Federal Bank net at Rs 95.30cr

Federal Bank has posted a net profit of Rs 95.30 crore for the quarter ended September 2007, registering an increase of 37% from Rs 69.40 crore in the corresponding period last year.

Total income for the quarter ended September 2007 stood at Rs 675 crore, as against Rs 506.30 crore in the same period last year.

The results for the quarter ended September 2007 include the figures of the erstwhile The Ganesh Bank of Kurundwad, which was amalgamated with Federal Bank with effect from September 02, 2006.