Customer service, not interest rates, will drive deposits for private banks

Quick Summary:

However, it soon realised that interest rates were not the primary driver of deposit growth.

The challenge of deposit mobilisation for banks was intensified by the upward trend in equity markets, which has attracted more household savings than lenders.

He added that beyond the base-level deposits, the interest rate is a big differentiator.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: India

Topics: Private banks Business Standard BFSI Summit BFSI BFSI Summit 2024 BS Events

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 22:50:19 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 811 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23450314

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 349 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions