Federal Bank Q3 advances up 12% YoY, top those of most other lenders

Its pace of loan book expansion was higher than the 7.3 per cent YoY growth shown by commercial banks in India as a group till middle of December 2021

Private lender Federal Bank’s loan book grew by 12 per cent on a year-on-year (YoY ) basis to Rs 143,633 crore at end of December 2021 from Rs 1,28,180 crore a year ago. Its pace of loan book expansion was higher than the 7.3 per cent YoY growth shown by commercial banks in India as a group till mid December 2021.

Kochi-based bank’s advances were up by 4.6 sequentially from Rs 1,37,313 crore at end of September 2021 (Q2Fy22).

Its share was trading 4.82 per cent higher at Rs 87 per share on BSE.

Federal bank’s deposits grew by nine per cent YoY