Federal Bank ties up with India Infoline to offer enhanced broking services

In a bid to offer enhanced broking services, Federal Bank has entered into partnership with India Infoline, a part of IIFL Group. Federal Bank’s customers in India and abroad will be offered IIFL’s enhanced broking services. The bank is aiming to connect its customers in India and abroad to one of the most trustworthy brands in broking.

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.