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Federal Bank enters into tie up with Max Bupa

16 Apr 2014 Evaluate

Federal Bank, Kerala based private sector bank has entered into a tie-up with Max Bupa in a bancassurance corporate agency arrangement. According to this tie-up, the bank will provide comprehensive health insurance plans of Max Bupa to 24 million households of bank's clients.

Federal Bankhas reported 9.18% rise in its net profit at Rs 230.13 crore for third quarter ended December 31, 2013 as compared to Rs 210.78 crore for the same quarter in the previous year. Total income of the bank has increased by 9.86% at Rs 1895.92 crore for quarter under review as compared to Rs 1725.62 crore for the quarter ended December 31, 2012.

Peers
Company Name CMP
HDFC Bank 685.00
ICICI Bank 1385.70
Axis Bank 1226.10
Kotak Mahindra Bank 457.00
Indusind Bank 868.40
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