Federal Bank’s Customer deposits stood at Rs 1,83,106 crore (Provisional) (Q2FY23) as of September 30, 2022, a growth of 8.5% over Rs 1,68,742 crore as of September 30, 2021. Total deposits aggregated to Rs 1,89,146 crore (Provisional) as of September 30, 2022, a growth of 10.0% over Rs 1,71,995 crore as of September 30, 2021.
The Bank’s gross advances grew by 19.4% to Rs 1,63,956 crore (Provisional) from Rs 1,37,313 crore as of September 30,2021. The Bank’s CASA deposits aggregated to Rs 68,873 crore (Provisional), a growth of 10.7% over Rs 62,191 crore as of September 30, 2021.CASA ratio reached 36.41% (Q2FY23) from 36.16% (Q2FY22).
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.