Total Business of Federal Bank Grows by 25 per cent

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Kochi: Federal Bank has announced that its total business has registered a growth of 24.58 per cent to reach Rs. 1,71,000.84 crore as on March 31, 2017.

The Bank announced the audited financial result for the quarter here the other day.

While the deposit portfolio showed an increase of 23.36 per cent from Rs. 79,171.71 cr as on March 31, 2016 to Rs. 97,664.56 crore as on March 31, 2017, the total advances grew by 26.25 per cent to reach Rs. 73,336.28 crore as on March 31, 2017.

The NRE deposits of the Bank registered a growth of 18.46 per cent during the year to reach Rs.36,407.17 crore. The low-cost CASA segment reached Rs. 31,837.63 crore, up by 23.86 per cent. On the asset side, while the Retail advances recorded a growth of 25.75 per cent to touch Rs.21,793.62 crore, corporate advances went up by 38.20 per cent to reach Rs. 27,158.70 crore.