Federal Bank on October 4 released its business update for the second quarter of fiscal 2025, reporting total deposits of Rs 2.69 billion, up 1.6 billion YoY (YoY) from Rs 2.32 billion in the same period last year. % increase.
The bank’s customer deposits, excluding interbank deposits and certificates of deposit, also increased by 16% to Rs 2,530 crore compared to Rs 2,190 crore in Q2 FY24.
The bank’s CASA (current account) deposits also grew 11.5% year-on-year to Rs 80,923 crore, compared to Rs 72,589 crore a year ago, indicating increased customer engagement with low-cost deposit products.
Also Read: IDFC First Bank Q2 Update: Deposits up 32% YoY, Loans up 21%
Federal Bank’s gross advances increased by 19% to Rs 2,303 crore from Rs 1,950 crore as of Q2 FY24. This growth was driven by a balanced portfolio, with a 23% increase in the retail credit book and a 13% increase in the wholesale credit book. The personal credit to wholesale credit ratio is 57:43, indicating the bank’s focus on expanding personal lending.
On a quarterly basis, the Bank reported modest increases of 1.1% in total deposits and 4.3% in total advances, demonstrating steady growth momentum despite broader economic challenges.
