Federal Bank net up 5% at Rs 226 crore

Source : BUSINESS_STANDARD
By : BS Reporter
Last Updated: Sun, Oct 20, 2013 20:52 hrs
A labourer works on the sign of a bank building in the western Indian city of Ahmedabad

Federal Bank reported 4.98 per cent rise in net profit in the second quarter of the current financial year at Rs 225.81 crore from Rs 215 .10 crore in the same quarter of last year. Total income of the bank increased 11.58 per cent to Rs 1,857.84 crore.

While total deposits rose 14.69 per cent from Rs 49,518.07 crore to Rs 56,793.74 crore, advances rose 16.31 per cent from Rs 36,299.18 crore to Rs 42,220.06 crore. Net interest income (NII) recorded a sequential growth of 7.60 per cent (annualised growth of 30.41%), as it improved from Rs 509.61 cr to Rs 548.35 crore.


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