Federal Bank’s gross advances stood at Rs 2,33,825 crore (provisional) as of September 30, 2024 (Q2FY25), posting a 19.3% rise in year-on-year (YoY) terms against Rs 1,95,968 crore as of September 30, 2023. Total deposits grew 15.6% to Rs 2,69,105 crore (provisional) as of September 30, 2024, as compared to Rs 2,32,868 crore as of September 30, 2023.
CASA stood at Rs 80,923 crore (provisional) as of September 30, 2024, posting a 11.5% rise in year-on-year terms against Rs 72,589 crore as of September 30, 2023. Customer deposits stood at Rs 2,53,973 crore (provisional) as of September 30, 2024, posting a 16.0% rise in year-on-year terms against Rs 2,18,935 crore as of September 30, 2023. CASA Ratio stood at 30.07% as of September 30, 2024 versus 31.17% as of September 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.
