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Sequentially, deposits rose 3.5% as of 31 March 2022 from Rs 175,432 crore as on 31 December 2021. At the end of the March 2022, the private lender's customer deposits were at Rs 178,113 crore (up 9% YoY), interbank deposits were at Rs 1,162 crore (down 62% YoY) and certificates of deposit stood at Rs 2,437 crore (down 59% YoY).
CASA rose 15% to Rs 67,132 crore as of 31 March 2022 from Rs 58,370 crore registered in 31 March 2021. CASA ratio improved to 36.94% at the end of 31 March 2022 from 36.68% posted at the end of 31 December 2021 and 33.81% recorded on 31 March 2021.
Federal Bank's gross advances grew by 9.5% to Rs 147,644 crore as of 31 March 2022 from Rs 134,877 crore posted on 31 March 2021. The Bank's Retail deposits as per internal classification aggregated to ₹ 1,71,569 Crore, a growth of 10.0% over ₹ 1,55,977 Crore as of 31 March 2021. Retail deposits share improved to 94% from 90% as of March 31, 2021.
Federal Bank operates through four segments: treasury, corporate or wholesale banking, retail banking and other banking operations.
Shares of Federal Bank closed on 1.03% high at Rs 102.50 on BSE.
The bank posted a 28.7% rise in standalone net profit to Rs 540.09 crore in Q3 FY22 as compared to Rs 419.67 crore reported in Q3 FY21. The private sector lender's total income increased 1.1% to Rs 4125.30 crore in Q3 FY22 over Q3 FY21.
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