Try GOLD - Free
SBI aims to better CASA ratio to 40% to lower funding cost, says chairman
Financial Express Kochi
|February 10, 2025
STATE BANK OF India (SBI) aims to bring back its current account-savings account (CASA) ratio to 40%, which will reduce costs and protect its net interest margins, chairman CS Setty said during an analyst call.
The bank's CASA ratio has consistently declined over the past two years, falling to 39.20% at the end of December 2024, from 43.80% in March 2023.
In the last nine months, we have acquired 950,000 customers and salary customer accounts, which means the CASA ratio would come back to 40%. That is our target, which would also bring down the cost of resources," said Setty.
The bank's CASA ratio has declined from 41.11% in March 2024 to 40.7% in June and to 40.03% in September. The entire banking sector is witnessing the trend of CASA contraction as depositors have been moving funds to high-yield fixed deposits.
This story is from the February 10, 2025 edition of Financial Express Kochi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Kochi
Financial Express Kochi
MG Windsor zooms past Tata to take EV crown
FOR THE FIRST time since electric vehicle (EV) sales took off in India in 2020, a non-Tata car will lead a calendar year’s sales.
1 min
December 14, 2025
Financial Express Kochi
Indian holidayers favour foreign shores over domestic
Outbound tourist numbers rising, inbound static
1 min
December 14, 2025
Financial Express Kochi
‘It’s fake news’: A natural history of misinformation
It is not just humans who suffer fake news. So do fish, flies and even bacteria
4 mins
December 14, 2025
Financial Express Kochi
Organiser detained, inquiry ordered in Messi event chaos
CHAOS AT THE Salt Lake stadium here during a Lionel Messi event on Saturday which escalated into a major lawand-order episode with police detaining the prime organiser for alleged mismanagement, even as West Bengal CM Mamata Banerjee ordered a high-level inquiry and apologised to fans.
1 min
December 14, 2025
Financial Express Kochi
Indian vacationers favour foreign shores
THE COMPOSITION OF outbound travel underscores the shift.
2 mins
December 14, 2025
Financial Express Kochi
Five new chocolate boutiques in Paris
Inside Cedric et la Chocolaterie, the new Paris chocolate shop from the celebrity pastry chef Cedric Grolet - a tattooed 40-year-old with boutiques from St Tropez to Singapore - a wall of molten chocolate sluices downward, dazzling the fans who line up daily to enter the hallowed space.
4 mins
December 14, 2025
Financial Express Kochi
Shiprocket aims to raise ₹2,342 crore
TEMASEK-BACKED E-COMMERCE enablement platform Shiprocket has filed updated draft papers with markets regulator Sebi to raise a little over ₹2,342 crore through its initial public offering (IPO), reports PTI.
1 min
December 14, 2025
Financial Express Kochi
A myth & its unmaking
A dismantling of the idea of progress, forcing a rethink what it means to advance at all
4 mins
December 14, 2025
Financial Express Kochi
The Omega 3 angle
Why is this important for health, and how should we consume it
3 mins
December 14, 2025
Financial Express Kochi
China is ‘rejecting’ H200s, claims White House official
CHINA HAS FIGURED out the US strategy for allowing it to buy Nvidia’s H200 and is rejecting the AI chip in favour of domestically developed semiconductors, White House AI czar David Sacks said, citing news reports.
1 mins
December 14, 2025
Listen
Translate
Change font size