Private sector Federal Bank said its gross advances grew 20% year-on-year to Rs 2.13 lakh crore at the end of March 31, 2024 from Rs 1.77 lakh crore a year earlier.
Its retail credit book grew by 25% and wholesale credit book grew
by 15%, the bank said in a regulatory filing to stock exchanges. Retail loan to wholesale loan ratio is at 56:44.
The bank’s total deposits reached Rs 2.53 lakh crore, registering 18% more than Rs 2.13 lakh crore as on March 31, 2023.
Suryoday Small Finance Bank, which also announced its interim business numbers on Wednesday, reported a 41% year-on-year jump in gross advances to Rs 8650 crore. It disbursed Rs 2340 crore during the January-March quarter compared to Rs 1688 crore in the year-ago period.
Its gross non-performing asset ratio fell 2.8% at the end of March from 3.1% a year ago. The bank’s deposits grew 50% to Rs 7775 crore.