Aluva-based Federal Bank has reported a rise of 14.5 per cent in its total income at Rs. 1,241.21 crore, while for the entire fiscal, it increased by 8.7 per cent to Rs. 4,568.84 crore. The net interest income for the fourth quarter grew by 9.3 per cent to Rs. 447.64 crore, while for the full year, it grew by 23.8 per cent to Rs. 1,746.68 crore..
Spurt in Q4 profit
The net profit for the fourth quarter zoomed by 46.9 per cent to reach Rs.171.72 crore as against Rs.116.85 crore in the last quarter of the previous fiscal.
The net profit for the 12 months ended March 2011 was higher by 26.4 per cent at Rs. 587.08 crore as compared to Rs. 464.55 crore in the previous year. The operating profit for the fourth quarter at Rs. 350.22 crore was a shade lower in the same period mainly on account of increase in costs due to wage revision and absorption of pension costs. However, the operating profit for the fiscal ended March 31, 2011 at Rs.1,427.25 crore was higher by 12.8 per cent over the previous fiscal, says a press release.