Federal Bank had invited applications from meritorious students pursuing MBBS, Engineering, BSc Nursing, BSc Agriculture including BSc (Hons) Co-operation & Banking with Agriculture Sciences and MBA from the states of Kerala, Tamilnadu, Maharashtra and Gujarat for Federal Bank Hormis Memorial Foundation Scholarships for the academic year 2019-20. A hundred and thirteen students have been selected for the scholarships and the list of selected students is published on the Bank’s website www.federalbank.co.in/corporate-social-responsibility.
46 students from Kerala, 17 students from Maharashtra, 21 students from Gujarat and 25 students from Tamilnadu got selected for scholarships. In addition, 3 students in physically challenged category and 1 student who is dependent child of martyred armed force personnel also have been selected for the scholarship. Selected students will be reimbursed 100% of tuition fees and other fees paid as per the fee structure of the college, subject to a maximum of ₹ 1 lakh per year. Students are eligible for one Personal Computer during their course of study (within the overall limit of ₹ 1 lakh per year). Summary of the selection list is furnished below.
|States||Stream||No. of students benefitted|
|Dependent wards of Martyred Armed Force Personnel||1|
About Federal Bank:
Federal Bank is a leading private sector bank with a branch network of 1,251 branches and 1,934 ATMs/Recyclers spread across the country. The Bank’s total business mix (deposits + advances) stood at Rs 2.46 Lakh Crore as at March 31, 2019 and it has earned a net profit of Rs. 1,244 Crore for FY19. The Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines, stood at 14.14%. Federal Bank has its Representative Offices at Dubai and Abu Dhabi that serve as a nerve centre for NRI customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City). Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well defined vision for the future as a guidepost to its progress.