Thursday, August 13
Lenders are witnessing a steady decline in their CASA (current account-savings account) ratio, reflecting intense competition for deposits and a structural shift in household savings toward higher-yielding market-linked instruments, an analysis of latest earnings and executive commentaries showed. HDFC Bank's CASA ratio fell 43 basis points (bps) year-on-year (YoY) and 27 bps quarter-on-quarter (QoQ), while ICICI Bank reported a 27 bps decline YoY and a sharper 63 bps sequential fall. 126714707 One basis point is a hundredth of a percentage point."On the institutional side, CASA has proved a bit of a dampener on the overall numbers," said Anindya Banerjee, Group Chief Financial Officer, ICICI Bank, during the post-earnings analyst call. "That's not a very large proportion of our deposit
India is scaling up adoption of battery and alternative fuel-powered train engines to replace diesel fired ones for short to medium runs. The move follows near complete electrification with just 405 route kilometres (rkm) left of the national transporter's entire 70,117 rkm track network. Officials aware of the move said the national transporter's focus is now weaning the remaining around 2,500 diesel locomotives by retrofitting or replacing them with clean fuel powered ones."The first step will be replacing the diesel locomotives in yard operations, shunting services and last-mile freight connectivity," a senior official said adding that these still rely on diesel traction, primarily due to non-electrification or intermittently electrified sections. 126660593 Officials said while overhead
