It's a busy week for the primary markets and among the issues opening today is the nearly Rs 600 crore Suryoday Small Finance Bank IPO.
Talking about growth NPAs, Baskar Babu Ramachandran, MD & CEO of the company, said, "There has been pretty good traction in terms of granular term deposits. As far as CASA is concerned, specifically saving accounts it will be granular. We are focusing on retail granular ones. We are seeing the momentum from 11 percent to 13.50 percent currently when we speak. The momentum, however, has been slow and steady.”
On term deposits, Ramachandran said, “The good news is in terms of traction in term deposits has been much more than what we really require to absorb. Deposits are growing approximately closer to around Rs 100 crore every month.”
He further said he expects CASA to be granular going ahead and expects the cost-to-income ratio to remain under 50 percent.
For full management commentary, watch the video
(Edited by : Priyanka Rathi)
First Published: Mar 17, 2021 1:00 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Gonda Lok Sabha election: BJP's Kirti Vardhan Singh takes on Beni Prasad Verma's granddaughter Shreya
May 19, 2024 10:19 PM
Faizabad Lok Sabha election: Can Ayodhya Ram Temple strengthen BJP's stronghold here?
May 19, 2024 10:16 PM
Amethi Lok Sabha election: Can BJP's Smriti Irani retain the Congress bastion she won in 2019?
May 19, 2024 10:12 PM
Rae Bareli Lok Sabha Election: Can Rahul hold on to this Gandhi family bastion?
May 19, 2024 10:09 PM