Jamshedpur is the earliest planned industrial city of India and also the most populous city in the Indian state of Jharkhand. The rivers Subarnarekha and Kharkai border two edges of the city which is surrounded by the picturesque Dalma Hills and located on the Chota Nagpur plateau. The city is named after Jamsedji Tata, who had planned and funded the development of the city. Companies like Tata Steel, Tata Power, Tata Motors, TCE, TCS, Lafarge Cement, Telcon, BOC Gases, etc. are located here. Jamshedpur houses the largest industrial zone in India, known as Adityapur, which has more than 1200 SMEs. Tata steel is the oldest and largest Steel producing plant in India. The areas surrounding the city of Jamshedpur are rich in minerals, especially iron ore, coal, manganese, bauxite and lime. It is the hub of the iron and steel industry, truck manufacturing, tinplate production, cement and other SMEs manufacturing these products. The administration of the city is looked after by Greater Jamshedpur Metropolitan Region, with the help of TATA group.
Federal Bank Limited was established on 28th April 1931. In September 2006, the Ganesh Bank of Kurundwad was merged with Federal Bank, and the total number of the bank branches crossed 500. In July 2011, the Federal office launched the general insurance cover for stabilizing the relationship with the clients. FedDelight, banks unique gift card was launched in September 2011. In November 2011, the bank started its 24/7 customer care which was controlled by differently abled people. The Federal Bank has also signed an agreement with Samba Bank for inward remittance. The stocks of the bank get listed on the BSE Index in 2012. In August 2013, the bank launched its first electronic passbook named Fedbook in India, and it was awarded as the most active organization. The bank has adopted an exclusive video conferencing facility named Vconnect to enable customers to interact with relationship managers of the bank. In June 2015, the bank launched an innovative payment app for its customers named, Scan n Pay. Another initiative in digital banking was Fed-E-Credit, the first digital loan in August 2015. In January 2016, the bank introduced miss call based banking services for fund transfer.