Federal Bank has recorded a growth of 20 per cent on-year in total deposits in the first quarter of FY25 to Rs 2,66,082 crore as against Rs 2,22,496 crore reported as of June 30, 2023. Federal Bank released its Q1FY25 update on Wednesday. Customer deposits, excluding interbank deposits and certificates of deposits, came in at Rs 2,51,991 crore, posting a growth of 20 per cent in comparison to Rs 2,10,422 crore during the same period last year, it said in an exchange filing.
Meanwhile, the lender’s gross advances grew by 20 per cent on-year during the first quarter of FY25 at Rs 2,24,139 crore as against Rs 1,86,593 crore as of June 30, 2023. As per internal classification, retail credit book grew by 25 per cent and wholesale credit book grew by 14 per cent, it said. Retail to Wholesale ratio is at 56:44 respectively.
The CASA (Current Account Savings Account), Federal Bank said, amounted to Rs 77,901 crore, which was 9.9 per cent on-year increase from Rs 70,854 crore in the previous year. It increased by 5 per cent from Rs 74,200 crore in the previous quarter. CASA ratio came in at 29.28 per cent Vs 31.85 per cent YoY.
Certificates of deposit was at Rs 10,702 crore, up 16.6 per cent from Rs 9,179 crore the previous year, Federal Bank said.