Federal Bank has posted a 10 per cent growth in advances at Rs 1,37,309 crore for the second quarter (Q2) ended September 30. Total advances stood at Rs 1,25,209 crore at the end of the second quarter of the last financial year.
The bank's deposits also rose by 10 per cent (Y-o-Y) to Rs 1,71,995 crore in the quarter from Rs 1,56,747 crore in the same period a year ago.
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.