Individuals are lining up to park their money in fixed deposits (FDs), what with the instrument earning 15-20 per cent more than what they were in April.
Instead of training executives at a time when delinquency rates are rising across segments, lenders have approached industry body Indian Banks' Association and IIBF to lower the fees, which are in the range of Rs 6,000-8,000 for every agent. Bankers said they were finding it difficult to keep employees and agents away from work for 15 days when they undergo the 100-hour training and certification programme mandated by the RBI.
With each form costing Rs 250, the bank has raked in around Rs 60 crore (Rs 600 million).
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances