Federal Bank has seen growth both on the deposit as well as on the credit side. The Kerala-based bank’s deposits grew 12% year-on-year in the fiscal third quarter while gross advances reported a 6% year-on-year growth.

Total deposits stood at Rs 161,670 crore for the quarter ended 31 December versus Rs 144,592 crore a year ago, the bank said in a regulatory filing.

Advances at the end of the third quarter stood at Rs 128,174 crore compared with Rs 120,861 crore in the same previous fiscal period.

Advances at the end of the third quarter stood at Rs 128,174 crore compared with Rs 120,861 crore in the same previous fiscal period.

CASA (current account savings account) was at Rs 55,739 crore during the quarter under review, an year-on-year increase of 23%. The CASA ratio was at 34.48%.

Federal Bank’s liquidity coverage ratio was at 248.26% for the December quarter, compared to 181.30% a year ago and 266.27% for the second quarter of this fiscal.