Asked by: Gianpaolo Brochasbusiness and finance interest rates
What is CASA account in banking?
Last Updated: 15th April, 2020
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Also question is, what is the CASA in banking?
CASA ratio stands for current and savings accountratio. CASA ratio of a bank is the ratio of depositsin current and saving accounts to total deposits. If a large partof a bank's deposits comes from these funds, it means thatthe bank is getting those funds at a relative lowercost.
Also Know, what is CASA in banking perspectives and why is it important? Hi CASA stands for Current Account and SavingsBank Account. It basically shows how much funds are parkedby the various people in form of Current and Savings Bankaccount with the bank. How it is important:CASA is one of the most low cost funding which is availableto a bank.
In this manner, what does Casa mean?
Definition: CASA stands for Current Account andSavings Account which is mostly used in West Asia and South-eastAsia. CASA deposit is the amount of money that getsdeposited in the current and savings accounts of bank customers. Itis the cheapest and major source of funds for banks.
What is CASA and Rafa?
9) RAFA: RAFA stands for Recurring DepositAccount Fixed Deposit Account. The RAFA ratio shows how muchdeposit a bank has in the form of Recurring and fixeddeposits.