DCBL Bank has launched three new deposit schemes. The bank on Sunday introduced DCBL Individual Fixed Deposit (Muddati Nichhep), DCBL Sampati Karobar Bachat Khata and DCBL Sampati Karobar Call Khata.
DCBL Muddati Nichhep pays 10 percent quarterly interest to depositors while the other two are aimed at individuals and institutions involved in land transactions. "The bank has introduced DCBL Sampati Karobar to ensure transparency in land transactions," said Sudheer Khatri, chief executive officer, at a press meet.
According to Khatri, an increasing liquidity crunch and high rate of institutional investors have forced the bank to come up with DCBL Muddati Nichhep. "Institutional depositors are asking 9.75 percent interest and the growth of remittance inflow has decreased," said Khatri. "In this scenario, we've decided to go to the public."
Source:eKantipur
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Tuesday, December 15, 2009
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