Current Affairs · Banking and Finance
According to recent financial sector reports, which of the following is the primary reason for the decline in the share of banks' CASA (Current Account and Savings Account) deposits?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An overall weak financial performance across the public banking sector
- 2Rising inflation entirely stopping savings behavior among consumers
- 3Higher returns on fixed deposits and mutual funds attracting customer funds✓
- 4A sudden reduction in interest rates on savings accounts
Correct answer
Higher returns on fixed deposits and mutual funds attracting customer funds
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