MoneyWorks4Me

Federal Bank posts 9% growth in gross advances in Q4FY22

05 Apr 2022 Evaluate

Federal Bank has posted 9.5% growth in gross advances at Rs 147644 crore for the fourth quarter (Q4) ended March 31,2022 as compared to Rs 134877 crore on a yearly basis. The bank's deposits also rose by 5.3% YoY to Rs 181712 crore in the quarter from Rs 172644 crore in the same period a year ago. The CASA was up 15% to Rs 67132 crore as of March 31, 2022 against Rs 58370 crore YoY. CASA ratio reached 36.94% (Q4FY22) from 33.81% (Q4FY21).

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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