India's Federal Bank reports profit increase

Federal Bank has reported a net profit of Rs.190.35 crore for the first quarter ended June 30, 2012, against Rs.146.16 crore in the year-ago period, an increase of 30 per cent.

Total income rose to Rs.1,661.04 crore from Rs.1,361.61 crore.

Income from corporate banking increased to Rs.634.99 crore from Rs.481.54 crore while that from retail banking grew marginally to Rs.593.48 crore from Rs.589.54 crore.

For more.