Federal Bank total deposits jump 9% YoY

3 Jan 2022 , 01:42 PM

Sequentially, deposits rose 2% as of 31 December 2021 from Rs 171,995 crore as on 30 September 2021. At the end of the December 2021, the private lenders customer deposits were at Rs 170,654 crore (up 9% YoY), interbank deposits were at Rs 1,598 crore (down 44% YoY) and certificates of deposit stood at Rs 3,180 crore (up 72% YoY).

CASA rose 15% to Rs 64,343 crore as of 31 December 2021 from Rs 55,740 crore registered in 31 December 2020. CASA ratio improved to 36.68% at the end of 31 December 2021 from 36.16% posted at the end of 30 September 2021 and 34.48% recorded on 31 December 2020.

Federal Banks gross advances grew by 12% to Rs 143,633 crore as of 31 December 2021 from Rs 128,180 crore posted on 31 December 2020. The banks liquidity coverage ratio was at 153.66% as on 31 December 2021, falling from 248.86% posted on 31 December 2020.

Shares of Federal Bank were up 3.07% at Rs 85.55 on BSE.

Federal Bank operates through four segments: treasury, corporate or wholesale banking, retail banking and other banking operations.

The bank posted a 49.6% rise in standalone net profit to Rs 460.26 crore in Q2 FY22 as compared to Rs 307.62 crore reported in Q2 FY21. The private sector lenders total income fell 2.9% to Rs 3823.61 crore in Q2 FY22 over Q2 FY21.

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