News From Press Govt's digital push, rise of investment platforms to diminish growth of RMs

Govt's digital push, rise of investment platforms to diminish growth of RMs

Source: Business Standard Mar 5, 2018

Relationship managers or RMs, in the past decade or so, have been the cornerstone of every private bank’s revenues. They sell almost every financial product—from fixed deposits, mutual funds and insurance—and also offer advice.

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