The Federal Bank Limited - Key Updates for Q4 FY2023-24

The Federal Bank Limited has announced business updates for Q4 FY2023-24.

Total deposits reached ₹ 2,52,583 Crore, with a growth of 18% over ₹ 2,13,386 Crore as of March 31, 2023.

The Bank's Customer deposits (Total deposits excl. Interbank deposits and certificates of deposit) aggregated to ₹ 2,40,072 Crore, a growth of 19% over ₹ 2,02,133 Crore as of March 31, 2023.

The Bank's gross advances grew by 20% to ₹ 2,12,758 Crore from ₹ 1,77,377 Crore as of March 31, 2023. As per internal classification, Retail credit book grew by 25% and wholesale credit book grew by 15%. Retail to Wholesale ratio is at 56:44 respectively.



The above information is subject to audit by the statutory auditors of the Bank. We request you to bring the above to the notice of all concerned.

Shares of The Federal Bank Limited was last trading in BSE at Rs. 154.55 as compared to the previous close of Rs. 152.50. The total number of shares traded during the day was 657719 in over 6534 trades.

The stock hit an intraday high of Rs. 154.80 and intraday low of 151.30. The net turnover during the day was Rs. 100736251.00.

Source : Equity Bulls

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TheFederalBank INE171A01029 BusinessUpdates Q4FY24