Federal Bank Ltd on Sunday released the financial indicators for the Q2 FY2021 period ended September 30, 2020. Total deposits were up by 12% Y-o-Y, whereas CASA was up by 20% Y-o-Y to Rs 52,786 crore.
The private sector bank informed the stakeholders through its BSE regulatory filing. Some of the key indicators were:
- Total Deposits was at Rs. 1,56,747 crore (provisional) as of September 30, 2020, up 12% YoY as against Rs. 1,39,547 crore as of September 30, 2019. In the previous quarter, Q1 FY21, the deposits were pegged at Rs. 1,54,938 crore.
- Certificates of Deposit was at Rs. 1,840 crore as of September 30, 2020, down 36% YoY as against Rs. 2,863 crore in the same period last year. It was Rs. 2,668 crore as of June 30, 2020.
- Gross Advances was at Rs. 1,25,202 crore as of September 30, 2020, up by 6% YoY in comparison to Rs. 1,17,622 crore as of September 30, 2019. It was Rs. 1,23,437 crore in Q1 FY21.
- CASA was at Rs. 52,786 crore (provisional) as of September 30, 2020, up by 20% YoY as against Rs. 44,023 crore in Q2 FY2020. CASA was at Rs. 49,616 crore as of June 30, 2020.
- CASA Ratio was calculated at 33.68% as of September 30, 2020, as compared to 31.55% in September 30, 2019.
- The Liquidity Coverage Ratio was 257.44% (provisional) in the current period, Q2 FY2021, against 159.69% as of September 30, 2019. It was 233.14% in the previous quarter.
What a knock. A fabulous innings that quite literally lifted the team with a fifth-wicket partnership that helped build a respectable and ultimately defendable total. We couldn't help heart this one. Can you? #IndiaKiShaan #ShandaarShot #IPL2020 pic.twitter.com/5WsamFggIu
— Federal Bank Ltd (@FederalBankLtd) October 3, 2020
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Federal Bank