Private sector lender, Federal Bank has indicated that it aims at attaining a total business of Rs 75000 crore this fiscal relying on the healthy deposit and credit growth.

"Our total business currently in the region is of Rs 61,000 crore and we expect to touch Rs 75,000 crore by end of March 2011 and Rs 1,00,000 crore by March 2012," the Bank's Executive Director P R Kalyanaraman said.

The bank expects its loan book to rise by 18-20% this fiscal and deposits to see a 20% growth, he said.

The bank would also be widening its branch network by opening over 70 branches this fiscal. An application has already been made to the RBI for the same, said he.

Also, it hopes that its net interest margins rise by 3.5-4% in this financial year.