The current account savings account (CASA) ratio of CSB Bank will remain at an average of 30-31% for next one year as the bank will adopt a more diversified liability strategy, says managing director and chief executive officer Pralay Mondal.
“When you grow faster than what you have grown in the past, a lot of that will not come through CASA. It will come through other liability strategies. We will not sacrifice growth,” he said, adding that CASA will remain in the range of 30-31% for another year for this reason.
The Thrissur-based bank’s CASA ratio fell to 29.3% as on September 30 from 34.3% a year ago. This means that low-cost CASA deposits now constitute 29.3% of the…
Read More…
Source: https://www.financialexpress.com/business/banking-finance-csb-bank-casa-to-remain-at-30-31-3286703/