Federal Bank Q2 deposits, advances grow 10%

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The Kerala-based lender said that astatine the extremity of the September 2021 quarter, full deposits stood astatine Rs 1,71,995 crore, arsenic against Rs 1,56,747 crore successful the year-ago period.

federal bankCASA is seen astatine Rs 62,191 crore during the 2nd quarter, a y-o-y summation of 18%.

Federal Bank’s deposits and advances grew by 10 % year-on-year (y-o-y) during the 2nd 4th of the existent fiscal, the slope said successful a regulatory filing.

The Kerala-based lender said that astatine the extremity of the September 2021 quarter, full deposits stood astatine Rs 1,71,995 crore, arsenic against Rs 1,56,747 crore successful the year-ago period. Meanwhile, advances astatine the extremity of the 2nd 4th stands astatine Rs 1,37,309 crore, compared to Rs 1,25,209 crore successful the 2nd 4th of the past fiscal.

CASA is seen astatine Rs 62,191 crore during the 2nd quarter, a y-o-y summation of 18%. CASA ratio is reported astatine 36.16 %. Liquidity sum ratio is reported astatine 225.94 % for the September quarter, compared to 266.27 % for the year-ago play and 215.96% for Q1 of the fiscal.

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