SRINAGAR- In terms of current account and savings account (CASA) Ratio, J&K Bank is one of the top three leading private sector banks in the country. According to a report titled ‘Top 10 Private Sector Banks With High CASA Ratio As On 30th September, 2021’ published online by StockEdge – a web-based platform that claims to be 100% focused on research and analytics – J&K Bank with a CASA Ratio of 55.3% is only second to Kotak Mahindra Bank, which has 60.6% CASA and is followed by IDBI Bank with 54.6% CASA figure.
“It feels good to see any kind of such analytical acknowledgement from the market and I think it encourages us to move ahead in other parameters of growth and success in the industry with renewed enthusiasm”, commented CMD R K Chhibber.
CASA ratio is an indicator of bank’s efficient process for obtaining funds at the lowest available price. Notably, the Bank’s CMD had recently asserted that the Bank has very strong deposit profile with one of the best industry-wide mix of CASA and Term Deposits that are mostly retail and thus stable.