SRINAGAR, NOVEMBER 17: 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 acknowledgment 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 a bank’s efficient process for obtaining funds at the lowest available price. Notably, the Bank’s CMD had recently asserted that the Bank has a very strong deposit profile with one of the best industry-wide mixes of CASA and Term Deposits that are mostly retail and thus stable.