The Bank’s CASA ratio stood at around 37.6% as of September 30, 2023, as compared to 45.4% as of September 30, 2022, and 42.5% as of June 30, 2023.
I believe the focus over the next 4 quarters shall be on improving the CASA ratio and get it back to about 42-45%.
The numbers looks alright for the quarter considering this must have been a difficult one for the management to handle with all the disruption caused by the mega merger.
AJ
Disclosure: Brought during the last year and continue to hold. Closely watching the developments.
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