Staff Reporter

KOCHI: The operating profit of Federal Bank for the quarter ended June 30, 2007, has gone up by 65.68 per cent to Rs.188.43 crore in comparison to the corresponding period last year. The net profit increased by 66.60per cent to Rs.66.94 crore, according to the provisional financial results of the bank which were approved by the Board of Directors of the bank.

The total income went up by 42.63per cent to Rs.659.70 crore and the total interest income increased by 36.97per cent to Rs.559.22 crore. Net NPA is at an all time low of 0.37 per cent and the capital adequacy ratio stands at 13.32per cent.

The total business of the bank reached Rs.35561.20 crore, with an increase of Rs.5172.18 crore over the corresponding quarter of the previous fiscal.

The deposits increased by Rs.2437.98 crore to Rs.20893.43 crore.