Setty was referring to current and savings account (Casa) deposits of banks, which are typically priced less than term or fixed deposits.
"I will just look at our numbers again, which is a proxy to the banking system. The pre-Covid level Casa ratios are 40 per cent, which went up to 45 per cent postCovid. Obviously, it is going back to 40 per cent. It may further go down if the efficient cash management, just-in-time cash management of the Government of India comes into picture," Setty said at an event organised by Bengal Chamber of Commerce and Industry.
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