Morena is located in the Indian state of Madhya Pradesh. It is situated in the Chambal division of the state and houses the administrative headquarters of the Morena district. The area was once notorious for dacoits, who terrorized the residents and plundered everything. It has now become a safer place and its 3 lakh residents can peacefully live their lives in the city. Many industrial units have been set up at Morena and the place has gained importance in terms of business and commerce. Located in the basin of the Chambal River, Morena has a tract of rich alluvial soil in some areas where wheat and oilseeds are widely cultivated. Morena has some quarries for building stones. There are forest areas which are inhabited by peacocks. The city is known for its sweets - Gajak is a traditional sweet made of sesame and jaggery and manufactured at Morena during winter; Malpua, made of flour and jaggery, is another delicious sweet that Morena is known for. Tourism is a major economic source in this city. The areas worth visiting in and around Morena are National Chambal Gharial Wildlife Sanctuary, Pahargarh cave paintings, Sabalgarh Fort, Sersaini Fort, Jain Temples and various Hindu temples.
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.