Federal Bank's CASA deposits stood at Rs 70,872 crore as of 30 June 2023, up 4.93% from Rs 67,540 crore as of 30 June 2022. CASA ratio reduced to 31.85% in Q1 FY24 as compared to 36.84% in Q1 FY23.

The bank's customer deposits (total deposits excluding interbank deposits and certificates of deposit) aggregated to Rs 2,10,439 crore as of 30 June 2023, recording a growth of 17.2% over Rs 1,79,586 crore as of 30 June 2022.

Certificate of deposit rose 17.18% to Rs 2,10,439 crore in Q1 FY24 as against Rs 1,79,586 crore posted in Q1 FY23. Interbank deposits zoomed 177% to Rs 2,895 crore as of 30 June 2023 over Rs 1,045 crore recorded in the same period a year ago.

The bank's gross advances grew by 20.9% to Rs 1,86,593 crore from Rs 1,54,392 crore as of 30 June 2022. As per internal classification, retail credit book increased by 20.2% and wholesale credit book jumped 21.6%. Retail to Wholesale ratio is at 54:46 respectively.

Federal Bank operates through four segments: treasury, corporate or wholesale banking, retail banking and other banking operations. The bank has 1355 branches and 1914 ATMs/recyclers as on 31 March 2023.

The private bank's standalone net profit surged 67% to Rs 902.61 crore on a 38.2% increase in total income to Rs 4,120.03 in Q4 FY23 over Q4 FY22.