Mumbai: On 29th April, Private sector Federal Bank reported a marginal growth in profit at Rs 280.53 crore for the fourth quarter ended March 2015.
The bank had posted net profit of Rs 277.29 crore during the same quarter of last fiscal, 2013-14.
Its total income increased to Rs 2,214.28 crore in the January-March quarter of the current fiscal, compared to Rs 2,017.12 crore a year ago.
The board of the bank proposed a dividend of 110 percent or Rs 2.20 per share on the face value of Rs 2 each for the financial year 2014-15.
For the entire fiscal ended March 31, 2015, the bank, however, reported a 20 percent rise in net profit at Rs 1,005.75 crore, compared to Rs 838.89 crore in 2013-14.
During the year, total income improved to Rs 8,297.77 crore from Rs 7,639.93 core in the previous year.
Federal Bank stock closed at Rs 130.15, down 2.24 percent on the BSE.
