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Bank CASA remains under pressure
Business Standard
|January 03, 2024
The current account savings account (CASA) ratio of banks continued to remain under pressure in the third quarter ended December 2023 as customers shifted funds from CASA to term deposits.
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According to provisional data the CASA ratio of South Indian Bank dropped to 31.79 per cent from 33.83 per cent in the same quarter of financial year 2022-23. Federal Bank printed a decline to 30.63 per cent from 34.24 per cent.
At the same time, public sector lender Bank of Maharashtra's CASA fell to 50.19 per cent from 52.50 per cent a year ago.
In comparison, the CASA ratio of South India Bank was 32.03 per cent in the quarter ended September 30, 2023. Similarly, Federal Bank had a CASA ratio of 31.17 per cent and Bank of Maharashtra was at 50.71 per cent.
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