Misplaced Pages

Federal Bank

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

Kerala has an urbanisation rate of 47.42%, as compared to the national rate of 31.16%, making it the 2nd most urbanised major state in India. Within Kerala, the rate of urbanisation varied from 3.9% in Wayanad district to 68.1% in Ernakulam district. Municipalities are the urban local governments that deal with civic functions and local development functions in the municipal area. The state of Kerala has 87 municipalities and six municipal corporations. With 13 municipalities, the district of Ernakulam has the most municipalities in the state.

#870129

37-642: Federal Bank Limited is an Indian private sector bank headquartered in Aluva , Kerala . The Bank has 1518+ banking outlets and, 2042+ ATMs/ CDMS spread across different states in India and overseas representative offices at Abu Dhabi and Dubai . With a customer base of over 18.5 million, and a large network of remittance partners around the world, Federal Bank handles more than one fifth of India's total inward remittances, approximately. The bank has remittance arrangements with more than 110 Banks/Exchange Companies around

74-656: A Scheduled Commercial Bank in 1970, which also coincided with the Silver Jubilee Year, since the bank commenced its operation in Aluva . 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 . Current Board of Directors are: Federal Bank has instituted a public charitable trust by name Federal Bank Hormis Memorial Foundation to perpetuate

111-644: A branch in Aluva. The Mahadeva Temple is 1 km away from the Marthanda Varma bridge in NH-47 . Periyar river splits into two rivers near the Aluva railway bridge. After the splitting, one part of the river is known as Mangalappuzha. Aluva Mahadeva Temple is located on the sand bank between the Mangalppuzha and Periyar river. The temple's Shiva linga is not enshrined in a sreekovil ; it rises out of

148-465: A deity that rested in a temple in Aluva. The Sivarathri festival is celebrated in honour of Shiva . The city is also known as the "gateway to the east". Some leaflets and websites still refer to the town by its colonial name (Alwaye). Archaeologists have found evidence of settlements in Aluva dating from as far back as 250 BC. Aluva was a continuous area of land spread across Kakkanad and Alangad until 1341 CE. The town, by then densely populated, became

185-534: A holiday resort and a centre of commerce. Mangalappuzha, a branch of Periyar that bifurcates at Aluva, was known to be a centre of trade and commerce in its area of South India. Before Indian independence, Aluva was part of the Kingdom of Travancore and was the official summer residence of its royal family. In the twentieth century, when there was a community of Jews in Kochi, some people had holiday homes in Aluva on

222-479: A node for Kochi city buses, with intra-city services to city regions such as Fort Kochi , Tripunithura , Kakkanad , etc. It is also a hub for private bus companies in the city, such as Kochi Wheels . Kochi Metro Rail Limited also runs a bus service from Aluva metro station to Cochin International Airport named Pavan Doot. It uses an electric bus . Aluva is a stop for National Waterway 3;

259-814: A role in Aluva's assimilation into Kochi city. The metro system's third phase is supposed to extend the line further north from Aluva to the northern suburb Angamaly in order to connect to the Cochin International Airport . Rajiv Gandhi Central Bus Station is one of the largest private bus terminals in Kochi and Kerala. Aluva KSRTC bus station is also a bus station in central Kerala. The daily passenger buses of Karnataka RTC and Tamil Nadu's SETC have routes to places such as Mysore, Mangalore, Bangalore, Trichy, Coimbatore, Salem, Palani, and Kodaikanal. Privately operated inter-state buses to Bangalore, Chennai, Mysore, Mumbai, and other cities have stops in points of Aluva. Rajiv Gandhi Central acts as

296-577: Is a grade-A railway station in Kerala, and is the third busiest railway station in Kochi after Ernakulam Junction railway station and Ernakulam Town railway station . All passenger and express trains bound to southern Kerala have a stop at it. People travelling from the Idukki district must also use either the Aluva railway station or the Tripunithura railway station for all their train journeys, since

333-588: Is also a small railway station near Aluva named Chowara , which is 4 km (2.5 mi) away from the Aluva railway station. Kochi Metro Phase 1 starts at the Aluva Bypass and operates until it reaches Pettah. The construction of the project was started in mid-2013; Phase 1 commenced its operations on 19 June 2017. Kochi Metro Rail Limited is a project of the Kerala Government undertaken by DMRC aside from Aluva Flyover. Aluva metro station

370-423: Is from the latter part of the time in which parody was considered to be popular. With Kochi becoming the base for Mollywood , several parts of the city, including Aluva, have featured in films such as Premam (portraying the erstwhile Aluva town in the 90s and early 2000s) and Nizhal. Several newspapers and magazines were published in Aluva during the print era. Continuing with the tradition of published writing,

407-631: Is part of the Kochi metropolitan area , 15 km (9.3 mi) north of the Kochi city centre. As per the 2011 Indian census , Aluva has a population of 22,428. Aluva, home to the summer residency of the Travancore royal family (the Alwaye Palace ), is also known for the Sivarathri festival , which is celebrated annually on the sandbanks of Periyar. The Advaita Ashram in Aluva, which

SECTION 10

#1732791794871

444-405: Is the executive authority of the municipalities. Elected councillors and officers are the other functionaries. Two types of officers now exist – officers belonging to the municipality as full-time officers and officers transferred to the municipality from the state government. H The Kerala Municipality Act, 1994 mandates the establishment of ward committees in each ward of the municipality. In case

481-544: Is the northern terminus of Phase 1. Kochi Metro is expected to overcome the traffic problems in the Aluva- Edappally - Ernakulam road corridor, which is the second busiest road corridor in Kochi after the Kundannoor - Edappally section of NH 66 . It is also expected to increase the amount of civil infrastructure in the city. Development of Kochi metro has raised the commercial value of the land, and has played

518-466: Is to build awareness, encourage screening and testing for Cancer. Through this initiative, the Bank aims to raise awareness of the prevention of cancer, helping individuals fight the social stigma associated with the disease and the hesitation to opt for early detection and diagnosis. In April 2021, News18 and Federal Bank Hormis Memorial Foundation partnered to uplift societal health through its reach across

555-494: The town panchayats , municipal councils , and municipal corporations . Prior to this, the urban areas of Kerala were governed by the following acts, which were repealed when the Kerala Municipality Act, 1994 was introduced: Hence, instead of having separate acts for municipal corporations and other types of municipal bodies, from 1994 Kerala has the same act to govern all its municipal bodies. Since then,

592-428: The Aluva area, Vayalar Ramavarma and O.N.V Kurup wrote about Periyar; Aluva influenced their writing. The mimicry comedy that dominated the cultural landscape of Kerala beginning in the 1980s was originated in Aluva by stand-up comedians from that area, though they got larger audiences and fans in Kochi and Malayalam movies later, which would make them fixations of Kerala's popular culture. The actor known as Dileep

629-528: The Dutch authority got weaker in 18th century. However, the first modern kind of municipalities were formed in the state in 1866 in Malabar District . In 1866, Fort Kochi municipality was reestablished. Kannur , Thalassery , Kozhikode , Palakkad , and Fort Kochi , which were parts of Malabar District until 1956, were made the first modern municipalities of Kerala on 1 November 1866, according to

666-600: The Idukki district's topography cannot accommodate a railway station. There are no trains with routes that start or end at the Aluva Railway Station. Aluva Railway Station is situated at the Railway Station Road junction near the KSRTC stand. The KSRTC stand hosts buses from Ernakulam and City Low Floor buses (with and without A/C) in order to connect the majority of the places in Kerala. There

703-592: The Indian National Congress Party, led by M. O. John , who was elected in December 2020. Previously, it was led by Lissy Abraham (2015–2020) and M. T. Jacob (2010–2015). Aluva is connected to other parts of India by air, road, and rail. Cochin International Airport is located 15 km (9.3 mi) away from the town centre. Domestic and international connections are available from the airport. Aluva Railway Station (IR Code: AWY)

740-518: The Kochi city bus network. The Metro station is at Bypass, Aluva. The etymology of the name of the town of Aluva has been the subject of speculation for centuries. One of the more accepted versions of the story of its naming relates to the story of the Hindu god Shiva drinking the Kalakootam poison to save the world. It is said that Shiva with the poison (Alam) in his mouth (Vaa) was then made into

777-643: The Madras Act 10 of 1865 (Amendment of the Improvements in Towns act 1850) of the British Indian Empire . The 74th Constitutional Amendment Act, 1992 provided for a national framework for municipal governance in the country, and Kerala has been following that pattern since 1994. Consequent to this amendment, several changes have occurred in the functions, powers, and responsibilities of

SECTION 20

#1732791794871

814-1242: The Travancore Companies Act. It started business of auction-chitty and other banking transactions connected with agriculture and industry. The bank was named Federal Bank Limited on 2 December 1949, after completing the formalities of Banking Regulation Act, 1949 . It is considered as one of the major Indian commercial banks in the private sector having more than thousand branches and ATMs spread across different States in India. Between 1963 and 1970, Federal Bank took over Chalakudy Public Bank (est. 20 July 1929 in Chalakudy ), Cochin Union Bank (est. 1963) in Thrissur , Alleppey Bank (est. 1964; Alappuzha ), St. George Union Bank (est. 1965) in Puthenpally, and Marthandam Commercial Bank (est. 1968) in Thiruvananthapuram . The bank launched its initial public offering in 1994. The bank became

851-694: The administrative centre of the Aluva taluk . The taluks of villages including Mukundapuram, Kanayannur, Kunathunad and North Paravur were combined to form the Aluva taluk in 1956. The headquarters of the District Police Chief of Ernakulam Rural Police District, Superintending Engineer, PWD (Roads) and the District Educational Officer are also located there. It is the northern starting point of Kochi Metro rail's first phase, which began its operations in June 2017, as well as

888-590: The banks of the River Periyar. Aluva is a constituency in the Kerala Legislative Assembly . The Aluva constituency is also part of the Chalakudy (Lok Sabha constituency); Anwar Sadath is the MLA for Aluva. It is part of Chalakudy (Lok Sabha constituency) , which Benny Behanan is a member of. Administratively, Aluva is a municipality . The current municipal council is ruled by

925-410: The citizens. The Kerala Municipality Act 1994 envisage creation of three kinds of urban local governments Kerala has not created any town panchayats so far. The functions of the municipalities are enlisted as schedule appended to Kerala Municipality Act. The functions can be divided into civic functions and development functions in areas of agriculture, industry, health, education etc. Chairperson

962-469: The country through 'Sanjeevani – A Shot Of Life', India's largest private vaccination drive to boost COVID-19 vaccine awareness. The Bank led the campaign across 1000 villages of 5 districts of 5 different states touching more than 24 Lakh lives. Aluva Aluva ( [ɐːluʋɐ] ; formerly known as former name Alwaye ), is a municipality in the Ernakulam district of Kerala , India . It

999-548: The day the Bank was founded. The Founder's values and ethos based on trust got embedded in the Bank's policies and principles which reflect on its day-to-day business. CSR in Federal Bank began with the first act of cultivating banking habits in an agrarian society - to effectively utilize idle money for productive purposes. In October 2023, Federal Bank Hormis Memorial Foundation, News 18 Network, and Tata Trusts unveiled ‘Sanjeevani- United against Cancer’. ‘Sanjeevani’ mission

1036-581: The first online magazine and blogging platform was started in Aluva by puzha.com, which still exists on the Internet. Tourists can find the Manappuram as a long stretch of sand bank followed by a plain. Sivagiri Ashram has a small temple that worships Sree Narayana Guru. Tourist spots include Mahadeva Temple and Aluva Palace . Aluva is the home of multiple business headquarters. Aluva is known for its "Aluva Pukayillatha Aduppu" (smokeless stove), which

1073-488: The fond memory of late K. P. Hormis , the founder of the Bank. The Trust is striving hard to inculcate in people better knowledge and awareness in the field of banking through training programmes, focused seminars, awards and so on. The trust and its activities were inaugurated by the then Union Finance Minister Shri. P. Chidambaram at Ernakulam on 18.10.1996. For Federal Bank, Corporate Social Responsibility (CSR) has been an inherited and inbuilt element of its culture from

1110-412: The municipalities, and the states had to make necessary amendments to the legislation on the local governments in the respective states. The Kerala Municipalities Act of 1994, enacted as per the constitutional amendment, governs the pattern, functions and services of the municipalities in Kerala. The act, which was integrated for the municipalities and corporations in the state, laid out the constitution of

1147-533: The municipality has less than one lakh population, then every person from the ward on the electoral roll becomes a member of the committee. In case the population of the municipality is more than one lakh, then the following become the members of the ward committee: In both cases, the local Councillor is the chairperson of the Ward Committee. The Kerala Municipality (Constitution of Ward Committee and Procedure for Meeting) Rules, 1995 provides further rules for

Federal Bank - Misplaced Pages Continue

1184-697: The sand banks of the Periyar river. The land on which the sand banks are located is called the Aluva Manal Puram (land with sand). Municipalities of Kerala The urban councils of Kerala date back to the 17th century when the Dutch Malabar established the municipality of Fort Kochi . In 1664, the municipality of Fort Kochi was established by Dutch Malabar , making it the first municipality in Indian subcontinent , which got dissolved when

1221-466: The structure of municipal bodies has essentially remained the same, even though the urban areas have multiplied. The 74th amendment to the Constitution of India resulted in increased roles for the municipalities in every state in India, where they have been perceived to be great contributors to the social and economic development of the country, as they are the level of government that is closest to

1258-608: The waterway connects to Thiruvananthapuram in the south and to Kottapuram (Thrissur) in the north. Landmarks Aluva's culture has been influenced by the people native to it and by those attracted to it due to factors such as its proximity to the Periyar River. Several Malayalam movie songs are dedicated to the river Periyar. Poets such as Changapuzha Krishna Pillai , G. Sankara Kurup and Balachandran Chullikkadu , and critic Kuttipuzha Krishnapilla, and novelist Subash Chandran are from Aluva and lived there. Though not from

1295-646: The world. The bank is also listed in the Bombay Stock Exchange , National Stock Exchange of India and London Stock Exchange and has a branch in India's first International Financial Services Centre (IFSC) at the GIFT City . The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorized capital of ₹5,000 at Nedumpuram , a place near Thiruvalla in Central Travancore on 23 April 1931 under

1332-490: Was founded in 1913 by Sree Narayana Guru , an Indian social reformer, adds to the cultural aspect of the region. Today, despite being a part of the city as well as the Kochi urban agglomeration , Aluva is still an autonomous municipality , with its civic administration conducted by the Aluva Municipal Council, since Kochi Corporation has not expanded its limits for over 53 years. Aluva also serves as

1369-586: Was invented by the Alwaye Settlement Church. One private sector bank in India, The Federal Bank, has its headquarters in Aluva. Aluva serves as a prominent centre for aspiring Chartered Accountants (CAs) and Company Secretaries (CS). Noteworthy chartered accountancy firms in the area encompass Balan & Co and Yesjay Associates, among others. Additionally, the Kerala State Civil Service Academy has established

#870129