deposit mobilization wikipedia
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Hi am Deepka i would like to get details on deposit mobilization wikipedia. All detail about it.
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#2

Banks mobilize deposits by making finance and investing in various financial markets. Basically, the mobilization of deposits is related to the creation of credits. A credit institution that relies solely on funds borrowed to advance loans can not remain viable in the long run of its business. Under current conditions, ARDBs need to mobilize their own resources to introduce new lending programs based on the needs of their members. While there is enormous ARDB potential to mobilize rural savings that was neglected throughout, as they limited their advances to long-term loans that require long-term funds. Currently, some ARDBs are making short-term loans for various purposes. For what they need to raise short term funds through member deposits.


The Zonal Seminars on "ARDB Preparation for the Renaissance" deliberated in detail on the necessity and scope of ARDB mobilization of deposits on the basis of the provisions of the Law, the Statutes and the NABARD Guidelines and The opinions of experts in the field. The following observations / recommendations were made at the Zonal Seminars;
O The mobilization of member savings is an essential function of the credit union and an important tool for financial inclusion. ARDBs have enormous potential to mobilize rural savings due to statewide jurisdiction and large membership base. They can mobilize deposits of their members according to the deposit plans approved by the Board of Directors of the respective banks.
O SCARDBs are also authorized to mobilize public deposits that are not members of the Bank in accordance with the guidelines issued by NABARD in 1997 subject to certain conditions, such as: i) Total outstanding deposits at any time should not exceed equity Net of the SCARDB. (Ii) The holding of deposits must be for more than one year and less than three years. (Iii) PCARDBs may collect deposits only as SCARDB agents. Iv) SCARDBs to maintain adequate "fluid resources" that should not be less than 15% of outstanding deposits to meet the withdrawal demands.
O The above scheme, while facilitating the taking of deposits even from individuals and institutions that are not members / ineligible to become members of the bank, did not mobilize substantial deposits in any State due to the restrictive provisions mentioned above.
O ARDB, it must design its own schemes to mobilize deposits from its members, since the restrictions in the 1997 deposit mobilization scheme issued by NABARD do not apply when deposits are collected only from members.
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