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Federal bank net profit rises 12.5%

The bank's net profit during the corresponding period year earlier was at Rs 191.16 crore.

Written by Agencies | Mumbai | Published: October 20, 2012 7:20 pm

Federal Bank today said its net profit in the second quarter ended September,30 grew by 12.5 per cent to Rs 215.10 crore from the year-ago period.

The bank’s net profit during the corresponding period (July-September) a year earlier was at Rs 191.16 crore,it said in a BSE filing.

The total income of the bank increased to Rs 1,665.04 crore in the September quarter from Rs 1,487.70 crore in the same period in 2011-12 fiscal,it said.

Shares of the bank had ended at Rs 482.20 apiece on BSE on Friday,down 0.07 per cent from previous close.

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