In its regulatory filing, Federal Bank reported a 20% increase in advances to Rs 2,24,139 crore for the first quarter ending June 30. This is up from Rs 1,86,593 crore in the same period last year. The bank’s retail credit book grew by 25%, while the wholesale credit book grew by 14%. The ratio of retail-to-wholesale stood at 56:44. Additionally, the bank’s deposits also rose by 20% year-on-year to Rs 2,66,082 crore. However, the bank’s low-cost deposits, specifically current accounts and saving deposits (CASA), declined to 29.28% from 31.85% at the end of June 30, 2023.