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Federal Bank announces provisional financial information for quarter ended Sep 30, 2020



Posted On : 2020-10-04 11:05:39( TIMEZONE : IST )

Federal Bank announces provisional financial information for quarter ended Sep 30, 2020

Federal Bank Ltd has announced the financial information (provisional) for the period ended September 30, 2020.

- Total Deposits was at Rs. 156747 crore (provisional) as of September 30, 2020, up 12% YoY as against Rs. 139547 crore as of September 30, 2019, Rs. 154938 crore as of June 30, 2020 and Rs. 152290 crore as of March 31, 2020.

- Customer Deposits stood at Rs. 152025 crore (provisional) as of September 30, 2020, up 13% YoY as against Rs. 134746 crore as of September 30, 2019, Rs. 149417 crore as of June 30, 2020 and Rs. 145651 crore as of March 31, 2020.

- CASA stood at Rs. 52786 crore (provisional) as of September 30, 2020, up 20% YoY as against Rs. 44023 crore as of September 30, 2019, Rs. 49616 crore as of June 30, 2020 and Rs. 46450 crore as of March 31, 2020.

- Certificates of Deposit was at Rs. 1840 crore (provisional) as of September 30, 2020, down 36% YoY as against Rs. 2863 crore as of September 30, 2019, Rs. 2668 crore as of June 30, 2020 and Rs. 4449 crore as of March 31, 2020.

- Interbank deposits stood at Rs. 2882 crore (provisional) as of September 30, 2020, up 49% YoY as against Rs. 1938 crore as of September 30, 2019, Rs. 2853 crore as of June 30, 2020 and Rs. 2190 crore as of March 31, 2020.

- Gross Advances was at Rs. 125202 crore (provisional) as of September 30, 2020, up 6% YoY as compared to Rs. 117622 crore as of September 30, 2019, Rs. 123437 crore as of June 30, 2020 and Rs. 124153 crore as of March 31, 2020.

- CASA Ratio stood at 33.68% (provisional) as of September 30, 2020, as compared to 31.55% as of September 30, 2019, 32.02% crore as of June 30, 2020 and 30.50% as of March 31, 2020.

- Liquidity Coverage Ratio was at 257.44% (provisional) as of September 30, 2020, as against to 159.69% as of September 30, 2019, 233.14% crore as of June 30, 2020 and 196.65% as of March 31, 2020.

The above information is subject to limited review by the statutory auditors of the Bank.

Shares of FEDERAL BANK LTD. was last trading in BSE at Rs.50.55 as compared to the previous close of Rs. 48.55. The total number of shares traded during the day was 1122018 in over 1990 trades.

The stock hit an intraday high of Rs. 50.65 and intraday low of 49.1. The net turnover during the day was Rs. 56189427.

Source : Equity Bulls

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