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Federal Bank Q2 net up 37.2 pc at Rs 95.33 crore


New Delhi, Oct 26: Federal Bank today said the company's net profit rose by 37.2 per cent to Rs 95.33 crore for the quarter ended September 30, as compared to Rs 69.46 crore for the corresponding period a year ago.

Total Income of the company also increased by 33.2 per cent to Rs Rs 675.06 crore for the quarter, as compared to Rs 506.32 crore for the same period in 2006, a statement said.

The results also include the figures of the erstwhile The Ganesh Bank of Kurundwad Ltd which merged with the Bank last year.


UNI

Federal Bank declares 40 per cent dividend

Kochi, May 23: Federal Bank today announced a dividend of 40 per cent for 2007-08 with the bank achieving an increase of 25.73 per cent in net profit to Rs 368.05 crore. Addressing a press conference here after a meeting of the board of directors, bank Chairman M Venugopalan said the operating profit had gone up by 29.55 per cent to Rs 794.12 crore from the previous fiscal. The total business of the bank increased to Rs 44,819 crore from Rs 36,483.....
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