‘Our aim is to raise CASA ratio to 35%’

Brajesh Kumar Singh last week assumed charge as the managing director and chief executive of Canara Bank. In his first media interaction since taking over, Singh speaks to Narayanan V about his priorities, RBI’s decision to keep the repo rate unchanged and exposure to Rajesh Exports. Excerpts:

- BRAJESH KUMAR SINGH, MD & CEO, CANARA BANK

What are your priorities as the MD & CEO of Canara Bank?

My first and foremost priority is resources. We face some challenges in raising low-cost deposits, with our current account and savings account (CASA) ratio being below 30%. We will focus on increasing deposits and resources, and my endeavour is to take the CASA ratio to at least 35%. This is not guidance, but an endeavour.