Federal Bank, Kerala based private sector bank, as part of its plan to expand its branch network will be opening up to 100 new branches every year. The bank would hire 3,000 people in the next three years.
The Aluva-headquartered private bank has 1,142 branches and 1,312 ATMs across the country. More than a half of the branches are outside Kerala. In the third quarter of the current financial year, the bank opened 18 branches.
Federal Bank has 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.
Company Name | CMP |
---|---|
HDFC Bank | 1517.05 |
ICICI Bank | 1149.90 |
Axis Bank | 1166.15 |
Indusind Bank | 1515.60 |
Kotak Mahindra Bank | 1623.75 |
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