Stock Report

Federal Bank Ltd reports 12% YoY increase in total deposits during Q3FY21



Posted On : 2021-01-04 11:59:02( TIMEZONE : IST )

Federal Bank Ltd reports 12% YoY increase in total deposits during Q3FY21

Federal Bank Ltd has announced the financial information (provisional) for the period ended December 31, 2020.

- Total Deposits was at Rs. 161670 crore (provisional) as of December 31, 2020, up 23% YoY as against Rs. 144592 crore as of December 2019, Rs. 156747 crore as of September 2020 and Rs. 152290 crore as of March 31, 2020.

- Customer Deposits stood at Rs. 156973 crore (provisional) as of December 31, 2020, up 13% YoY as against Rs. 138451 crore as of December 2019, Rs. 152021 crore as of September 2020 and Rs. 145651 crore as of March 31, 2020.

- CASA stood at Rs. 55739 crore (provisional) as of December 31, 2020, up 23% YoY as against Rs. 45484 crore as of December 2019, Rs. 52786 crore as of September 2020 and Rs. 46450 crore as of March 31, 2020.

- Certificates of Deposit was at Rs. 1848 crore (provisional) as of December 31, 2020, down 57% YoY as against Rs. 4251 crore as of December 2019, Rs. 1840 crore as of September 2020 and Rs. 4449 crore as of March 31, 2020.

- Interbank deposits stood at Rs. 2849 crore (provisional) as of December 31, 2020, up 51% YoY as against Rs. 1890 crore as of December 2019, Rs. 2886 crore as of September 2020 and Rs. 2190 crore as of March 31, 2020.

- Gross Advances was at Rs. 128174 crore (provisional) as of December 31, 2020, up 6% YoY as compared to Rs. 120861 crore as of December 2019, Rs. 125209 crore as of September 2020 and Rs. 124153 crore as of March 31, 2020.

- CASA Ratio stood at 34.48% (provisional) as of December 31, 2020, as compared to 31.46% as of December 2019, 33.68% crore as of September 2020 and 30.50% as of March 31, 2020.

- Liquidity Coverage Ratio was at 248.26% (provisional) as of December 31, 2020, as against to 181.30% as of December 2019, 266.27% crore as of September 2020 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.68.05 as compared to the previous close of Rs. 66.7. The total number of shares traded during the day was 1640206 in over 7597 trades.

The stock hit an intraday high of Rs. 68.2 and intraday low of 66.85. The net turnover during the day was Rs. 110923792.

Source : Equity Bulls

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