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Federal Bank shares Q4 business update, total deposits cross Rs 2.13 lakh crore

Federal Bank, withinside the quarterly enterprise replace shared on April 3, stated its general deposits crossed the Rs 2.thirteen lakh crore-mark via way of means of the cease of the fourth region of financial 12 months 2022-23.

"Total deposits reached Rs 2,thirteen,384 crore, with a increase of 17.four percentage over Rs 1,81,701 crore as of March 31, 2022," the personal lender stated in a regulatory submitting.

The general deposit on the cease of the 0.33 region had stood at Rs 2,01,408 crore.

The CASA or modern account and financial savings account deposit grew via way of means of 3.nine percentage withinside the March region to Rs 69,739 crore, from 67,121 crore withinside the 12 months-in the past period.

The CASA ratio in Q4 stood at 32.sixty eight percentage, as in opposition to 36.ninety four percentage withinside the corresponding region of the preceding financial.

"The financial institution`s gross advances grew via way of means of 20.2 percentage to Rs 1,77,480 crore from Rs 1,47,639 crore as of March 31, 2022," the change submitting added.

The retail credit score ee-e book grew via way of means of 18.6 percentage and wholesale credit score ee-e book grew via way of means of 22.2 percentage, the financial institution stated, in addition noting that the "retail to wholesale ratio is at fifty four:46".

In Q3, Federal Bank had suggested a fifty four percentage on-12 months surge in internet income at Rs 521.seventy three crore. The internet hobby earnings of the Kochi-established lender had elevated via way of means of 27.1 percentage on-12 months to Rs 1956.fifty three crore.

The stocks of Federal Bank, withinside the first buying and selling consultation of FY24, settled at Rs 133.25 apiece, which changed into 0.seventy six percentage better as in opposition to the preceding day`s close.

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