Banks have an advantage because of CASA, but CASA comes with the requirement of CRR and SLR. So it ends up balancing itself. Banks have stable sources of retail money and large deposits and it's also cheaper, but the cost to raise it (retail money) is large. In HFCs we have wholesale money, which may be expensive but the cost of raising it also lower. We also have ‘Bajaj’ brand advantage as compared to other HFCs, says Sanjiv Bajaj, Chairman, Bajaj Housing Finance.
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