Current Affairs · Banking and Finance
Which of the following is the primary structural reason for the declining proportion of CASA (Current Account Savings Account) deposits in Indian commercial banks during recent financial quarters?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A regulatory cap imposed by the RBI restricting maximum deposits in savings accounts.
- 2The introduction of flat wealth taxes on basic savings account interest income.
- 3A massive drop in digital transactions forcing users to hold hard cash.
- 4Aggressive interest rate hikes on term/fixed deposits, prompting customers to shift funds out of low-yielding savings accounts.✓
Correct answer
Aggressive interest rate hikes on term/fixed deposits, prompting customers to shift funds out of low-yielding savings accounts.
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