As you might already know, the main business for banks is accepting deposits and granting loans. The more the loans the banks disburse, the more profit they make. Also, banks do not have a lot of their own money to give as loans. They depend on customer deposits to generate funds for granting loans to other customers. So a deposit mobilization scheme would encourage customers to deposit more cash with the bank and this money in turn will be used by the bank to disburse more loans and generate additional revenue for themselves.
They do that by organizing drives and road shows in prominent areas of the city
Banks mobilize deposits by making finances and by investing in various financial markets. Basically deposit mobilization is related to the creation of credits. The banks would have special campaigns where they would interact with a lot of people and invite them to make deposits with their bank.
i don't think so... products are offered by the banks, almost same. if you have any doubt in it, please refer their website. so product wise, working environment wise, every thing is same through out india. but another point of view there is.. sbi handling government funds. hence it has huge amount of funds as deposits. so they are not in hurry to mobilize deposits. this is the only difference between sbi and other banks(including private and public sector banks).
cost of deposits= Interest paid on Deposits/Total deposits
deposits
Banks must keep a specific percentage of deposits on hand.A banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals.
Banks mobilize deposits by making finances and by investing in various financial markets. Basically deposit mobilization is related to the creation of credits. The banks would have special campaigns where they would interact with a lot of people and invite them to make deposits with their bank.
Banks usually get money when they are short from the central banks of their respective country. They also sometimes mobilize deposits from customers and use that money. In other cases they may go public and issue shares to the public and raise money for their operations.
When you put money in.
The deposits bank on further invests!
i don't think so... products are offered by the banks, almost same. if you have any doubt in it, please refer their website. so product wise, working environment wise, every thing is same through out india. but another point of view there is.. sbi handling government funds. hence it has huge amount of funds as deposits. so they are not in hurry to mobilize deposits. this is the only difference between sbi and other banks(including private and public sector banks).
cost of deposits= Interest paid on Deposits/Total deposits
deposits
Banks must keep a specific percentage of deposits on hand.A banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals.
. If banks loaned out all of their deposits, it would be impossible to meet customers' demands for withdrawals
The Ability To Give Someone Back His Or Her Deposits.
The different ways banks accept deposits are:As cash at their branchesAs checks at their branchesAs cash through their ATMsAs checks through their ATMsAs fund transfers from other banks
Yes