Banks need to redefine deposit mobilisation strategy, tailormade solutions key to woo depositors, says Federal Bank MD Shyam Srinivasan

Federal Bank's leadership plans to sustain its deposit mobilisation and credit expansion by offering tailored solutions to different customer segments. Outgoing MD Shyam Srinivasan emphasized the need for banks to focus on wealth management and personalized services. KVS Manian will take over as MD, while Srinivasan is expected to become non-executive chairman of Fedfina Financial Services.