Bank deposits diverting to other investment channels

The deposit rate ceiling has diverted cash flows from the banking system to other investment channels, such as securities, gold, and others, VietBiz24.com reported on Friday. After 10 days of execution of interest rate ceiling, banks said the money was being withdrawn from the banking system.     According to VietBiz24.com, on September 8 and [...]

Sep 25 2011 | Posted in Banking-Finance | Read More »

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