Federal Bank logs 19% y-oy growth in advances at ₹1,63,956 cr

• The retail credit book grew by 18.7 % and wholesale credit book grew by 20.2 %.
• The bank's total deposits aggregated to ₹189,146 crore, a growth of 10 % since last year.
• The CASA ratio reached 36.41 % (Q2 FY23) from 36.16 % (Q2 FY2 2).

Private sector Federal Bank's gross advances stood at ₹163,956 crore as of September 2022 logging 19.4 % year-on-year (YoY) growth.

In a regulatory filing Federal Bank said that its gross advances grew by 19.4 % to ₹163,956 crore from ₹137,313 crore as of September 30,2021.

The retail credit book grew by 18.7 % and wholesale credit book grew by 20.2 %. Retail to wholesale ratio at 54:46.

The bank's total deposits aggregated to ₹189,146 crore, a growth of 10 % over ₹171,995 crore as of September 30, 2021.

The Bank's CASA (Current Account,Savings Account) deposits aggregated to ₹ 68,873 crore, a growth of 10.7 % over ₹ 62,191 crore as of September 30, 2021.

The CASA ratio reached 36.41 % (Q2 FY23) from 36.16 % (Q2 FY2 2).

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