Chennai: 12th October 2017: Federal Bank invites applications for Federal Bank Hormis Memorial Scholarships 2017-18. Meritorious students belonging to the states of Kerala, Tamil Nadu, Gujarat and Maharashtra pursuing MBBS, BE/B Tech, B Sc Agri, B Sc Nursing and MBA are eligible to apply for the scholarship. The applicants should have secured admission to the course under merit in the academic year 2017-18 and the annual family income of the applicant should be below Rs 3,00,000/- Please refer Federal Bank’s website https://www.federalbank.co.in/el/corporate-social-responsibility for detailed eligibility conditions and application form. Duly filled applications shall reach Federal Bank, CSR Department, Federal Towers, Marine Drive, Ernakulam, Kochi 682031 on or before 10th November 2017.
About Federal Bank:
Federal Bank is a leading Private Sector Bank with a branch network of 1,252 branches and 1,680 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.72 Lakh Crore as at June 30, 2017 and it has earned a net profit of Rs 210.15 Crore for Q1 FY18. Bank’s Capital to Risk weighted Ratio (CRAR) stood at 15.28% at the end of June 30, 2017. Federal Bank has its Representative Office at Dubai and Abu Dhabi that serves 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. During FY 17 the bank handled around 15 % of the total personal inward remittance to India.