Federal Bank Ltd's total deposits jump 13% YoY during Q4FY21 to Rs. 172655 crore

Federal Bank Ltd has announced the financial information (provisional) for the period ended March 31, 2021.

- Total Deposits was at Rs. 172655 crore (provisional) as of March 31, 2021, up 13% YoY as against Rs. 152290 crore as of March 31, 2020 and Rs. 161670 crore as of December 31, 2020.

- Customer Deposits stood at Rs. 163620 crore (provisional) as of March 31, 2021, up 12% YoY as against Rs. 145651 crore as of March 31, 2020 and Rs. 156973 crore as of December 31, 2020.

- CASA stood at Rs. 58381 crore (provisional) as of March 31, 2021, up 26% YoY as against Rs. 46450 crore as of March 31, 2020 and Rs. 55740 crore as of December 31, 2020.

- Certificates of Deposit was at Rs. 5985 crore (provisional) as of March 31, 2021, up 35% YoY as against Rs. 4449 crore as of March 31, 2020 and Rs. 1848 crore as of December 31, 2020.

- Interbank deposits stood at Rs. 3050 crore (provisional) as of March 31, 2021, up 39% YoY as against Rs. 2190 crore as of March 31, 2020 and Rs. 2849 crore as of December 31, 2020.

- Gross Advances was at Rs. 134876 crore (provisional) as of March 31, 2021, up 9% YoY as compared to Rs. 124153 crore as of March 31, 2020 and Rs. 128180 crore as of December 31, 2020.

- CASA Ratio stood at 33.81% (provisional) as of March 31, 2021, as compared to 30.50% as of March 31, 2020 and 34.48% crore as of December 31, 2020.

- Liquidity Coverage Ratio was at 206.91% (provisional) as of March 31, 2021, as against to 196.65% as of March 31, 2020 and 248.8627% crore as of December 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.78.85 as compared to the previous close of Rs. 75.75. The total number of shares traded during the day was 816629 in over 1852 trades.

The stock hit an intraday high of Rs. 79.4 and intraday low of 76.35. The net turnover during the day was Rs. 63438333.

Source : Equity Bulls

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