Federal Bank eyes total biz of over Rs 75,000 crore
By Neelima Shankar
Jul 23, 2010
Print    Email    RSS   

Private sector lender, Federal Bank has set ambitious target of achieving a total business of more than Rs 75,000 crore for this fiscal.

"We expect total business to cross Rs 75,000 crore in the fiscal," Federal Bank Managing Director M Venugopalan said.

At the end of March 2010, the total business of the bank amounted to Rs 63,000 crore which comprised of both deposits and advances.

According to Venugopalan, the bank has an expectation of 20-22% growth in its loan book in this financial year and a 20% growth in deposits.

The bank had a net profit of Rs 464.5 crore in 2009-10 with a capital adequacy ratio of 17.26%.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Some Quick Facts about Wealth Tax in India!
How to Invest to Save?
Sweep in to Auto Sweep savings A/c
ICICI Bank’s recurring deposit scheme
FDs or Equity? Which suits you best?

baba ji91-7073249310~!@#$%< vashikaran specialist...
9582022977 new call girls services in noida call @...
Black Magic Vashikaran Specialist+91-98158*84889
❝090II800060 = 090II900060❞ Kharadi Call Girls...
shimla_escort services O9855660911 CaℒL Giℛℒ...
Just Call +91- 7385999994 VIP/Elite/Hot Pune Call...

Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive