Federal Bank, a Kerala-based private sector bank, has opened its new branch at Sasthamangalam in Kerala. With this, the bank’s branch network has grown to 1250.
The bank has posted a rise of 1.17% in its net profit at Rs 280.53 crore for the quarter ended March 31, 2015 as compared to Rs 277.29 crore for the same quarter in the previous year. Total income of the bank has increased by 9.77% at Rs 2214.28 crore for quarter under review as compared to Rs 2017.12 crore for the quarter ended March 31, 2014.
