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CASA Ratio
CASA ratio stands for current and savings account ratio. CASA ratio of a bank is the ratio of deposits in current, and saving accounts to total deposits. A higher CASA ratio indicates a lower cost of funds, because banks do not usually give any interests on current account deposits and the interest on saving accounts is usually very low 3–4%. If a large part of a bank's deposits comes from these funds, it means that the bank is getting those funds at a relative lower cost. It is generally understood that a higher CASA ratio leads to higher net interest margin. In India, it is used as one of the metrics to assess the profitability of a bank. Formula = \left ( \frac \right ) CASA ratio of some Indian banks See also * Banking in India Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transaction Account
A transaction account (also called a checking account, cheque account, chequing account, current account, demand deposit account, or share account at credit unions) is a deposit account or bank account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the account owner may direct. Access may be in a variety of ways, such as cash withdrawals, use of debit cards, cheques and electronic transfer. In economic terms, the funds held in a transaction account are regarded as liquid funds. In accounting terms, they are considered as cash. Transaction accounts are known by a variety of descriptions, including a current account (British English), chequing account or checking account when held by a bank, share draft account when held by a credit union in North America. In the Commonwealth of Nations, United Kingdom, Hong Kong, India, Ireland, Australia, New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Account
A savings account is a bank account at a retail banking, retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn. Traditionally, transactions on savings accounts were widely recorded in a passbook, and were sometimes called passbook savings accounts, and bank statements were not provided; however, currently such transactions are commonly recorded electronically and accessible online. People deposit funds in savings account for a variety of reasons, including a safe place to hold their cash. Savings accounts normally pay interest as well: almost all of them accrue compound interest over time. Several countries require savings accounts to be protected by deposit insurance and some countries provide a government guarantee for at least a portion of the account balance. There are many types of savings accounts, often serving particular purposes. These may includ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
India
India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since 2023; and, since its independence in 1947, the world's most populous democracy. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is near Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand, Myanmar, and Indonesia. Modern humans arrived on the Indian subcontinent from Africa no later than 55,000 years ago., "Y-Chromosome and Mt-DNA data support the colonization of South Asia by modern humans originating in Africa. ... Coalescence dates for most non-European populations averag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economic Times
''The Economic Times'' is an Indian English-language business-focused daily newspaper. Owned by The Times Group, ''The Economic Times'' began publication in 1961 and it is sold in all major cities in India. As of 2012, it is the world's second-most widely read English-language business newspaper, after ''The Wall Street Journal'', with a daily readership of over 800,000. According to the Audit Bureau of Circulations (India), Audit Bureau of Circulations, the newspaper's Print circulation, circulation averaged 269,882 copies during the latter half of 2022. It is published simultaneously from 14 cities: Mumbai, Bangalore, Delhi, Chennai, Kolkata, Lucknow, Hyderabad, Jaipur, Ahmedabad, Nagpur, Chandigarh, Pune, Indore, and Bhopal. Its main content is based on the Economy of India, Indian economy, international finance, share prices, prices of commodities as well as other matters related to finance. This newspaper is Publishing, published by Bennett Coleman & Co. Ltd, Bennett, Cole ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yahoo
Yahoo (, styled yahoo''!'' in its logo) is an American web portal that provides the search engine Yahoo Search and related services including My Yahoo, Yahoo Mail, Yahoo News, Yahoo Finance, Yahoo Sports, y!entertainment, yahoo!life, and its advertising platform, Yahoo Native. It is operated by the namesake company Yahoo! Inc., which is 90% owned by Apollo Global Management and 10% by Verizon. Yahoo was established by Jerry Yang and David Filo in January 1994 and was one of the pioneers of the early Internet era in the 1990s. However, its use declined in the 2010s as some of its services were discontinued, and it lost market share to Facebook and Google. Etymology The word "yahoo" is a backronym for " Yet Another Hierarchically Organized Oracle" or "Yet Another Hierarchical Officious Oracle". The term "hierarchical" described how the Yahoo database was arranged in layers of subcategories. The term "oracle" was intended to mean "source of truth and wisdom", and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Bank Of India
State Bank of India (SBI) is an Indian multinational public sector bank and financial service body headquartered in Mumbai. It is the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the tenth largest employer in India with nearly 250,000 employees. As of 2024, SBI has 500 million customers. The Reserve Bank of India (RBI) has identified SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are "too big to fail". SBI is the 47th largest bank in the world by total assets and ranked 178th in the ''Fortune'' Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. In 2024, SBI was ranked 55th in ''Forbes'' Global 2000. The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent. The Bank of M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yes Bank
Yes Bank (stylised as YES BANK) is an Indian private sector bank, headquartered in Mumbai, catering to retail customers, MSMEs, and corporate clients. The bank was founded by Rana Kapoor and Ashok Kapur in 2003. Its network is spread across 300 districts in India and comprises 1,198 branches, 193 BCBOs and 1,287+ ATMs. History In 1997–98, three Mumbai-based bankers– Rana Kapoor, Ashok Kapur and Harkirat Singh–co-founded Rabo India Finance in partnership with Rabobank of the Netherlands. In early 2003, the three bankers started Yes Bank with proceeds from selling their stakes in Rabo India Finance. Harkirat Singh resigned in April 2003 citing concerns over Rabobank's influence in appointing a leader for Yes Bank. In May 2004, Yes Bank obtained banking license from the Reserve Bank of India (RBI). Initially, Rana Kapoor and Ashok Kapur each held 26% in the bank, Rabobank owned 20%, newly-appointed directors were allocated 3% and private equity firms held the remaining ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kotak Mahindra Bank
Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. As of December 2023, the bank has 1,869 branches and 3,239 ATMs, including branches in GIFT City and DIFC (Dubai). History 1985–2002: Kotak Mahindra Finance In 1985, Uday Kotak founded Kotak Capital Management Finance Limited as a financial services company with a loan of 30 lakh from family and friends. In 1986, Anand Mahindra and his father Harish Mahindra invested 1 lakh in the company which was subsequently renamed Kotak Mahindra Finance. The company was initially engaged in bill discounting, along with lease and hire purchase activities. In the early 1990s, the company started offering car financing and investment banking services and expanded its operations overseas. In 1996, car financin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ICICI Bank
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara. It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. ICICI Bank has a network of 6,613 branches and 16,120 ATMs across India. It also has a presence in 11 countries. The bank has subsidiaries in the United Kingdom and Canada; branches in United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China and South Africa; as well as representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia. The company's UK subsidiary has also established branches in Belgium and Germany. The Reserve Bank of India (RBI) has identified the State Bank of India, HDFC Bank, and ICICI Bank as Domesti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karnataka Bank
Karnataka Bank Limited is an Indian private sector bank based in Mangalore. It is an 'A' Class Scheduled Commercial Bank with a network of 957 branches, 1188 ATMs & Cash recyclers and 588 e-lobbies/mini e-lobbies across 22 states and 2 union territories. It has 8,652 employees and over 11 million customers throughout the country. Its shares are listed on the NSE and BSE. The tagline of the bank is "Your Family Bank Across India." SEBI profile, pg. 38 Karnataka Bank Limited has adopted core banking, internet banking and has established its "MoneyPlant" (1187 ATMs & Cash recyclers and 586 e-lobbies/mini e-lobbies) ATM system across the country. History Karnataka Bank Limited was incorporated on 18 February 1924, and commenced business on 23 May 1924. Its founders established it at Mangalore, a coastal town in the Dakshina Kannada district of Karnataka. SEBI profile, pg. 34 Among the founders, who created the bank to serve the South Canara region, was B. R. Vysaray Achar. K. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IndusInd Bank
IndusInd Bank Limited is an Indian banking and financial services company based in Mumbai. It was established in April 1994 and promoted by the Hinduja Group. History IndusInd Bank was among nine 'new-generation' banks that obtained a banking license in 1994; it was started by S. P. Hinduja along with hundreds of NRI and other shareholders. Named after the Indus Valley Civilisation, the bank began its operations on 17 April 1994, after being inaugurated by the then Union Finance Minister Manmohan Singh. It launched its initial public offering in 1997. In 2004, IndusInd Bank completed its merger with Ashok Leyland Finance, a vehicle financing company which was also part of the Hinduja Group. IndusInd Bank listed on the Luxembourg Stock Exchange in 2007 by issuing global depository receipts (GDRs) worth . In 2008, it issued fresh GDRs worth . In 2011, IndusInd Bank acquired Deutsche Bank India's loss-making credit cards division. In October 2017, IndusInd Bank announc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Hindu Business Line
''Business Line'', known as ''The Hindu Business Line'', is an Indian business newspaper A newspaper is a Periodical literature, periodical publication containing written News, information about current events and is often typed in black ink with a white or gray background. Newspapers can cover a wide variety of fields such as poli ... published by Kasturi & Sons, the publishers of the newspaper ''The Hindu'' headquartered in Chennai, India. The newspaper covers priority industry verticals, such as agriculture, aviation, automotive, IT, in weekly specials. The paper is printed at 17 centres across India, reaching List of metropolitan areas in India, metros as well as emerging Classification of Indian cities#Population-based classification, Tier I and Tier II cities. ''Business Line'' has a daily circulation of 1,17,000 copies, per the Audit Bureau of Circulations (India), Audit Bureau of Circulation in 2016. See also *List of newspapers in India References External links ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
