DFS is the authority to impose pressure on banks to sale third party products, insurance etc, Now she is emphasising on core business. She is solely responsible for creating imbalance in work life of banking fraternity.
Most of the bank,s deposit mobilise in health insurance and mutual fund through the bank,s Staff by the bank management as well as by the Govt. Itself. Why now crying for CASA Deposit. Bank,s management and Govt. Are responsible for the whole scene.
For deposit growth in the banks tax on interest on term deposit should be reduced by 1 to 2 percent and rate of interest should be increased to compete mutual funds and income from share market.
