Federal Bank’s gross advances stood at Rs 171043 crore (provisional) as of December 31, 2022 (Q3FY23), posting a 19.1% rise in year-on-year (YoY) terms as against Rs 143638 crore as of December 31, 2021 and on quarter-on-quarter (QoQ) basis, gross advances stood at Rs 163958 crore as of September 2022.
The bank’s total deposits grew 14.8% to Rs 201425 crore (provisional) as of December 31, 2022, as compared to Rs 175432 crore as of December 31, 2021 (on a yearly basis). On a quarterly basis, the deposits stood at Rs 189146 crore as of September 2022. CASA stood at Rs 68984 crore (Provisional) as of December 31, 2022, posting a 7.2% rise in year-on-year (YoY) terms as against Rs 64343 crore as of December 31, 2021. Its customer deposits stood at Rs 192451 crore (Provisional) as of December 31, 2022, a growth of 12.8% over Rs 170654 crore as of December 31, 2021.
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.
