Casa ratio of banks may fall to pre-Covid level: SBI chief
Business Standard|September 19, 2024
The share of low-cost deposits in the banking system, which is already on a downward slope, could decline further to touch the levels seen before Covid-19 due to the efficient cash management by the government as well as the corporate sector, State Bank of India chairman CS Setty said on Wednesday.
SUBRATA PANDA & ABHIJIT LELE
Casa ratio of banks may fall to pre-Covid level: SBI chief

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.

この記事は Business Standard の September 19, 2024 版に掲載されています。

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この記事は Business Standard の September 19, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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