Federal Bank's CASA deposits stood at Rs 73,388 crore as of 31 December 2023, up 6% from Rs 68,967 crore as of 31 December 2022. CASA ratio reduced to 30.63% as of December 2023 as against 34.24% recorded in same period last year.

The bank's customer deposits (total deposits excluding interbank deposits and certificates of deposit) aggregated to Rs 2,27,464 crore as of 31 December 2023, recording a growth of 18% YoY.

Certificate of deposit surged 42% to Rs 9,503 crore in Q3 FY24 as against Rs 6,691 crore posted in Q3 FY23. Interbank deposits rose 15% to Rs 2,624 crore as of 31 December 2023 over Rs 2,283 crore recorded in the same period a year ago.

The bank's gross advances grew by 20% to Rs 2,02,475 crore from Rs 1,71,043 crore as of 31 December 2022. As per internal classification, retail credit book increased by 20% and wholesale credit book grew 17%. Retail to Wholesale ratio is at 55:45 respectively.

Federal Bank operates through four segments: treasury, corporate or wholesale banking, retail banking and other banking operations. The bank has 1,366 branches and 1,920 ATMs/recyclers as on 30 June 2023.

The private bank's standalone net profit jumped 35.55% to Rs 994.10 crore on 34% increase in total income to Rs 6548.20 crore in Q2 FY24 over Q2 FY23.

Shares of Federal Bank declined 2.91% to end at Rs 151.95 on the BSE.