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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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