Federal Bank net up by 3.63 pc at Rs 102.86 cr

New Delhi, May 23: Federal Bank Ltd today said it has posted 3.63 per cent increase in its net profit to Rs 102.86 crore for the quarter ended March 31, 2008 as compared to Rs 99.25 crore for the corresponding period previous year.

The total income increased 32.2 per cent to Rs 842.06 crore for the quarter ended March 31, 2008 from Rs 636.63 crore for the quarter ended March 31, 2007. The Bank's net profit surged 25.7 per cent to Rs 368.05 crore for the year ended March 31, 2008 as compared to Rs 292.73 crore in the corresponding period previous year.

The total income also zoomed 38.3 per cent to Rs 2910.43 crore for the year ended March 31, 2008 from Rs 2104.04 crore for the year ended March 31, 2007.

The Group's net profit increased 22.9 per cent to Rs 360.07 crore for the year ended March 31, 2008 as compared to Rs 292.75 crore in the corresponding period previous year.

The total income increased 38.3 per cent to Rs 2910.43 crore for the year ended March 31, 2008 from Rs 2104.04 crore for the year ended March 31, 2007.

UNI