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Allahabad Bank has recorded better CASA ratio
…. 94, 164 crore last year. The market share of the deposits which was 2.19% last year has become 2.42% this year. The CASA (current and savings account) deposits have grown up by 22% to Rs.40230 crore which has taken the CASA ratio from 35.41% to 33.41%. The Net Interest margin which was 2.97% has grown up to 3.44% this year. Reports also said that the government has decided to infuse Rs.670 crore in Allahabad Bank which will raise the government…
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What is CASA?
ves slightly higher interest rates. Therefore deposits of the bank from current and savings deposit is generally a cheaper source of fund. This cheap source is in turn used to distribute Home loan, Personal loan etc. The CASA ratio is the ratio of deposits in the current and savings account of a bank to the total deposits of the bank. If the CASA ratio is higher then it means that a higher portion of the deposits have come from current and saving…
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Year 2009 for Punjab National bank!
…elt. In addition the Bank has a subsidiary (PNBIL) in UK. Strong Capital Base A strong capital base is the number one issue to consider before investing in a lender. Punjab National Bank also excels on Capital Adequacy Ratio (CAR) – perhaps the only parameter where many Indian banks fall short, much like their global counterparts. While many Indian Banks are struggling to keep their heads above the floor-levels of 9-12%, PNB’s CAR is at…
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ICICI bank in the year 2009!
…lio of assets. This will help the bank in the years to come. Deposit Base ICICI has witnessed an increase in deposit base by Rs. 9283 crores in Q4-2009, of which Rs. 5286 crores was CASA (current a/c and savings a/c). CASA ratio is the ratio of the deposits in the form of Current Account & Savings Account to the total deposits. There was a substantial increase in CASA ratio of the bank to 28.7% at March 31, 2009 compared to 27.4% at Dec…
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UCO Bank has planned to increase its business by Rs. 1Lakh crore by March 2013
…to increase its number of ATMs to 3,000 by March 2013 and to 5,000 by March 2016 from the existing 681. Reports also said that the bank has recently launched a ‘Total Freedom’ campaign in order to boost its CASA deposit ratio. The objective of the campaign is to take the bank’s CASA share in total deposits from 24 per cent to around 35 per cent by the end of the third quarter of this fiscal. Mr. R. K. Agrawal, Field General Manager (M…
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UCO Bank has planned to increase its business by Rs. 1Lakh crore by March 2013
…to increase its number of ATMs to 3,000 by March 2013 and to 5,000 by March 2016 from the existing 681. Reports also said that the bank has recently launched a ‘Total Freedom’ campaign in order to boost its CASA deposit ratio. The objective of the campaign is to take the bank’s CASA share in total deposits from 24 per cent to around 35 per cent by the end of the third quarter of this fiscal. Mr. R. K. Agrawal, Field General Manager (M…
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Personal loan lender Axis bank displays good performance in Q1
…41% for the same period previous year. There was a fall in the percentage of CASA deposits of the bank. By the end of Q1, the CASA deposits comprised 40% of the bank’s total deposits. The bank’s provision coverage ratio is 77% which exceeds the 70% limit fixed by banking regulator, RBI. Get the best deals on loan offers Home loans Personal loans Car loans Some useful personal finance calculators EMI calculator Loan repayment calcu…
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Year 2009 for HDFC Bank
…gh the bank had hired 2,000 employees last quarter as the bank has been able to bring down its temporary staff. Even though the bank plans to add another 100 branches in the second half, it plans to keep the cost-to-income ratio around the current level. Statutory Needs Met Comfortably The bank’s capital adequacy ratio (CAR) on September 30 was 15.7 per cent, with Tier-I CAR at 10.9 per cent. However, the bank’s CAR is expected t…
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Allahabad Bank has planned to boost up its fee-based income
…ted transactions in a traditional retail environment. Mr. Dua said that the setting up of terminals will help the bank acquire higher fee-based income, apart from strengthen its CASA (Current Account and Savings Bank Account) ratio. He added saying that the bank has planned to grow its fee-based income by about 30 per cent this year. In order to improve customer convenience in using the plastic money, the Reserve Bank of India had permitted cash …
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How did Bank of India fare in 2009?
…f Rs. 250.00 Crores. Credit Rating Bank of India has go the BWR AAA + (Triple A Plus) rating from Brickwork Rating India Pvt Ltd. which stands for issuers to offer the best creditworthiness. The statutory Capital Adequacy Ratio of the bank is not at the required levels. For this BoI has sought Rs 2,000 crores from the government in order to augment its core Tier-I capital. The Year Ahead for Bank of India Bank of India has been historical…
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