Federal Bank reported a 12 per cent year-on-year (y-o-y) growth in gross advances at ₹1,43,633 crore as of December-end 2021 against ₹1,28,180 crore as of December-end 2020. During the third quarter of FY22, the private sector bank’s gross advances rose by ₹6,320 crore.
The bank’s total deposits were up 9 per cent y-o-y at ₹1,75,432 crore as of December-end 2021 against ₹1,61,670 crore as of December-end 2020, as per provisional business updates notified by the bank to the exchanges.
During Q3, Federal Bank’s total deposits increased by ₹3,437 crore. The incremental credit-deposit ratio was at about 184 per cent in Q3. The proportion of low-cost current account, savings account (CASA) deposits rose to 36.68 per cent of total deposits as of December-end 2021 against 34.48 per cent as of December-end 2020.