Deposit mobilisation: Banks seek level playing field vis-a-vis mutual funds

Banks are advocating for a more level playing field with mutual funds regarding deposit mobilization. Currently, mutual funds are seen as having certain advantages that banks lack, particularly in terms of attracting deposits and managing funds. Banks argue that regulatory and policy discrepancies create an uneven competitive environment. They are calling for adjustments that would align the regulatory frameworks for banks and mutual funds, thereby ensuring fair competition. Such changes could impact the way deposits are gathered and managed, potentially altering the financial landscape and influencing customer choices.