The Federal Bank Limited - Business Update as of Dec 31, 2023

The Federal Bank Limited has announced the business updates as of December 31, 2023.

- Total deposits reached ₹ 2,39,591 Crore, with a growth of 19% over ₹ 2,01,408 Crore as of December 31, 2022.

- The Bank's Customer deposits (Total deposits excl Interbank deposits and certificates of deposit) aggregated to ₹ 2,27,464 Crore, a growth of 18% over ₹ 1,92,434 Crore as of December 31, 2022.

- The Bank's gross advances grew by 18% to ₹ 2,02,475 Crore from ₹ 1,71,043 Crore as of December 31, 2022. As per internal classification, Retail credit book grew by 20% and wholesale credit book grew by 17%. Retail to Wholesale ratio is at 55:45 respectively.


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

Shares of The Federal Bank Limited was last trading in BSE at Rs. 156.50 as compared to the previous close of Rs. 156.05. The total number of shares traded during the day was 419504 in over 7437 trades.

The stock hit an intraday high of Rs. 157.15 and intraday low of 155.45. The net turnover during the day was Rs. 65666312.00.

Source : Equity Bulls

Keywords

TheFederalBank INE171A01029 BusinessUpdate Q3FY24 Deposits Advances