Canara Bank, facing deposit growth challenges, mobilized ₹16,700 crore in ten weeks by engaging its 82,000 employees. Each staff member was tasked with gathering deposits from their network, contributing to a reduction in the credit deposit ratio from 76% to 73%. This initiative also decreased the bank's reliance on bulk deposits and strengthened customer connections.
from Banking/Finance-Industry-Economic Times https://ift.tt/SUy3pjh
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