2022, Vol. 5, Issue 2

author(s)
Rahul Singh

abstract
Casa is one that acts as a virtual bank vault for deposits in current and savings accounts. It is beneficial that only financial organizations authorized to do business under the Banking Regulation Act of 1939 can supply such banking deposits. These banking deposits are referred to as low-cost bank liabilities. Compared to other banking deposits like recurring and fixed deposits, these forms of deposits offer an interest rate of around 4% to the depositors of banks, which is low compared to recurring and fixed deposits. Banks use these deposits to make loans and advances while charging for these services. This research examines how CASA deposits have changed over time and how they help banks become more profitable. The study, based on the 5-year CASA deposit growth of SBI and HDFC Bank, was taken for analysis. Using correlation and t-test techniques for the comparative study, the best bank has been determined on a comparative basis by the CASA deposit growth of both banks.