The bank's net profit in the last financial year was Rs 500.49 crore and net worth of the bank was over Rs 4,325 crore as on March 31, 2009, C Thomas Joseph, General Manager, Federal Bank, said.

The net Non Performing Assets and Return on Average Assets were at 0.54 per cent and 1.24 per cent respectively as on September 30, 2009.

As of now, the bank's gross business was close to Rs

60,000 crore, he said, adding the bank was targeting a total business of Rs one trillion by 2011.

The bank has opened its first overseas representative office in Abu Dhabi.

Joseph said the bank has also ventured into Life Insurance Business in association with Fortis Insurance International and IDBI in 2008. It is also into bullion sales, offering 99.99 per cent pure imported Suisse Gold coins, in various denominations, under the brand name 'Federal Bank Pure Gold'.