Share of Casa in total bank deposits rose to 44.8% in March 2022: RBI data

Seven states accounted for 63.3% of overall deposits; share of female holdings in incremental deposits more than doubled

The share of current and savings accounts (Casa) deposits of commercial banks has increased to 44.8 per cent as of March 2022-end, from 41.7 per cent three years ago, latest data released by Reserve Bank of India (RBI) showed.

Casa are low-cost deposits of banks, which are margin accretive. Casa deposits accounted for 60.9 per cent and 55.6 per cent of incremental deposits during 2020-21 and 2021-22, respectively.

Interest rates on fixed deposits, which have begun rising recently, were quite low during the past few years as RBI followed an ultra loose monetary policy since the start of the Covid-19