NEWS & ADVICE : AUTO INSURANCE
Federal Bank gained a profit of 15%
By Neelima Shankar
Jan 16, 2015
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For the third quarter ended December 2014, the Federal Bank has reported, increase its net profit. The bank has gained the profit of 15%. With the profit the bank has managed to earn Rs 264.69 crore.

Last year during the same fiscal the net profit of the bank was Rs 230.13 crore and this time it has went up to Rs 264.69 crore. On the other hand the total net income of the bank has also increased. Total income has increased from Rs 1,895.92 crore for the quarter ended December 31, 2013 to Rs 2,090.01 crore. While, the gross NPAs reduced to 2.19 per cent as against 2.83 per cent in the year ago period.


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