Federal Bank, a Kerala-based private sector bank has unveiled a new version of its electronic passbook called ‘FedBook’. Through this new passbook, the bank’s customers can now monitor their loan accounts, keep track of their cheques and view their deposit accounts with ease. This application can also provide the full list of deposits of the customer sorted in the order of maturity.
The bank’s net profit for the quarter ended June 30, 2014 rose by 91.40% at Rs 202.23 crore as compared to Rs 105.66 crore for the quarter ended June 30, 2013. Its total income has increased by 3.16% to Rs 1928.04 crore for the quarter under review from Rs 1869.05 crore for the corresponding quarter of the previous year.
