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Tell Me What Do You Mean By Term “casa” Related To Bank? |
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Answer» CASA STANDS for Current Account Savings Account. The CASA ratio shows how much deposit a bank has in the form of current and saving account deposits in the TOTAL deposit. A higher CASA ratio means better operating efficiency of the bank because on current account there is no INTEREST payable whereas on savings account a tiny 3.5% interest is payable by the bank. CASA ratio shows how much of the deposit of the bank comes from the current and savings deposit. CASA stands for Current Account Savings Account. The CASA ratio shows how much deposit a bank has in the form of current and saving account deposits in the total deposit. A higher CASA ratio means better operating efficiency of the bank because on current account there is no interest payable whereas on savings account a tiny 3.5% interest is payable by the bank. CASA ratio shows how much of the deposit of the bank comes from the current and savings deposit. |
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