The private lender on Monday announced that its total deposits increased by 13% to Rs 172,655 crore as of 31 March 2021 compared to Rs 152,290 crore reported on 31 March 2020.
At the end of the March 2021, the private lender's customer deposits were at Rs 163,620 crore (up 12% YoY), interbank deposits were at Rs 3,050 crore (up 39% YoY) and certificates of deposit stood at Rs 5,985 crore (up 35% YoY).CASA rose 26% to Rs 58381 crore as of 31 March 2021 from Rs 46450 crore registered in 31 March 2020. CASA ratio improved to 33.81% at the end of 31 March 2021 from 30.5% recorded on 31 March 2020.
Federal Bank's gross advanced grew by 9% to Rs 134,876 crore as of 31 March 2021 from Rs 124,153 crore posted on 31 March 2020. The bank's liquidity coverage ratio was at 206.91% as on 31 March 2021, improving from 196.65% posted on 31 March 2020.
Shares of Federal Bank were down 2.73% at Rs 76.70 on BSE.
Federal Bank operates through four segments: treasury, corporate or wholesale banking, retail banking and other banking operations. The private lender reported 8.29% decline in net profit to Rs 404.10 crore on 5.43% rise in total income to Rs 3,941.36 crore in Q3 FY21 over Q3 FY20.
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