MoneyWorks4Me

The Federal Bank informs about business updates

03 Jul 2024 Evaluate

In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, The Federal Bank has informed the following: 1) Total deposits reached ? 2,66,082 Crore, with a growth of 20% over ? 2,22,496 Crore as of June 30, 2023. 2) The Bank’s Customer deposits (Total deposits excl Interbank deposits and certificates of deposit) aggregated to ? 2,51,991 Crore, a growth of 20% over ? 2,10,422 Crore as of June 30, 2023. 3) The Bank’s gross advances grew by 20% to ? 2,24,139 Crore from ? 1,86,593 Crore as of June 30, 2023. As per internal classification, Retail credit book grew by 25% and wholesale credit book grew by 14%. Retail to Wholesale ratio is at 56:44 respectively. 

The above information is a part of company’s filings submitted to BSE.
Peers
Company Name CMP
HDFC Bank 713.00
ICICI Bank 1345.00
Axis Bank 1238.05
Kotak Mahindra Bank 417.00
Indusind Bank 960.00
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