Federal Bank Total Deposits Up 17%, Gross Advances Rise 8% In Q1 FY 21
Money & Banking
Private sector lender Federal Bank reported a 17 per cent increase in its total deposits in the first quarter of 2020-21 and just an eight per cent increase in gross advances.
In the quarter ended June 30, 2020, the bank’s total deposits rose to ₹1,54,938 crore as against ₹1,32,537 crore a year ago.
Its gross advances rose to ₹1,23,085 crore in the first quarter of the fiscal compared with ₹1,13,717 crore a year ago.
In a regulatory filing on Sunday, the lender also said its customer deposits grew by 16 per cent year on year to ₹1,49,418 crore as on June 30, 2020.
The bank reported a CASA growth of 19 per cent to ₹49,616 crore in the quarter under review.
Its CASA ratio stood at 32.02 per cent and its liquidity coverage ratio was 227.79 per cent as on June 30, 2020.
Published on
July 05, 2020
Private sector lender Federal Bank reported a 17 per cent increase in its total deposits in the first quarter of 2020-21 and just an eight per cent increase in gross advances.
In the quarter ended June 30, 2020, the bank’s total deposits rose to ₹1,54,938 crore as against ₹1,32,537 crore a year ago.
Its gross advances rose to ₹1,23,085 crore in the first quarter of the fiscal compared with ₹1,13,717 crore a year ago.
In a regulatory filing on Sunday, the lender also said its customer deposits grew by 16 per cent year on year to ₹1,49,418 crore as on June 30, 2020.
The bank reported a CASA growth of 19 per cent to ₹49,616 crore in the quarter under review.
Its CASA ratio stood at 32.02 per cent and its liquidity coverage ratio was 227.79 per cent as on June 30, 2020.
Published on
USAA Announces Scholarship For Military Spouses With Valero Alamo Bowl
San Antonio-area military spouses qualify to apply for a $7,500 scholarship. Read more
USAA Ranked #1 In Customer Satisfaction And Most Trusted On 2024 J.D. Power Individual Annuity Study
Nov 01 2024 SAN ANTONIO – USAA, a leading provider of insurance, banking, and retirement... Read more
USAA Calls For National Moment Of Veteran Connection On Veterans Day
On Nov. 11, “Connect with a Veteran” calls for all Americans to “Go Beyond Thanks” to show appreciation for thei... Read more
Two Way Street: New Survey From USAA Shows Driving Apps Help Connect Parents And Young Drivers On Importance Of Safe Driving, Leading To Safer Roads
Data Reveals 87% of App-Using Parents Feel Their Child’s Driving Improved, Citing Increased Awareness and Feedback Read more
USAA Named UTSA Athletics Official Military Appreciation Partner
Exciting new initiatives planned as part of partnership Read more
USAA And Its Members Donate Nearly $3 Million To Aid In Recovery From Hurricanes Helene And Milton
USAA members have donated nearly $1.4 million; USAA adds $500,000 to initial $1 million and offers guidance on assisting... Read more