Federal Bank’s gross advances stood at Rs 2,24,139 crore (provisional) as of June 30, 2024 (Q1FY25), posting a 20.1% rise in year-on-year (YoY) terms against Rs 1,86,593 crore as of June 30, 2023. Total deposits grew 19.6% to Rs 2,66,082 crore (provisional) as of June 30, 2024, as compared to Rs 2,22,496 crore as of June 30, 2023.
CASA stood at Rs 77,901 crore (provisional) as of June 30, 2024, posting a 9.9% rise in year-on-year terms against Rs 70,854 crore as of June 30, 2023. Customer deposits stood at Rs 2,51,991 crore (provisional) as of June 30, 2024, posting a 19.8% rise in year-on-year terms against Rs 2,10,422 crore as of June 30, 2023. CASA Ratio stood at 29.28% as of June 30, 2024 versus 31.85% as of June 30, 2023.
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.
