Where the other private sector banks facing the share of low cost current account and saving account (Casa) deposits grow in their deposit pool, in the same period the second largest private sector lender HDFC bank facing the largest fall in casa deposits.
By the end of March 2013, casa ratio in total deposits was at 47.4 percent, and in the next its fall to 45% (September 2013). The ratio declined by the end of March 2014 is 44.8%. Now this result can be seen with the most downfall 43.2% by the end of September quarter 2014
Chief Officer financial officer HDFC, Sashi jagdishan said, “The interest rate for fixed deposits have continued to remain elevated in the range of 8.5-9.5 per cent for the last two three years, whereas savings bank rate have continued to be 4 per cent of majority of the banking system. Therefore, whenever there is a high gap between the two rates invariably there will be migration of funds from savings account to FDs.”
While an analyst of foreign brokerage house said, “The bank had continued to enjoy casa ratio of close to 50 per cent during 2010-12 but it will be difficult to go back to that level now as the total size of the deposits have grown and competition has also increased.”
Culling monkeys best solution, say Himachal legislators
Shimla, March 20 (IANS) Culling stray monkeys is the best
Inside Story: Pakistan will hit the stomach of the poor to get a loan of $ 7 billion from the IMF!
Pakistan is helpless to press the burden of debt to escape from its plight. Pakistan is currently
SRK's Special Message to Indian Cricket Team
Mumbai, Feb 15 (IANS) As Indian cricket team is taking on one of its biggest rivals - Pakistan
Haryana Home and Health Minister Anil Vij has hit back at Congress leader Rahul Gandhi's statemen
During the funeral of Mukhtar Ansari, there was chaos when his supporters broke the barricades to
Kiran Walia to take on Kejriwal from New Delhi
New Delhi, Jan 16 (IANS) Congress leader Kiran Walia will take on former chief minister Arvind
NEET PG 2022: NEET PG 2022 will not be postponed, news of the exam scheduled
NEET PG 2022: The National Eligibility cum Entrance Test Post Graduate i.e. NEET PG 2022 is deman
Modi pays tribute to Chhatrapati Shivaji
New Delhi, Feb 19 (IANS) Prime Minister Narendra Modi Thursday paid tribute to Chhatrapati Shiv
The Modi government is preparing to present the first budget of its new term. This is the first b
Raipur, ANI. Union Home Minister Amit Shah has reached Chhattisgarh. Amit Shah has reached Jagdal
