After the bank announced the total deposit aggregated to Rs 2,01,425 crore at the end of December 31, 2022, it registered a growth of 14.8% compared with Rs 1,75,432 crore as of December 31, 2021. Federal Bank gained 1.13% to Rs 139.20. CASA deposits of private lenders stood at Rs 67,540 crore, up 7.2% yearly from Rs 64,343 crore as of December 31, 2021. CASA ratio slipped to 34.25% in Q3FY23 compared to 36.68% in Q3FY22.

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In comparison, Certificate of Deposit jumped at 110.4% to Rs 6,691 crore in the October-December quarter of FY23 as against Rs 3,180 crore posted in October-December FY22. Interbank deposits surged 42.8% to Rs 2,283 crore as of December 31 2022, over Rs 1,598 crore recorded in the same period a year ago.

The bank has to operate through four segments corporate or wholesale banking, treasury, retail banking and other banking operations. Over 1,305 Federal bank branches and 1,876 ATMs are operational till September 30, 2022.

On a consolidated basis, the net profit of the private bank posted a 52.89% rise to Rs 703.71 crore in the July-September quarter of FY23 from Rs 460.26 crore in the July-September quarter of FY22. The bank’s total income grew 19.62% to Rs 4,630.30 crore in the July-September quarter of FY23 compared with Rs 3,870.90 crore in the July-September quarter of FY22.