Federal Bank records 19% growth in advances at ₹1.63.956 cr

• The retail loan portfolio grew by 18.7% and the wholesale loan portfolio grew by 20.2%.
• The bank’s total deposits amounted to ₹189,146 crore, up 10% from last year.
• The CASA ratio reached 36.41% (Q2 FY23) from 36.16% (Q2 FY2 2).

Private sector Federal Bankgross advances amounted to ₹163,956 crore as of September 2022, with a year-over-year growth rate of 19.4%.

In a regulatory filing, the Federal Bank said its gross advances increased by 19.4% to 163,956 crore from ₹137,313 crore as of September 30, 2021.

The retail loan portfolio grew by 18.7% and the wholesale loan portfolio grew by 20.2%. Retail-to-wholesale ratio at 54:46.

The bank’s total deposits amounted to ₹189,146 crore, up 10% from ₹171,995 crore on September 30, 2021.

The bank’s CASA deposits (current account, savings account) totaled ₹68,873 crore, up 10.7% from ₹62,191 crore as of September 30, 2021.

The CASA ratio reached 36.41% (Q2 FY23) from 36.16% (Q2 FY2 2).

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