|
Kochi: Kerala-based Federal Bank Ltd has recorded a 30.16 per cent increase in net profit for the first half year at Rs 237.45 crore over Rs 182.43 crore recorded for the first half of last fiscal.
The bank's net profit in the last financial year was Rs 500.49 crore and net worth of the bank was over Rs 4,325 crore as on March 31, 2009, C Thomas Joseph, General Manager, Federal Bank, said.
The net Non Performing Assets and Return on Average Assets were at 0.54 per cent and 1.24 per cent respectively as on September 30, 2009.
As of now, the bank's gross business was close to Rs
60,000 crore, he said, adding the bank was targeting a total business of Rs one trillion by 2011.
The bank has opened its first overseas representative office in Abu Dhabi.
Joseph said the bank has also ventured into Life Insurance Business in association with Fortis Insurance International and IDBI in 2008. It is also into bullion sales, offering 99.99 per cent pure imported Suisse Gold coins, in various denominations, under the brand name 'Federal Bank Pure Gold'.
As of today the bank has 669 branches and 680 ATMs spread over important locations in India, supported by 13 regional offices, he said.
More from BANKING & FINANCE
Discuss this story on expressindia forums
|
|
 |
 |
 |
About Us | Contact Us | Advertisers | Site Map | Make us your homepage | Work for Us | RSS | Subscribe | Electronic Edition | Privacy Policy© 2009: The Indian Express Limited. All rights reserved throughout the world
