labels: banks & institutions
Vijaya Bank to offer floating rate depositsnews
Our Banking Bureau
12 December 2001
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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Vijaya Bank to offer floating rate deposits