Federal Bank opens one new branch at Kuravankonam

30 Mar 2015 Evaluate

Federal Bank, Kerala based private sector bank has reportedly opened a new branch at Kuravankonam in Thiruvananthapuram. With this, the bank’s branch network has grown to 1232.

The bank’s net profit for the quarter ended December 31, 2014, rose by 15.01% at Rs 264.69 crore as compared to Rs 230.13 crore for the quarter ended December 31, 2013. The bank’s total Income has increased by 10.24% to Rs 2090.01 crore for the quarter under review from Rs 1895.92 crore for the corresponding quarter of the previous year.

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