sector: Financials ·
industry: Banks ·
As of
11:36am IST
245.00INR
The Federal Bank Limited is engaged in the banking business. The Company operates in four business segments: treasury operations (investment and trading in securities, shares and debentures); wholesale banking, retail banking and other banking operations. During the fiscal year ended March 31, 2009 (fiscal 2009), the Company opened 9 new braches and 85 new automated teller machines (ATM) centers. As of March 31, 2009, the total number branches and ATM centers of the Bank increased to 612 and 617, respectively. FedBank Financial Services Ltd. is a wholly owned subsidiary of the Bank.
BRIEF: For the fiscal year ended 31 March 2009, The Federal Bank Limited's interest income increase 32% to RS33.15B. Net interest income after LLP increase to 43% RS9.7B. Net income increased 31% to RS4.72B. Net interest income reflects higher interest on loans, increased income on investments and higher other income. Net income was partially offset by an increase in higher employee charges and increased other expenditure.
The Federal Bank Limited
P B No. 103
Federal Towers
Aluva 683 101
P: +91484.2623620
F: +91484.2622672