Federal Bank denies merger talks; stock up 8%

The stock market is booming in India

 with shares of Federal Bank climbing nearly 50% 

over the past year and 42 percent so far this fiscal

The bank did not disclose any plans to merge its operations

with another private lender—the news was simply reported as speculation!

Federal Bank's interest earned rose 8.14% year-on to Rs 3628.86 crore in the June 

quarter of this year, as compared with 3571 last corresponding period

which was higher by 2%

The company reported a net profit 600Crore for latest reporting date

and also had an increase over previoushighest result since 2013 heights reached at 1:36 am