The city of Ambarnath, in the Indian state of Maharashtra, is also a part of the Mumbai Metropolitan Region. It falls within the territorial boundaries of the Thane district. The city is often spelled as Ambernath. The name Ambarnath translates to the Lord of the Sky and refers to Lord Shiva. The city is the site of an old temple dedicated to Lord Shiva, from 1060 AD. Like all suburbs of Mumbai, the railway track divides the city of Ambarnath into Ambarnath East and Ambarnath West. Ambarnath west has developed as an industrial zone and it has numerous small and large chemical factories. The government of India has set up an Ordnance Factory in the region, which is slowly developing a residential neighborhood in the area. There is a large safety matchstick manufacturing facility of WIMCO is located in this region along with more than 150 large-scale industries such as textile, aerospace, chemicals, edible goods and electrical hardware. Ambarnath East is mostly a residential area. The famous Shiva temple is located in Ambarnath East along with several residential and sporting complexes.
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.