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What is the meaning of Mobilization of deposits in banking?
Chetanakb
It means campaigning and collecting customer deposits.
for ex: a bank may have a campaign with advertisements and gifts to attract deposits. That is called mobilization of deposits
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∙ 15y ago
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What is the meaning of Mobilization of credit in banking?
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.
What does social mobilization mean?
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What is the meaning of point of mobilization and demobilization?
Mobilization is where you get prepared or ready something, such as combat. Demobilization is where you do the opposite of mobilization, getting unprepared.
What is deposit mobilization?
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.
Why is it important to knowinteger rules in terms of making deposits and withdrawals in banking?
It is important to know the rules when making deposits and withdrawals when banking, so fees are not accrued.
What is a corporate banking?
Corporate banking is banking services that are designed for businesses. These products will require larger deposits in order to avoid fees.
What is meant in by term deposits in banking?
The meaning of a Term Deposit in banking is referring to a savings account or a certificate of deposit. This particular savings account or certificate of deposit pays at a fixed rate of interest until given a maturity date.
What is the meaning for NRI deposits?
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Responsibilities of marketing department in banking?
Increasing the business of deposits and credit !
What is the meaning of money mobilization?
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What is meaning of Mobilization of Money?
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What is the meaning of remote banking?
rural banking
