Business & Investment

Federal Bank Total Progress Increases 6% YoY in Q3

The lender’s liquidity coverage ratio was 248.26% in the December quarter.

Federal bank deposits increased 12% year-on-year in the third quarter of the current fiscal year, but total progress reported a 6% year-on-year increase, banks said in a regulatory filing. I did.

Kerala-based lenders said at the end of the December quarter that total deposits were Rs 161,670, compared with Rs 144,592 in the year-ago quarter. Advance payments at the end of the third quarter were Rs 128,174 compared to Rs 120,861 in the third quarter of the previous fiscal year.

CASA was Rs 55,739 during the quarter, up 23% year-on-year. The CASA ratio was 34.48%.

The liquidity coverage ratio for lenders was 248.26% in the December quarter, compared to 181.30% in the year-ago quarter and 266.27% in the second quarter of the fiscal year.

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Federal Bank Total Progress Increases 6% YoY in Q3

https://www.financialexpress.com/industry/banking-finance/federal-banks-gross-advances-rise-6-yoy-in-q3/2164197/ Federal Bank Total Progress Increases 6% YoY in Q3

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