Punjab & Sind Bank is aiming a Current Account Savings Account (CASA) ratio of 35% by the end of the ongoing fiscal and the bank has undertaken various efforts to achieve the goal.
CASA ratio, the low cost deposit base, of the state-owned bank stood at 33.36% (Rs 35,102 crore) at the end of September, 2022. Higher CASA ratio pushes profitability of banks as banks can earn higher spreads.
Punjab & Sind Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.
