Federal Bank's total deposit rises 15% yoy during Q3FY23

4 Jan 2023 , 10:03 AM

Federal Bank has informed to the exchanges that the total deposits of the Bank has crossed Rs2,00,000 crore milestone, reaching Rs2,01,425 crore, with a growth of 14.8% over Rs1,75,432 crore as of December 31, 2021.

The Bank’s Customer deposits (Total deposits excl Interbank deposits and certificates of deposit) aggregated to Rs1,92,451 crore, a growth of 12.8% over Rs1,70,654 crore as of December 31, 2021.

Further, the Bank’s gross advances grew by 19.1% to Rs1,71,043 crore from Rs1,43,638 crore as of December 31,2021.

As per internal classification, Retail credit book grew by 19.1% and wholesale credit book grew by 19.0%. Retail to wholesale ratio at 54:46, the Bank said in a filing on Tuesday.

On Wednesday, at around 10:07 AM, Federal Bank was trading at Rs135.05 per share lower by 1.92% on the BSE.

For feedback and suggestions, write to us at [e-mail]