Tag Archives: spree

Small finance banks on deposit mobilisation spree on 1st year of operation

With eight out of ten small finance banks now fully operational, aggressive deposit mobilisation in the first year of operation has turned out to be the key strategy for almost all the new entities. In addition, the new age banks are betting big on technology to reduce the cost of operations.   All the operational small finance banks are offering up to 100-150 basis points higher interest rate on term deposits over market rates. ... Read More »

Swiss central bank steps up stock buying spree

Switzerland’s central bank now owns more publicly-traded shares in Facebook (FB.O) than Mark Zuckerberg, part of a mushrooming stock portfolio that is likely to grow yet further. The tech giant’s founder and CEO has other ways to control his company: Zuckerberg holds most of his stake in a different class of stock. Nevertheless this example illustrates how the Swiss National ... Read More »