New Delhi, Private sector lender Federal Bank on Wednesday reported 20 per cent rise in advance payments to Rs 2,24,139 crore for the first quarter ended June 30.
Total advances stood at Rs 1,86,593 crore at the end of the first quarter of the last financial year, Federal Bank said in a regulatory filing.
As per internal classification, the retail credit book grew by 25 per cent and the wholesale credit book grew by 14 per cent, with the retail-to-wholesale ratio standing at 56:44, respectively.
Bank deposits also grew 20 per cent year-on-year to Rs 2,66,082 crore in the quarter, from Rs 2,22,496 crore in the same period a year ago, it said.
Federal Bank's low-cost deposits - current accounts and savings deposits (CASA) - declined to 29.28 per cent from 31.85 per cent at the end of June 30, 2023.
Total advances stood at Rs 1,86,593 crore at the end of the first quarter of the last financial year, Federal Bank said in a regulatory filing.
As per internal classification, the retail credit book grew by 25 per cent and the wholesale credit book grew by 14 per cent, with the retail-to-wholesale ratio standing at 56:44, respectively.
Bank deposits also grew 20 per cent year-on-year to Rs 2,66,082 crore in the quarter, from Rs 2,22,496 crore in the same period a year ago, it said.
Federal Bank's low-cost deposits - current accounts and savings deposits (CASA) - declined to 29.28 per cent from 31.85 per cent at the end of June 30, 2023.
