Question

    Which bank has introduced a Dedicated Business Unit

    Concept, ‘Resources Acquisition Centre’ (RAC) & its primary objective is to strengthen the Retail Deposit Portfolio, which encompasses Current Deposit, Savings Bank, and Term Deposit accounts?
    A Union Bank of india Correct Answer Incorrect Answer
    B Indian Bank Correct Answer Incorrect Answer
    C UCO Bank Correct Answer Incorrect Answer
    D Central Bank of India Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Indian Bank introduced a Dedicated Business Unit Concept, ‘Resources Acquisition Centre’ (RAC). The primary objective of this new initiative is to strengthen the Retail Deposit Portfolio, which encompasses Current Deposit, Savings Bank, and Term Deposit accounts. The bank will focus on specific customer segments, including HNIs, Government/Institutional Clients, Salaried Class, Corporates, Business community, Traders, and Pensioners.

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