Federal Bank, a Kerala-based private sector bank has achieved a milestone as the bank’s total business has crossed Rs 1 lakh crore mark. The bank is planning to add another 100 branches to its current 1,067 branches across the country this year. It aims to increase the branches to 175 from the present 120 in Tamil Nadu, with a business of Rs 7,105 crore representing 7.36% of the bank’s total business, in the current year.
Federal Bank is the fourth largest bank in India in terms of capital base and can easily boast of a Capital Adequacy Ratio of 17.23%, one of the highest in the industry. This along with the existence in a highly regulated environment has helped the bank to tide over the recession with minimum impact to its financial stability.
Company Name | CMP |
---|---|
HDFC Bank | 1561.50 |
ICICI Bank | 1124.05 |
Axis Bank | 1200.45 |
Indusind Bank | 1486.05 |
Kotak Mahindra Bank | 1745.50 |
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