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Federal Bank Q2 deposits, advances grow 10%

Written by Abhinav Garg

federal bankCASA is seen at Rs 62,191 crore in the second quarter, an increase of 18% year-over-year.

Federal Bank deposits and advances grew 10% year-over-year (year-over-year) in the second quarter of the current fiscal year, the bank said in a regulatory filing.

The Kerala-based lender said that at the end of the September 2021 quarter, total deposits stood at Rs 1,7995 crore, up from Rs 1,567,447 a year ago. Meanwhile, advances at the end of the second quarter stand at Rs 1,37,309 crore, compared to Rs 1,25,209 crore in the second quarter of last fiscal year.

CASA is seen at Rs 62,191 crore in the second quarter, an increase of 18% year-over-year. The CASA ratio is 36.16%. The liquidity coverage ratio is 225.94% for the September quarter, compared to 266.27% for the period of the previous year and 215.96% for the first quarter of the fiscal year.

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Abhinav Garg

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