Federal Bank operating profit up

Kochi, Jul 31: Federal Bank has achieved an increase of 34.55 per cent in its operating profit which stood at to Rs 253.52 crore for the quarter ended June 30, 2008, over the previous year. In a release here, after the board of director's meet, the bank said the net profit increased by 1.81 per cent to Rs 68.15 crore on a y-o-y basis, despite the increased provisions on investments.

The ratio of net NPA, return on assets, and capital adequacy were at 0.46, 0.84 and 20.74 per cent respectively. The Earnings Per Share and Book Value per share was at Rs 15.94 (annualised) and Rs 233.51, respectively as on June 30, 2008.

UNI