Federal Bank's Q3 net soars six-fold

Federal Bank has reported a six-fold jump in its Q3 bottom line. According to a release issued by the bank to the BSE, the net profit for the quarter ended December 2005, zoomed 497% to Rs 71.64 crore compared to Rs 12.01 crore in the corresponding quarter a year ago.

The total income increased by 23.5% to Rs 410.87 crore from Rs 332.82 crore in the above mentioned period.