Bangalore:
The city-based
Vijaya Bank is planning to introduce floating rate deposits among
its products.
Vijaya Bank CMD S
Gopalkrishna said: The banks asset liability management
committee is working out the modalities about the product, which
would be on offer shortly. While the trend of floating rate
deposits has been around
for some time, in an era of falling interest rates it makes sense
for the bank to look at this product.
Other financial products
that the bank is looking at are derivatives, securitisation of
rent receivables and insurance.
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