Federal Bank on October 4 reported a 16 percent on-year rise in its total deposit to Rs 2.70 lakh crore in the second quarter of the current financial year, as per an exchange filing.
The Bank’s Customer deposits (total deposits excluding Interbank deposits and certificates of deposit) aggregated to Rs 2.54 lakh crore in July-September, a growth of 16 percent over Rs 2.19 lakh crore as of September 30, 2023.
Current and savings account (CASA) of the bank increased 11.5 percent on-year to Rs 80,923 crore in Q2FY25, as compared to Rs 77,883 crore in a quarter ago period, and Rs 72,589 crore in a year ago period.
In July-September, CASA ratio of Federal Bank stood at 30.07 percent, as against 29.27 percent in a quarter ago period and 31.17 percent in a year ago period.
The Bank’s gross advances grew by 19 percent to Rs 2.34 lakh crore from Rs 1.96 lakh crore as of September 30, 2023. As per an internal classification, Retail credit book grew by 23 percent and wholesale credit book grew by 13 percent. Retail to Wholesale ratio is at 57:43, respectively.
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