Federal Bank's loan grows 19.1% YoY in Q3; deposits cross Rs 2 trn mark

Pace of customer liabilities expands at slower pace of 12.8 per cent YoY

Federal Bank has posted 19.1 per cent year-on-year (YoY) growth in advances as of December 2022 (Q3 FY23), aided by demand in the festive season.

The private sector lender had posted 12 per cent growth in the third quarter of FY22. Retail advances in Q3 FY23 also expanded by 19.1 per cent, said the company in a filing with the BSE. Retail credit growth was 7.91 per cent a year ago.

Federal Bank’s wholesale credit book grew 19.0 per cent and the ratio of retail credit to wholesale credit was 54:46 at the end of December 2022.

Total deposits reached