Federal Bank results:
Federal Bank reported a 20% increase in advances, reaching Rs 2.66 trillion in the first quarter of FY25 (Q1 FY25), up from Rs 1.86 trillion in the same period last year. Sequentially, advances grew by 5.4%.
The retail credit book expanded by 25%, while the wholesale credit book grew by 14%, as per the private sector lender’s internal classification. The retail to wholesale ratio stands at 56:44, the bank stated in an exchange filing.
Deposits saw a year-on-year (Y-o-Y) growth of 19.6% to Rs 2.66 trillion in Q1 FY25, and sequentially, they increased by 5.4%.
Customer deposits (total deposits excluding interbank deposits and certificates of deposit) aggregated to Rs 2.51 trillion, reflecting a nearly 20% rise from Rs 2.10 trillion the previous year and a 5% increase from Rs 2.40 trillion in the previous quarter.
Current account and savings account (CASA) deposits grew by 9.9% Y-o-Y to Rs 77,901 crore, and sequentially, CASA deposits rose by 5%. The CASA ratio stood at 30.7% in Q1 FY25, compared to 29.4% in Q1 FY24 and 30.9% in Q4 FY24. The CASA ratio in Q1 FY25 dropped to 29.28% from 31.85% a year ago and stood at 29.38% in Q4 FY24.
Federal Bank shares were among the top gainers on the Bank Nifty index on Wednesday, along with HDFC Bank shares. All Bank Nifty constituents were trading in the green, pushing the banking index to record high levels above 53,250.
Federal Bank’s share price has experienced a significant rally, increasing by over 10% in the past month and 16% year-to-date.
