Federal Bank posts 8.2% growth in total deposits in Q1FY23
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Federal Bank’s total deposits grew 8.2% to Rs 183355 crore (Provisional) as of June 30, 2022 (Q1FY23), as compared to Rs 169393 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 181701 crore as of March 2022. Gross Advance stood at Rs 154405 crore as of June 30, 2022, posting a 16.3% rise in year-on-year (YoY) terms against Rs 132787 crore as of June 30, 2021 and in quarter-on-quarter (QoQ) basis stood at Rs 147639 crore in March 2022.
The CASA was up 14.6% to Rs 67540 crore as of June 30, 2022 against Rs 58959 crore YoY. CASA ratio reached 36.84% (Q1FY23) from 34.81% (Q4FY22).
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.
