Federal Bank Total Deposits Up 17%, Gross Advances Rise 8% In Q1 FY 21
Money & Banking
Private sector lender Federal Bank reported a 17 per cent increase in its total deposits in the first quarter of 2020-21 and just an eight per cent increase in gross advances.
In the quarter ended June 30, 2020, the bank’s total deposits rose to ₹1,54,938 crore as against ₹1,32,537 crore a year ago.
Its gross advances rose to ₹1,23,085 crore in the first quarter of the fiscal compared with ₹1,13,717 crore a year ago.
In a regulatory filing on Sunday, the lender also said its customer deposits grew by 16 per cent year on year to ₹1,49,418 crore as on June 30, 2020.
The bank reported a CASA growth of 19 per cent to ₹49,616 crore in the quarter under review.
Its CASA ratio stood at 32.02 per cent and its liquidity coverage ratio was 227.79 per cent as on June 30, 2020.
Published on
July 05, 2020
Private sector lender Federal Bank reported a 17 per cent increase in its total deposits in the first quarter of 2020-21 and just an eight per cent increase in gross advances.
In the quarter ended June 30, 2020, the bank’s total deposits rose to ₹1,54,938 crore as against ₹1,32,537 crore a year ago.
Its gross advances rose to ₹1,23,085 crore in the first quarter of the fiscal compared with ₹1,13,717 crore a year ago.
In a regulatory filing on Sunday, the lender also said its customer deposits grew by 16 per cent year on year to ₹1,49,418 crore as on June 30, 2020.
The bank reported a CASA growth of 19 per cent to ₹49,616 crore in the quarter under review.
Its CASA ratio stood at 32.02 per cent and its liquidity coverage ratio was 227.79 per cent as on June 30, 2020.
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