Capital First Strategy, Loan Growth and Profitability Trends
Section 4: CASA deposits have registered a strong YOY growth of 150%
.
With the healthy growth of CASA deposits which translated to 48% CASA ratio as on
31 December 2020, the Bank has been carrying excess liquidity.
•
Thus, with effect from 1 Feb 2021, the Bank is reducing the highest Savings Account
rate offered from 7% to 6% for deposits upto Rs. 1 crore with the intention of
draining out the excess liquidity and to save negative carry cost currently incurred by
the bank on excess liquidity.
•
This will help in reducing the excess liquidity during the quarter and will help to
decrease the negative carry due to excess liquidity
23,491
20,661
16,204
12,473
9,594
7,893
5,274
All figures are in Rs. crore unless specified.
30,181
40,563 $
31 Dec 18
30 Jun 19
30 Sep 19
31 Dec 19
31 Mar 20
30 Jun 20
30 Sep 20
31 Dec 20
31 Mar 19
$Excluding deposits from NHB which are one-time/temporary in nature and are considered as non-sustainable in nature with fluctuating balance. Otherwise the Total CASA balance as of Dec 31, 2020
would have been Rs.40,894 crore.
Section 4: Update on Liabilities
42
IDFC FIRST
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