FEDERAL Bank on Friday said its asset quality is healthy and the capital adequacy is much above the regulatory requirement, amid broader concerns triggered by the Yes Bank crisis.

“To reiterate the bank’s strengths: Federal Bank is now having a CRAR (capital adequacy ratio) of 14.14 per cent (FY2019) which is higher than the regulatory minimum of 9 per cent”.

“As on December 31, 2019, the total CRAR of the bank was 13.64 per cent, with tier 1 capital being at 12.62 per cent and this indicates a strong position on capital,” it said in a statement.

Also, gross NPA ratio in Federal Bank is 2.92 per cent against the industrial average of 9.1 per cent.

Stress book to average assets of Federal Bank has come down from 1.96 per cent in third quarter of 2018-19 to 1.59 per cent in same quarter this fiscal. “These figures show asset quality of the bank is safe and healthy. Federal Bank’s deposits have been growing at a healthy rate of 14 per cent year-on-year (December 2019 vs December 2018),” it added.

The lender said nearly 90 per cent of the bank’s deposits are granular. “This means, percentage of deposits which are of value Rs 2 crore or below in our base, is close to 90 per cent,” it added.