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This would take its total branch network to 938 branches, C P Mohandas, General Manager, Federal Bank, told reporters here today. In Kerala, the bank will open 26 new branches to take the total branch network of 518, he said.
Federal bank currently has a strong network of 838 branches and a business size of almost Rs 80,000 crore, he said, adding, the bank has registered quarterly profit of Rs 202 crore as one December 31, 2011.