Mysore city is officially named as Mysuru. It is the third among the largest cities in the south Indian state of Karnataka. It is located at the foothills of the Chamundi hills and has an enormous historical and cultural background. The rule of different dynasties dominates its history which reflects through the various palaces and other landmarks in the city. The city lies close to the state capital Bangalore and provides an investment option for companies, away from the hustle and bustle of the capital city. Tourism, Sandalwood products and textiles drive the economy of the city. Mysore silk sarees are favorite among Indian women. The city has seen a lot of development in recent days with the rise of the software sector when Infosys set up a huge campus in Mysore. Other MNCs like Larsen & Toubro Infotech and Excelsoft Technologies followed suit. Mysore hosts many central government organizations such as RBI Paper Printing Press, RBI Note printing Press and several others that provide a considerable employment opportunity to the residents. Mysore has many educational institutions which nurture the talent of the youth and shape them up for the various industries in the city. Few of the esteemed institutes in Mysore are the University of Mysore, Visvesvaraya Technological University, Mysore medical college, etc. The city is a haven for tourism with splendid attractions such as the Mysore Palace, Nagarhole national park, Mysore zoo, Chamundeshwari temple, St. Philomenas church, etc.
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.