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Federal Bank’s deposits up 12% in December 2020

04 Jan 2021 Evaluate

Federal Bank has reported 12% rise in total deposits to Rs 161670 crore (provisional) in Q3 December 2020 over Q3 December 2019. Out of the total deposits, CASA deposits grew 23% to Rs 55739 crore and Customer deposits rose 13% to Rs 156973 crore year-on-year (YoY) during the quarter.

The bank’s gross advances stood at Rs 128174 crore (provisional) as of December 30, 2020, up 6% YoY as compared to Rs 120861 crore as of December 30, 2019 and Rs 124153 crore as of March 31, 2020.

Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. It offers personal, corporate, NRI, SME banking, online banking services to its customers.

Peers
Company Name CMP
HDFC Bank 692.60
ICICI Bank 1354.00
Axis Bank 1247.00
Kotak Mahindra Bank 438.70
Indusind Bank 865.40
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