0
WHAT IS the role of marketing to support bank deposit mobilization?
Wiki User
∙ 13y ago
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.
The role of the marketing department here is to reach out to more and more customers and explain to them the benefits of depositing their money with the bank thereby generating more deposits for the bank.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Do you think that the marketing concept failed at the eastern bank?
Do you think that the marketing cocept failed at the easten bank
What is the duties of a marketing assistant in a bank?
The marketing assistant will perform whatever duties the marketing director asks him or her to perform. The marketing assistant may have projects of his or her own to complete or be asked to collaborate.
What is the numberof Chase bank marketing department?
1-(800)-888-6625Hope this helps :)
Functions of marketing department of a bank?
The functions of the marketing department of a bank is to advertise about the bank and reach more potential customers who would open accounts with the bank. They usually start up a campaign or a promotional scheme explaining/offering a host of benefits that come along with the process of account opening with the bank. Such a campaign usually results in the increase in the customer base and increased revenue/profit for the banks.
Marketing strategies for banks?
One of the best ways you can increase your lead generation in a bank is by using an effective content marketing strategy. Engaging your potential customer in relevant expertly written content. Here's a website that provides this specially for bank customers. http://www.linent.com/
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.
What is the function of a bank?
The function of a bank is deficit financing and deposit mobilization. They collect deposits from customers and grant loans to people and businesses that need financing. They collect an interest from the loan customers and in turn grant interest to the deposit holders.
Where do banks go when they need money?
They have multiple options.Borrow from a neighboring bank. Banks usually lend one another money to meet their short term cash requirementsBorrow from the country's central bank. Ex: Reserve Bank of India in India or the Federal Reserve in USA etcGo on Deposit Mobilization drives - to attract more customers to deposit cash in their account
Can you deposit quarters at the bank?
yes you can deposit quarters at the bank
What is a bank's reserve-to-deposit ratio?
this is the amount of deposit the central bank authorise bank to keep them
What is the verb for deposit?
Deposit is both a noun and a verb. She made a deposit at the bank. (noun) She was able to deposit the money at the bank. (verb)
What is the journal entry for cash deposit for Fixed deposit in bank?
debit bank accountcredit cash / bank
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.
How do you deposit money in an account?
you can deposit at the bank
How do you write letter for bank fixed deposit?
I want letter for bank fixed deposit
What is the plural word for bank deposit?
banks deposit
When was Union Safe Deposit Bank created?
Union Safe Deposit Bank was created in 1897.
