Federal Bank gross advances up by 9% at Rs 1.35 lakh cr by Mar'21; deposits up 13%

Updated : April 05, 2021 04:02:55 IST

Private sector lender Federal Bank on Monday reported a 9 percent increase in its gross advances to nearly Rs 1.35 lakh crore (Rs 1,34,876 crore) by the end of March 31, 2021. The bank’s gross advances stood at Rs 1,24,153 crore by the end of March 2020.

Federal Bank said the data is provisional and is being released in accordance with SEBI norms on Listing Obligations and Disclosure Requirements Regulations and Code of Practices and Procedures for fair disclosure of unpublished price sensitive information.

The CASA (current account and savings account) deposits of the south-based lender witnessed a 26 percent growth year on year at Rs 58,381 crore as of March 31, 2021, as against Rs 46,450 crore a year ago.

Total deposits were up by 13 per cent at Rs 1,72,655 crore as against Rs 1,52,290 crore. Liquidity coverage ratio grew to 206.91 percent as against 196.65 per cent for the period under review.

While the CASA ratio moved up to 33.81 percent as of March 2021 from 30.50 percent by year-ago month. The information provided is subject to an audit by the statutory auditors of the bank, Federal Bank said.

Also Read: HDFC Bank advances up 14%, deposits rise 16% at end of March 2021

Federal Bank shares were down 3.11 percent at Rs 76.40 apiece on BSE.

Published : April 05, 2021 03:57 PM IST

Federal Bank gross advances up by 9% at Rs 1.35 lakh cr by Mar'21; deposits up 13%

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