As per the report appearing in The Hindu Business Line, Banks which have been vying for CASA deposits, now turning their attention in building Recurring Deposit Base, which is neglected till now.
As per the report, Corporation Bank, Union Bank of India, Bank of India and Central Bank of India have renewed their focus on recurring deposits.
Central Bank of India plans to launch an Recurring Deposit product with an accident insurance feature later this month.
Source:http://www.thehindubusinessline.com/2009/11/08/stories/2009110851190100.htm
BANKS TURN BACK TO RECURRING DEPOSITS
Labels: BANKING N FINANCE
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