How can I improve my bank branch business?

7 Common Sense Ways to Increase Bank Cross-Selling

1. Start With the Lowest Hanging Fruit. The.
2. Stay Connected.
3. Continually Evaluate Upsell Opportunities.
4. Empower Your Customer-Facing Employees.
5. Ask for Referrals.
6. Leverage Offline and Online Channels.
7. Measure and Reward What You Want Done.

What are fund based and fee based financial services?

— A bank or NBFC offers two types of products: fee-based and fund-based. The proportion between the two impacts the amount of capital needed and income earned. — Loans are fund-based products. To make a loan, a bank or NBFC has to borrow money and ensure that the cost of borrowing is less than the cost of lending.

What is realistic lending Programme?

RLP = Realistic Lendable Programme i.e. the crop loans expected to be issued during the year. Average growth in crop loans issued during the previous three years should be the basis for deciding the RLP.

How can a bank branch be profitable?

Eight Steps to Improving Branch Profitability

1. Focus on balancing profit, growth and risk.
2. Assess the strategic fit and unique role for each branch in the network.
3. Analyze the current customer base for each branch.
4. Identify your best new prospect opportunities.
5. Analyze the competition.

How can the banking process be improved?

Let’s get started.

1. Promote Financial Literacy Through Customer Education.
2. Become a Trusted Advisor to Small Business Customers.
3. Make Contextual Data a Core Component of Your Customer Service Strategy.
4. Develop a Truly Omnichannel Customer Experience.
5. Provide Customers With Self-Service Opportunities.

Which is the most important type of deposit bank?

Fixed Deposits (FD) are one of the most efficient banking deposits for those people who want to safely invest their money for two purposes – Saving for emergencies and earning interest on the same.

What is an example of fund based service?

Important fund based services include: Mutual funds. Bill discounting. Credit Financing.

What is group lending methodology?

Loans are extended using the Group Lending Methodology, where individual loans are provided to each member of a group of women. If one member of the group defaults on the loan repayment, the other members are obligated to repay in her stead.

What is group lending?

Group lending is a unique financial service for low-income entrepreneurs. To obtain such a loan it is necessary to form a group of three or more individuals who run businesses that earn income and have been active for at least three months.