Federal Bank's CASA deposits aggregated to Rs 67,132 crore, recording a growth of 15% over Rs 58,370 crore as of 31 March 2021.
CASA ratio stood at 36.94% in Q4 FY2022 as compared to 33.81% in Q4 FY2021 and 36.68% in Q3 FY2022. The CASA ratio stood at 36.94% in FY22 from 33.81% in FY21.
The bank's retail deposits as per internal classification aggregated to Rs 1,71,569 crore, registering a growth of 10% over Rs 1,55,977 crore as of 31 March 2021. Retail deposits share improved to 94% from 90% as of 31 March 2021. Total deposits aggregated to Rs 1,81,712 crore, recording a growth of 5.3% over Rs 1,72,644 crore as of 31 March 2021.
The bank's gross advances grew by 9.5% to Rs 1,47,644 crore from Rs 1,34,877 crore as of 31 March 2021. As per internal classification, retail credit book grew by 10.4% and wholesale credit book grew by 8.3%. Retail to wholesale ratio improved to 55:45 (FY22) from 54:46 (FY21).
Customer Deposits jumped 8.9% to Rs 1,78,113 crore in Q4 FY2022 as compared to Rs 1,63,609 crore in Q4 FY2021. Certificate of Deposit slumped 59.3% to Rs 2,437 crore in Q4 FY22 as against Rs 5,985 crore in Q4 FY21. Interbank deposits tanked 61.9% to Rs 1,162 crore in Q4 March 2022 over Rs 3,050 crore in Q4 March 2021.
The private bank posted a 29.1% rise in standalone net profit to Rs 522 crore in Q3 FY22 from Rs 404 crore posted in Q3 FY21. The bank's total income stood at Rs 3,926.75 crore in Q3 FY22 as compared to Rs 3,934.90 crore in Q3 FY21.
Federal Bank operates through four segments: treasury, corporate or wholesale banking, retail banking and other banking operations. The bank has 1,274 branches and 1,882 ATMs/Recyclers as on 31st December 2021.
Shares of Federal Bank declined 2.39% to Rs 100.05 on BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app