Guwahati, often pronounced as Gauhati in the regional dialect, is a scenic city situated in the north-eastern state of Assam. It lies on the foothills of the Shillong plateau and the Brahmaputra River flows through it. Guwahati is a larger expanse that encompasses the city of Dispur which is the administrative capital of Assam. Guwahati is the hub for trade and commerce in the northeast with the economy of the city driven by tea plantations and tourism. Industries such as pharmaceuticals, oil, electronics and textiles also contribute to it. The Guwahati refinery is one of the oldest refineries in India which contributes substantially to the economy and employment in the city. Assam is known for its tea. Most of the tea leaf processing and trade happens through Guwahati. The city also boasts of its beautiful handloom and textiles that are exported to all parts of India. Education is a rapidly developing sector in Guwahati. Some of the countrys finest institutions like the IIT have been set up in the city in addition to the older prestigious institutions that were already extant in Guwahati. Tourism is a dominant sector and the city acts as a gateway to the entire Northeast. The Kamakhya temple and the Umananda temple draw innumerable devotees every year.
The Federal Bank Limited based in Kochi, Kerala is a major private sector commercial bank. The Federal Bank had 1252 branches and 1680 ATMs across the country, as on 31 March 2016. The Pattamukkil Varattisseril Brothers gathered together to discuss the necessary steps to be taken to form a bank, on 7th April 1931 at Pattamukkil Varattisseril Tharavad. Among the founders of the bank are Pattamukkil Varattisseril Oommen Geevarghese, and his brothers Oommen Kurian, Oommen George Oommen Chacko. The Oommen Chacko was the managing director, and the Oommen Geevarghese was the founder chairman. The limitation of interest by the Travancore Debt Relief Act, 1941 and The Travancore Agriculturists Relief Act, 1939, greatly influenced the smooth functioning of the bank. On 2 December 1949, the bank was named Federal Bank Limited, after the completion of formalities of Banking Regulation Act, 1949. The Federal Bank introduced FedBook, the first electronic passbook in August 2013. The FedBook is a mobile application using which customers can check their passbook details. Federal Bank and SBI Card launched Federal Bank-SBI two co-branded Visa credit cards, namely Platinum and Gold N More in May 2015. In July 2015, an automated chat facility was introduced by the Federal Bank. Federal Bank launched Indias first Mobile App for Bank Account Opening in August 2015, creating history. As an upgrade to FedBook, e-Passbook App was launched by the bank as a unique facility of mobile-based bank opening. Anyone having an Aadhaar Card and PAN Card, can open a Savings Bank Account and get their Account Number instantly using a mobile from anywhere through the new avatar of Fedbook. In August 2016, Lotza, the Unified Payment Interface app was launched by the Federal Bank.