Banks express concern on CASA deposits piling up in Eastern states

Mumbai, Aug 25 (ANI): Union Finance Minister Nirmala Sitharaman on August 25 said that the Banks raised concerns on Current Account Saving Account (CASA) deposits that are piling up in Eastern States. “CASA (Current Account Saving Account) deposits are piling up in Eastern States. Banks should give facility of greater credit expansion in that region. So the credit flow for business development in that region can be better promoted in those areas,” said Finance Minister Sitharaman.

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