank Limited on 2 December 1949, after completing the formalities of Banking Regulation Act, 1949.
History of Federal Bank
Between 1963 and 1970, Federal Bank took over Chalakudy Public Bank (est. 20 July 1929 in Chalakudy), Cochin Union Bank (est. 1963) in Trichur, Alleppey Bank (est 1964; Alappuzha), St. George Union Bank (est. 1965) in Puthenpally, and Marthandam Commercial Bank (est. 1968) in Thiruvananthapuram. In 1970, Federal Bank became a scheduled commercial bank and came out with its initial public offering in 1994.
In January 2008, Federal Bank opened its first overseas representative office in Abu Dhabi.In April 2015, Federal Bank posted its highest ever net profit at Rs 1005.75 crore for fiscal 2014-15. The net profit grew 20% during the year which saw the deposits and advances of the bank outgrow that of the industry by 40%. In November 2016, Federal Bank opened its second UAE representative office in Dubai as part of a strategy to expand footprints in the Persian Gulf region to serve its fast growing overseas clients.
