Federal Bank reports a growth of 8.2% in Total Deposits YoY

🟢 The Bank’s CASA deposits aggregated to ₹ 67,540 Crore, a growth of 14.6% over ₹ 58,959 Crore as of June 30, 2021. CASA ratio reached 36.84% (Q1 FY23) from 34.81% (Q1 FY22).

🟢 The Bank’s Retail deposits as per internal classification aggregated to ₹ 1,72,506 Crore, a growth of 9.8% over ₹ 1,57,054 Crore as of June 30, 2021. Retail deposits share improved to 94% from 93% as of June 30, 2021.Total deposits aggregated to ₹ 1,83,355 Crore, a growth of 8.2% over ₹ 1,69,393 Crore as of June 30, 2021.

🟢 The Bank’s gross advances grew by 16.3% to ₹ 1,54,405 Crore from ₹ 1,32,787 Crore as of June 30,2021. As per internal classification, Retail credit book grew by 16.7% and wholesale credit book grew by 15.8%. Retail to wholesale ratio improved to 55:45 (Q1 FY23) from 54:46 (Q1 FY22).