 "What is CASA?")
CASA
About CASA
What is CASA?
CASA stands for Current Account Saving Account. This is a unique feature which banks offer to their customers to make them keep their money in their banks. The account combines the benefits of savings account and checking accounts.
The account pays negligible or no interest on the current account and an above-average return on the savings accounts. CASA is mostly popular in the West and Southeast Asia.
CASA is a non-term deposit account which means that it can be used for everyday banking requirements of the customer.
How does it work?
CASA combines both the features of a current account and a savings account
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Latest Updates on CASA
Bandhan Bank collection efficiency rises to 98% at end of Dec 2022
Loans and advances of the bank at the end of December 2022 stood at 1,00,520 crore, registering a growth of 14 per cent year-on-year
 "Bandhan Bank collection efficiency rises to 98% at end of Dec 2022")
Updated On : 09 Jan 2023 | 8:16 PM IST
State Bank is changing its business model, quietly
Going beyond corporate loans, SBI is getting into vendor financing as well as supply chain and cluster financing, the buzzwords of banking these days
Updated On : 08 Jan 2023 | 11:57 PM IST
Valuation gap with peers is expected to narrow for Axis Bank
It is leveraging the digital ecosystem, focusing on acquisition of corporate salary accounts, and also cross-selling products to existing clients
 "Valuation gap with peers is expected to narrow for Axis Bank")
Updated On : 22 Dec 2022 | 1:15 AM IST
The battle for deposits will intensify
The challenge before the banking system is how to keep the net interest margin healthy in a rising interest rate cycle
Updated On : 30 Oct 2022 | 4:41 PM IST
After a good ride, tide turns for low-cost CASA in September quarter
The share of CASA saw a slight rise to 56.27 per cent in September 2022 from 56.08 per cent in June 2022 and 53.91 per cent a year ago
 "After a good ride, tide turns for low-cost CASA in September quarter")
Updated On : 26 Oct 2022 | 10:23 PM IST
