Federal Bank Ltd's deposits up 17% YoY and advances up 8% higher YoY

Federal Bank Ltd has announced the financial information (provisional) for the period ended June 30, 2020.

- Total Deposits stood at Rs. 154938 crore (provisional) as of June 30, 2020, up 17% YoY as against Rs. 132537 crore as of June 30, 2019 and Rs. 152290 crore as of March 31, 2020.

- Customer Deposits was at Rs. 149418 crore (provisional) as of June 30, 2020, up 16% YoY as against Rs. 128318 crore as of June 30, 2019 and Rs. 145651 crore as of March 31, 2020.

- CASA stood at Rs. 49616 crore (provisional) as of June 30, 2020, up 19% YoY as against Rs. 41676 crore as of June 30, 2019 and Rs. 46450 crore as of March 31, 2020.

- Certificates of Deposit was at Rs. 2668 crore (provisional) as of June 30, 2020, up 10% YoY as against Rs. 2418 crore as of June 30, 2019 and Rs. 4449 crore as of March 31, 2020.

- Interbank deposits stood at Rs. 2852 crore (provisional) as of June 30, 2020, up 58% YoY as against Rs. 1801 crore as of June 30, 2019 and Rs. 2190 crore as of March 31, 2020.

- Gross Advances was at Rs. 123085 crore (provisional) as of June 30, 2020, up 8% YoY as compared to Rs. 113717 crore as of June 30, 2019 and Rs. 124153 crore as of March 31, 2020.

- CASA Ratio stood at 32.02% (provisional) as of June 30, 2020, as compared to 31.44% as of June 30, 2019 and 30.50% as of March 31, 2020.

- Liquidity Coverage Ratio was at 227.79% (provisional) as of June 30, 2020, as against to 147.38% as of June 30, 2019 and 196.65% as of March 31, 2020.

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

Shares of FEDERAL BANK LTD. was last trading in BSE at Rs.53 as compared to the previous close of Rs. 53.55. The total number of shares traded during the day was 742477 in over 1626 trades.

The stock hit an intraday high of Rs. 54 and intraday low of 52.55. The net turnover during the day was Rs. 39326919.

Source : Equity Bulls

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