Moneycontrol PRO

business

Credit growth expected to grow 20-22% in FY12: Federal Bank

Federal Bank has announced its FY11 results. Shyam Shrinivasan, the MD and CEO says he expects NIMs to come down further to some extent. On the banks advances, he expects it to grow 20-22% in current fiscal 2012.

first published: May 9, 2011 11:31 am

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347