Federal Bank, the Kerala-based private sector lender has inaugurated its 856th branch at Kothuval Street in Chalai. The branch was formally inaugurated by A P Majeed Khan, Chairman, Noorul Islam Education Trust and Chancellor, Noorul Islam University, while on-site ATM counter was inaugurated by Vinson M Paul, additional director-general of police, Kerala. The bank is also introducing the bulk note acceptor facility for the first time at Chalai Branch.
The bank’s net profit for the quarter ended December 31, 2011 has registered growth of 41.07% at Rs 201.87 crore as compared to Rs 143.10 crore for the quarter ended December 31, 2010. Bank’s total income has increased by 40.33% at Rs 1604.76 crore for the quarter ended December 31, 2011 from Rs 1143.57 million for the similar quarter of the previous year.
