What is CASA (Current and Savings Account)?

CASA 

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CASA stands for Current and Savings Account ratio which is used in the banking and financial sector. It is the ratio of deposits in the current and Savings accounts of a bank to its total deposit. A high CASA ratio indicates that a higher portion of the bank's deposits come from current and Savings accounts. This means that the bank is getting money at low cost.

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Also read :What is CASA (Current and Savings Account)?

Article By Pratham Sharma.