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Applications Invited for Federal Bank Hormis Memorial Foundation Scholarship

Federal Bank invites applications for Federal Bank Hormis Memorial Foundation Scholarships for the academic year 2019-20. Students belonging to the states of Kerala, Tamil Nadu, Gujarat and Maharashtra pursuing 1st year of MBBS, Engineering, BSc Nursing, BSc Agriculture including BSc (Hons) Co-operation & Banking with Agriculture Sciences conducted by Agriculture Universities and MBA are eligible to apply for the scholarship. Candidates applying for scholarship should have secured admission under merit in Government, aided and self‑financing colleges during the academic year 2019-20 and the annual family income of the applicant should be below ₹ 3,00,000/-. Children of armed forces personnel who gave up their life for the nation will be considered under a separate channel and the family income stipulation is not applicable to students falling under this category. Please refer Federal Bank’s website https://www.federalbank.co.in/corporate-social-responsibility
for detailed eligibility conditions and application form. Students shall submit the duly filled in applications and required documents as mentioned in the application form to nearest branch of Federal Bank for verification on or before 31-12-2019.

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.

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