Federal Bank Ltd - Key Business Updates for Q2 FY2023-24

Federal Bank Ltd has announced the provisional figures of key business parameters for the quarter ended September 30, 2023.

- Total deposits reached ₹ 2,32,871 Crore, with a growth of 23% over ₹ 1,89,146 Crore as of September 30, 2022.

- The Bank's Customer deposits (Total deposits excl. Interbank deposits and certificates of deposit) aggregated to ₹ 2,18,938 Crore, a growth of 20% over ₹ 1,83,106 Crore as of September 30, 2022.

- The Bank's gross advances grew by 20% to ₹ 1,95,973 Crore from ₹ 1,63,958 Crore as of September 30,2022. As per internal classification, Retail credit book grew by 22% and wholesale credit book grew by 17%. Retail to Wholesale ratio is at 55:45 respectively.


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

Shares of The Federal Bank Limited was last trading in BSE at Rs. 147.15 as compared to the previous close of Rs. 146.10. The total number of shares traded during the day was 492478 in over 6064 trades.

The stock hit an intraday high of Rs. 148.95 and intraday low of 146.30. The net turnover during the day was Rs. 72505859.00.

Source : Equity Bulls

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TheFederalBank INE171A01029 KeyBusinessUpdated Q2 FY2024