Some banks improve CASA ratios while the sector struggles
Financial Express Mumbai|February 21, 2024
AT A TIME when the banking sector is facing the problem of declining current account-savings accounts (CASA), few lenders have bucked the trend by improving the share of these accounts. Bank of Baroda, Bank of India, Yes Bank, IDFC First Bank, Punjab & Sind Bank, Tamilnad Mercantile Bank and DCB Bank have witnessed quarter-on-quarter increase in their CASA ratios for the third quarter.
SACHIN KUMAR
Some banks improve CASA ratios while the sector struggles

Tamilnad Mercantile Bank has seen the biggest rise of 200 basis points in its CASA ratio while Punjab & Sind Bank has improved the same by 158 bps. Other banks have seen an increase of 30-81 bps during the quarter. As the competition intensifies for customer acquisition, banks are putting in efforts to attract new accounts.

"We are very clear now that we are not going to acquire clients from the open market. We have a huge number of clients who are using our products and services, but do not have accounts with us," Dheeraj Sanghi, country head branch and affluent banking, retail banking, Yes Bank, told FE.

هذه القصة مأخوذة من طبعة February 21, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 21, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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