SBI, HDFC Bank, Axis Bank, ICICI Bank, Yes Bank - In PSB vs Pvt lenders tussle on CASA deposits, look who is winning and who is losing
Private banks continued to make good progress in increasing their share in CASA deposits, although the pace has slowed down in the past few years. However, they continue to make significant share gains in term deposits. PSU banks have ceded 250 bps market share in term deposits and 80 bps in CASA deposits in FY2020. Private banks and SFBs (Small Finance Banks) accounted for most of the gains although foreign banks have seen an improvement in current account deposits. Steady expansion and focus coupled with better products and interest rates have helped private banks gain market share.
PSU banks have been losing CASA market share steadily from 72% in FY2011 to 63% in FY2020: