Federal Bank's total business reaches at Rs 369581.25 crore in Q3FY23

17 Jan 2023 , 12:08 PM

Federal Bank has informed to the stock exchanges in a regulatory filing that its total business has reached Rs369581.25 crore registering a growth of 16.89% as on December 31, 2022.

Total Deposits climbed from Rs175431.70 crore as on December 31, 2021 to Rs201408.12 crore as on December 31, 2022. CASA Deposits grew by 7.19% to reach Rs68967.14 crore.

Further, on the asset side, Total Advances increased from Rs43638.49 crore as on December 31, 2021 to Rs171043.02 crore as on December 31, 2022.

Retail Advances grew by 18.13% to reach Rs53936.45 crore and Agri advances reached Rs22050 crore registering a growth of 19.70%. Business Banking advances grew by 18.03% to reach Rs 14238.36 crore and Commercial Banking grew by 18.40% to Rs16794.70 crore. Corporate Advances registered a growth of 19.13% to reach Rs62182.66 crore from Rs52197.97 crore.

At around 12:26 PM, Federal Bank was trading at Rs138.75 per share lower by 1.07% on the BSE. 

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