Federal Bank has reported strong growth across key financial metrics in its provisional figures for the second quarter of the financial year 2024-25. The bank’s total deposits have surged by 16% to reach ₹2,69,105 crore as of September 30, 2024, compared to ₹2,32,868 crore a year ago. This growth is largely driven by an increase in customer deposits, which stood at ₹2,53,973 crore, marking a 16% rise over the previous year.
The bank’s gross advances saw an impressive growth of 19%, amounting to ₹2,33,825 crore. Within this segment, the retail credit book expanded by 23%, while the wholesale credit book grew by 13%, reflecting a retail-to-wholesale ratio of 57:43.
Federal Bank’s CASA (Current Account and Savings Account) reached ₹80,923 crore, reflecting an 11.5% increase year-on-year and a 3.9% increase quarter-on-quarter. The CASA ratio stood at 30.07% for the quarter. Certificates of Deposit also witnessed a significant increase, rising 19.9% year-on-year to ₹11,917 crore.
The growth in deposits and advances demonstrates the bank’s continued upward trajectory, highlighting both its strong retail and wholesale lending performance. These figures are provisional and subject to a limited review by the bank’s statutory auditors.