Punjab & Sind Bank expects CASA of over 27% in FY12

Speaking to CNBC-TV18, PK Anand, Executive director of the bank said that Punjab & Sind Bank shall take a call on base rate hike next month. “We shall, however, not increase deposit rates,” he said.

June 22, 2011 / 16:27 IST

Analysts say that most banks will have to pass on their cost of funds to customers to protect their margins in this rate sensitive environment. Punjab & Sind Bank has, however, not passed the rate hike to customers just yet.

Speaking to CNBC-TV18, PK Anand, Executive director of the bank said that Punjab & Sind Bank shall take a call on base rate hike next month.

first published: Jun 22, 2011 12:27 pm

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